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NITRO CONSTRUCTION SERVICES ANNOUNCES ACQUISITION OF RIGNEY DIGITAL SYSTEMS

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Energy Services of America (NASDAQ: ESOA) announced that its subsidiary, Nitro Construction Services, has acquired Rigney Digital Systems, a West Virginia-based HVAC control systems specialist. Founded in 2000, Rigney Digital Systems has established itself as a regional leader in designing, installing, and servicing advanced HVAC control systems.

Under the acquisition agreement, Rigney will maintain its brand identity, staff, and client relationships while leveraging Nitro Construction's resources. The strategic purchase aims to expand Nitro's building technology capabilities while preserving Rigney's established market presence. The company will continue operating as a distinct entity within the Nitro Construction family.

Energy Services of America (NASDAQ: ESOA) ha annunciato che la sua controllata, Nitro Construction Services, ha acquisito Rigney Digital Systems, specialista in sistemi di controllo HVAC con sede in West Virginia. Fondata nel 2000, Rigney Digital Systems si è affermata come leader regionale nel progettare, installare e mantenere sistemi di controllo HVAC avanzati.

Secondo l'accordo di acquisizione, Rigney manterrà la propria identità di brand, lo staff e i rapporti con i clienti pur sfruttando le risorse di Nitro Construction. L'acquisto strategico mira ad espandere le capacità tecnologiche edilizie di Nitro, preservando nel contempo la presenza consolidata di Rigney sul mercato. L'azienda continuerà a operare come entità distinta all'interno della famiglia Nitro Construction.

Energy Services of America (NASDAQ: ESOA) anunció que su subsidiaria, Nitro Construction Services, ha adquirido Rigney Digital Systems, una especialista en sistemas de control HVAC con sede en Virginia Occidental. Fundada en 2000, Rigney Digital Systems se ha establecido como líder regional en el diseño, instalación y mantenimiento de avanzados sistemas de control HVAC.

Según el acuerdo de adquisición, Rigney mantendrá su identidad de marca, su personal y las relaciones con los clientes mientras aprovecha los recursos de Nitro Construction. La compra estratégica tiene como objetivo ampliar las capacidades de tecnología de edificios de Nitro, manteniendo al mismo tiempo la presencia establecida de Rigney en el mercado. La empresa seguirá operando como una entidad distinta dentro de la familia Nitro Construction.

Energy Services of America (NASDAQ: ESOA)는 자회사인 Nitro Construction Services가 West Virginia 주에 기반을 둔 HVAC 제어 시스템 전문업체인 Rigney Digital Systems를 인수했다고 발표했습니다. 2000년에 설립된 Rigney Digital Systems는 고급 HVAC 제어 시스템의 설계, 설치, 유지보수에서 지역 선두주자로 자리매김해 왔습니다.

인수 계약에 따라 Rigney는 브랜드 아이덴티티, 직원, 고객 관계를 유지하면서 Nitro Construction의 자원을 활용할 것입니다. 이 전략적 매수는 Nitro의 빌딩 기술 역량을 확장하는 동시에 Rigney의 기존 시장 입지를 보존하는 것을 목표로 합니다. 이 회사는 Nitro Construction 가족 내의 독립적인 법인으로 계속 운영될 것입니다.

Energy Services of America (NASDAQ: ESOA) a annoncé que sa filiale, Nitro Construction Services, a acquis Rigney Digital Systems, spécialiste des systèmes de contrôle CVC basé en Virginie-Occidentale. Fondée en 2000, Rigney Digital Systems s’est imposée comme un leader régional dans la conception, l’installation et la maintenance des systèmes de contrôle CVC avancés.

Dans le cadre de l’accord d’acquisition, Rigney conservatera son identité de marque, son personnel et ses relations avec la clientèle tout en tirant parti des ressources de Nitro Construction. Cet achat stratégique vise à étendre les capacités technologiques des bâtiments de Nitro, tout en préservant la présence établie de Rigney sur le marché. L’entreprise continuera d’opérer en tant qu’entité distincte au sein de la famille Nitro Construction.

Energy Services of America (NASDAQ: ESOA) gab bekannt, dass seine Tochtergesellschaft Nitro Construction Services Rigney Digital Systems, einen in West Virginia ansässigen Spezialisten für HVAC-Steuerungssysteme, erworben hat. Gegründet im Jahr 2000 hat sich Rigney Digital Systems als regionaler Führer in der Planung, Installation und Wartung fortschrittlicher HVAC-Steuerungssysteme etabliert.

Im Rahmen der Übernahme wird Rigney seine Markenidentität, Belegschaft und Kundenbeziehungen beibehalten und dabei die Ressourcen von Nitro Construction nutzen. Die strategische Akquisition zielt darauf ab, die Gebäudetechnologie-Kompetenzen von Nitro zu erweitern und gleichzeitig die etablierte Marktpräsenz von Rigney zu bewahren. Das Unternehmen wird weiterhin als eigenständige Einheit innerhalb der Nitro Construction-Familie operieren.

