NITRO CONSTRUCTION SERVICES COMPLETES ACQUISITION OF RIGNEY DIGITAL SYSTEMS

Rhea-AI Summary

Energy Services of America (NASDAQ: ESOA) announced that its subsidiary, Nitro Construction Services, has completed the acquisition of Rigney Digital Systems, a West Virginia-based HVAC control systems leader. Founded in 2000, Rigney Digital Systems specializes in designing, installing, and servicing advanced HVAC control systems.

Under the acquisition, Rigney will maintain its brand identity, staff, and client relationships while leveraging Nitro Construction's resources. The strategic purchase enhances Nitro's building technology capabilities while preserving Rigney's established market presence. The integration aims to deliver smarter and more efficient building solutions to clients.

Positive

• Strategic expansion into HVAC control systems technology
• Retention of Rigney's established brand, staff, and client relationships
• Complementary service integration enhancing building solutions portfolio
• Access to Rigney's expertise in advanced HVAC control systems

Negative

• Integration costs and operational challenges may impact short-term performance
• Potential execution risks in maintaining separate brand operations

News Market Reaction – ESOA

+0.19%

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+0.19% News Effect

On the day this news was published, ESOA gained 0.19%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NITRO, W.Va., Sept. 30, 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 completed the acquisition of 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 Nitro Construction Services acquire in September 2025?

Nitro Construction Services acquired Rigney Digital Systems, a regional leader in HVAC control systems based in Hurricane, West Virginia.

How will the ESOA acquisition of Rigney Digital Systems affect existing customers?

Rigney Digital Systems will maintain its brand identity, staff, and client relationships while operating as a distinct operation within Nitro Construction, ensuring continuity for existing customers.

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

The acquisition expands Nitro Construction's expertise in building technology and HVAC control systems while allowing them to provide clients with smarter, more efficient building solutions.

Will Rigney Digital Systems keep its brand name after the ESOA acquisition?

Yes, Rigney Digital Systems will retain its brand name and continue operating as a distinct operation within the Nitro Construction family.

What services does Rigney Digital Systems provide to ESOA's portfolio?

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