ENERGY SERVICES OF AMERICA ANNOUNCES ACQUISITION OF TRIBUTE CONTRACTING & CONSULTANTS
Energy Services of America Corporation (ESOA)
NASDAQ:AMEX Investor Relations:
investors.cjenergy.com
Company Research
Source: PR Newswire
HUNTINGTON, W.Va., Oct. 31, 2024 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced it has entered into an Asset Purchase Agreement with Tribute Contracting & Consultants, LLC ("Tribute"), an underground utility contractor that primarily specializes in water and wastewater system installations in Ohio, Kentucky, and West Virginia.Under the terms of the agreement, Energy Services' new subsidiary, Tribute Acquisition Company, will purchase substantially all of the assets of Tribute for $22 million in cash, less any assumed debt and working capital adjustments, and $2.0 million of Energy Services' common stock. The Company expects the transaction will close in early December. Tribute was formed in 2014 by Tom Enyart and Todd Harrah, who will continue in their roles under the new subsidiary. "We are excited to join forces with Energy Services and look forward to new opportunities in the future," commented Mr. Enyart
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ESOA
News
- Energy Services of America Reports Fourth Quarter and Full Year Fiscal 2024 ResultsPR Newswire
- ENERGY SERVICES OF AMERICA COMPLETES ACQUISITION [Yahoo! Finance]Yahoo! Finance
- ENERGY SERVICES OF AMERICA COMPLETES ACQUISITIONPR Newswire
- ENERGY SERVICES ANNOUNCES THE INITIATION OF A QUARTERLY DIVIDEND [Yahoo! Finance]Yahoo! Finance
- ENERGY SERVICES ANNOUNCES THE INITIATION OF A QUARTERLY DIVIDENDPR Newswire
ESOA
Sec Filings
- 12/23/24 - Form 4
- 12/20/24 - Form 144
- 12/20/24 - Form 4
- ESOA's page on the SEC website