Item 8.01 Other Events On October 1, 2026, Energy Services of America Corporation (the “Company” or “Energy Services”) announced it has entered into an Asset Purchase Agreement with FAMCO, Inc. (“FAMCO”), a West Virginia utility contractor focused primarily on water and sewer infrastructure.…
Filed Oct 1, 2026Accepted Oct 1, 2026, 5:01 PM EDTCIK 1357971Accession 0001104659-26-112883
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.
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Item 8.01Item 8.01 - Other Events
Item 8.01
Other Events
On October 1, 2026, Energy
Services of America Corporation (the “Company” or “Energy Services”) announced it has entered into an Asset Purchase
Agreement with FAMCO, Inc. (“FAMCO”), a West Virginia utility contractor focused primarily on water and sewer infrastructure.
Under the terms of the agreement,
Energy Services’ new subsidiary, FAMCO Acquisition, Inc., will purchase substantially all of the operating assets of FAMCO
for a base purchase price of $6.95 million, subject to the adjustments and other terms set forth in the agreement. At closing, three-eighths
of the purchase price will be paid in cash. One-half of the purchase price will be paid in Energy Services common stock, to be issued
as soon as possible after closing, and the remaining one-eighth will be withheld pending a post-closing true-up. The Company currently
anticipates the transaction will close on or about October 9, 2026, subject to satisfaction or waiver of the applicable closing conditions
and other circumstances that may affect the timing of closing.
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.
A copy of the press release
dated October 1, 2026 is included as Exhibit 99.1 to this report and is being furnished to the SEC and shall not be deemed filed
for any purpose.
Filed exhibits (1)
EX-99.1 (by filename) tm2626742d1_ex99-1.htm
Exhibit 99.1
ENERGY SERVICES OF AMERICA ANNOUNCES AGREEMENT TO ACQUIRE FAMCO, INC.
Huntington, WV, October 1, 2026 - Energy
Services of America Corporation (the “Company” or “Energy Services”) (Nasdaq: ESOA), today announced it has entered
into an Asset Purchase Agreement with FAMCO, Inc. (“FAMCO”), a West Virginia utility contractor focused primarily on
water and sewer infrastructure.
Under the terms of the agreement, Energy Services’
new subsidiary, FAMCO Acquisition, Inc., will purchase substantially all of the operating assets of FAMCO for a base purchase price
of $6.95 million, subject to the adjustments and other terms set forth in the agreement. At closing, three-eighths of the purchase price
will be paid in cash. One-half of the purchase price will be paid in Energy Services common stock, to be issued as soon as possible after
closing, and the remaining one-eighth will be withheld pending a post-closing true-up. The Company currently anticipates the transaction
will close on or about October 9, 2026, subject to satisfaction or waiver of the applicable closing conditions and other circumstances
that may affect the timing of closing.
FAMCO is an established West Virginia …