Energy Services of America (NASDAQ: ESOA) أعلنت أن شركة Nitro Construction Services، وهي شركة تابعة، استحوذت على Rigney Digital Systems، وهي شركة متخصصة في أنظمة تحكم HVAC ومقرها في فرجينيا الغربية. تأسست Rigney Digital Systems في عام 2000، وقد رسّخت نفسها كقيادة إقليمية في تصميم وتركيب وخدمات أنظمة تحكم HVAC المتقدمة.

وفقاً لاتفاقية الاستحواذ، ستحافظ Rigney على هوية علامتها التجارية وموظفيها وعلاقاتها مع العملاء مع الاستفادة من موارد Nitro Construction. يهدف الشراء الاستراتيجي إلى توسيع قدرات تكنولوجيا المباني لدى Nitro مع الحفاظ في الوقت نفسه على حضور Rigney في السوق. ستواصل الشركة العمل ككيان مستقل ضمن عائلة Nitro Construction.

Energy Services of America (NASDAQ: ESOA) 宣布其子公司 Nitro Construction Services 已收购 Rigney Digital Systems,这是一家总部位于西弗吉尼亚州的 HVAC 控制系统专家公司。Rigney Digital Systems 成立于 2000 年,已确立自己在设计、安装和维护先进 HVAC 控制系统方面的区域领导地位。

根据收购协议,Rigney 将 保持品牌形象、员工队伍和客户关系,同时利用 Nitro Construction 的资源。这笔战略收购旨在扩大 Nitro 的建筑技术能力,同时保留 Rigney 在市场上既有的存在。该公司将继续作为 Nitro Construction 家族中的一个独立实体运营。

Positive
  • Strategic expansion into HVAC control systems technology
  • Retention of Rigney's established brand, staff, and client relationships
  • Complementary service offering enhancing Nitro's building solutions portfolio
  • Access to Nitro Construction's broader resources for growth
Negative
  • Integration risks with existing operations
  • Potential challenges in maintaining separate brand identity while leveraging synergies

NITRO, W.Va., Sept. 18, 2025 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced that its subsidiary, Nitro Construction Services, Inc. ("Nitro Construction" or "Nitro"), has entered into an Asset Purchase Agreement with Rigney Digital Systems Ltd Co. ("Rigney Digital Systems" or "Rigney"), a regional leader in HVAC control systems located in Hurricane, West Virginia.

Rigney Digital Systems, founded in 2000, has built a strong reputation for designing, installing, and servicing advanced HVAC control systems that improve efficiency, comfort, and reliability. Under the new ownership, Rigney will maintain its brand identity, staff, and client relationships, while benefiting from Nitro Construction's resources and support. The purchase expands Nitro's expertise in building technology while allowing Rigney to continue operating under its well-respected name.

"This acquisition is a natural fit for Nitro Construction," said Douglas Reynolds, President and CEO of Energy Services. "Rigney Digital Systems' HVAC control expertise complements our existing services and allows us to provide clients with smarter, more efficient building solutions — all while preserving the Rigney name that customers have come to trust."

Rigney Digital Systems will remain a distinct operation within the Nitro Construction family, ensuring continuity for existing customers and supporting future growth in HVAC controls and building technology.

About Energy Services

Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, West Virginia, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,000+ employees on a regular basis. The Company's core values are safety, quality, and production.

About Nitro Construction

For more than 60 years, Nitro Construction has been a trusted provider of industrial construction, fabrication, and maintenance services. Based in Nitro, West Virginia, the company has built its reputation on safety, craftsmanship, and long-term client partnerships. Today, Nitro continues to deliver reliable solutions for complex projects across the region, combining decades of experience with a forward-looking commitment to innovation.

About Rigney Digital Systems

Founded in 2000, Rigney Digital Systems is a trusted provider of HVAC control systems, specializing in solutions that optimize building performance and energy efficiency. With 25 years of experience and a reputation for technical expertise and customer service, Rigney has supported a wide range of facilities across the region.

Certain statements contained in the release including, without limitation, the words "believes," "anticipates," "intends," "expects" or words of similar import, constitute "forward-looking statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements of the Company expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans, the integration of acquired business and other factors referenced in this release. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

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SOURCE Energy Services of America Corporation

FAQ

What company did Energy Services of America (NASDAQ: ESOA) acquire in September 2025?

Energy Services of America's subsidiary, Nitro Construction Services, acquired Rigney Digital Systems, a regional leader in HVAC control systems based in Hurricane, West Virginia.

How will the Rigney Digital Systems acquisition affect its current operations?

Rigney Digital Systems will maintain its brand identity, staff, and client relationships while operating as a distinct entity within the Nitro Construction family, benefiting from additional resources and support.

When was Rigney Digital Systems founded and what is their specialty?

Rigney Digital Systems was founded in 2000 and specializes in designing, installing, and servicing advanced HVAC control systems that improve efficiency, comfort, and reliability.

What are the strategic benefits of ESOA's acquisition of Rigney Digital Systems?

The acquisition expands Nitro Construction's expertise in building technology and HVAC control systems while allowing them to offer more comprehensive building solutions to clients through Rigney's established brand.

Who will lead Rigney Digital Systems after the ESOA acquisition?

The press release indicates that Rigney will continue operating as a distinct operation within Nitro Construction, though specific leadership details were not disclosed.
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