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Energy Services of America completes FAMCO asset acquisition

Consideration includes cash and Energy Services common stock, with part of the purchase price withheld pending a post-closing true-up.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

On October 23, 2026, Energy Services of America Corporation (ESOA), through its subsidiary FAMCO Acquisition, Inc., completed the acquisition of substantially all operating assets of FAMCO, Inc. for a $6.95 million base purchase price, subject to adjustments.

FAMCO is a West Virginia utility contractor focused primarily on water and sewer infrastructure. The consideration consists of cash and Energy Services common stock, with a portion of the purchase price withheld pending a post-closing true-up. Energy Services said the acquired operations complement its existing water and utility construction operations and expand its capabilities in those markets. FAMCO brings an experienced workforce, equipment fleet and customer relationships.

1 point · 0 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

0 major · 0 points

How the balance works

Positive

  • Moderate pointEnergy Services said FAMCO expands water and sewer capabilities; base purchase price was $6.95 million. 4.1% of market cap

Negative

  • None.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Base purchase price $6.95 million Acquisition of substantially all FAMCO operating assets; subject to adjustments
Acquisition completion date October 23, 2026 FAMCO acquisition completed
Employees 1,400+ employees Energy Services employs this number on a regular basis
Asset Purchase Agreement financial
"pursuant to the Asset Purchase Agreement"
An asset purchase agreement is a legal contract in which a buyer agrees to buy specific assets and contracts of a business rather than buying the company’s stock or ownership. It matters to investors because it determines exactly what is being bought and what liabilities stay behind — like buying the furniture and equipment from a store but not the building or past debts — which affects the deal’s value, taxes and future risk exposure.
post-closing true-up financial
"withheld pending a post-closing true-up"
operating assets technical
"substantially all of the operating assets of FAMCO"
forward-looking statements regulatory
"constitute forward-looking statements within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was ESOA’s base purchase price for the FAMCO acquisition?

Energy Services completed the acquisition for a $6.95 million base purchase price, subject to adjustments and other terms set forth in the Asset Purchase Agreement.

What consideration did ESOA provide for the FAMCO assets?

The consideration consists of cash and Energy Services common stock, with a portion of the purchase price withheld pending a post-closing true-up.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001357971 0001357971 2026-10-23 2026-10-23 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): October 23, 2026

 

Energy Services of America Corporation

(Exact Name of Registrant as Specified in its Charter)

 

Delaware 001-32998 20-4606266
(State or other jurisdiction
of incorporation)
(Commission File Number) (I.R.S. Employer
Identification No.)

 

75 West 3rd Ave., Huntington, West Virginia   25701

(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (304) 522-3868  

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading symbol Name of each exchange
Common Stock, Par Value $0.0001 ESOA The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

Item 8.01 Other Events

 

On October 23, 2026, Energy Services of America Corporation (“Energy Services” or the “Company”) completed the previously announced acquisition of substantially all of the operating assets of FAMCO, Inc. (“FAMCO”), a West Virginia utility contractor focused primarily on water and sewer infrastructure. The acquired operations complement the Company’s existing water and utility construction operations.

 

Pursuant to the Asset Purchase Agreement (the “Agreement”), FAMCO Acquisition, Inc., a subsidiary of Energy Services, acquired the assets for a base purchase price of $6,950,000, subject to adjustments.

 

A copy of the press release dated October 23, 2026 announcing completion of the acquisition is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

99.1 Press Release dated October 23, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

ENERGY SERVICES OF AMERICA CORPORATION

 

Date: October 23, 2026  
   
By: /s/ Charles Crimmel  
Charles Crimmel  
Chief Financial Officer  

 

 

 

 

Exhibit 99.1

 

ENERGY SERVICES OF AMERICA COMPLETES FAMCO ACQUISITION

 

HUNTINGTON, WV, October 23, 2026 — Energy Services of America Corporation (the “Company” or “Energy Services”) (Nasdaq: ESOA) today announced that its subsidiary, FAMCO Acquisition, Inc., has completed the acquisition of substantially all of the operating assets of FAMCO, Inc. (“FAMCO”), a West Virginia utility contractor focused primarily on water and sewer infrastructure.

 

The acquisition was completed for a base purchase price of $6.95 million, subject to the adjustments and other terms set forth in the Asset Purchase Agreement. The consideration consists of cash and Energy Services common stock, with a portion of the purchase price withheld pending a post-closing true-up.

 

FAMCO brings an experienced workforce, equipment fleet and customer relationships in water and sewer infrastructure. The acquisition complements Energy Services’ existing water and utility construction operations and expands its capabilities in these markets.

 

“We are excited to add FAMCO to the Energy Services team,” said Douglas Reynolds, President of Energy Services. “FAMCO brings experienced people, equipment and customer relationships that complement our existing operations and further strengthen our capabilities in water and utility construction.”

 

About Energy Services

 

Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, 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 1,400+ employees on a regular basis. The Company's core values are safety, quality, and production.

 

Investor Relations:
Steven Hooser
Three Part Advisors, LLC
(214) 872-2710

 

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.

 

 

 

Filing Exhibits & Attachments

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