Energy Services of America Corporation has acquired nearly all operating assets of FAMCO, a West Virginia utility contractor specializing in water and sewer infrastructure, for $6.95 million. The deal, paid in cash and stock, enhances Energy Services' existing utility construction operations by adding experienced staff, equipment, and customer relationships. This acquisition strengthens the company's position in the water and sewer markets, aligning with its core values of safety, quality, and production. The transaction includes a post-closing price adjustment and reflects Energy Services' strategy to expand its service capabilities in the mid-Atlantic and Central U.S. regions.
Energy Services of America's acquisition of FAMCO provides context for readers following industrial sector developments. For readers following Industrials, here is Pluang's market snapshot as of Oct 24, 2026 03:31 WIB: Among 135 priced US Industrials stocks on Pluang, 54 rose and 81 fell today. Notable movers include Southwest Airlines Co (LUV) at USD 41.78 with a 1-day change of +4.76% and a typical hold time of 66 days, QXO Inc. (QXO) at USD 10.52 down -4.54% with a typical hold time of 2 days, and Nordic American Tankers Limited (NAT) at USD 7.86 up +4.24%, with Pluang order activity showing 0% Sell / 100% Buy and a typical hold time of 4 days.
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