Energy Services of America agrees FAMCO deal: what it means for Energy Services of America stock

Published on 10/14/2026 at 07:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FAMCO carries a USD 6.95 million base price under the agreement. Energy Services of America stock was valued at USD 190.1 million on October 13, 2026.

Deal terms and payment date

On October 1, 2026, Energy Services of America agreed to acquire FAMCO for USD 6.95 million.
A quarterly USD 0.04 dividend was declared on September 17, 2026.
Energy Services of America stock was last at EUR 8.56 in Frankfurt on October 9, 2026.
The dividend payment date is October 15, 2026.

ESOA, US29271Q1031, Illustration mit AI erstellt.

Energy Services of America (ISIN US29271Q1031) agreed on October 1, 2026, to acquire FAMCO for a base price of USD 6.95 million, according to PR Newswire. The deal gives Energy Services of America an additional water and sewer infrastructure operation, while half of the purchase price is payable in company stock.

What the FAMCO deal means

FAMCO is a West Virginia utility contractor with an experienced workforce, equipment fleet, customer relationships and contract backlog. Three-eighths of the USD 6.95 million consideration is payable in cash at closing, one-half in Energy Services common stock and one-eighth is withheld for a post-closing true-up, the company said in the October 1, 2026 release.

The transaction was expected to close on or about October 9, 2026, subject to customary conditions. That structure makes the acquisition a combination of operating expansion and share-based consideration rather than a cash-only purchase.

Three dated company developments

On August 10, 2026, Energy Services of America reported fiscal third-quarter revenue of USD 130.01 million and net income of USD 3.29 million, with diluted earnings per share of USD 0.18, according to Investing.com. On September 17, 2026, the board declared a quarterly cash dividend of USD 0.04 per common share, according to StockTitan. The October 1, 2026 FAMCO agreement is the latest of the three events.

Dates for shareholders

The USD 0.04 dividend is payable on October 15, 2026, to shareholders of record as of September 30, 2026, according to StockTitan. The company operates across utility, energy, water, chemical and automotive markets and employs more than 1,300 people across 12 states, according to Energy Services of America.

Last Frankfurt quote remains dated

The last available Frankfurt quote was EUR 8.56 on October 9, 2026. Energy Services of America had a USD 190.1 million market capitalization as of October 13, 2026, while its primary listing is on Nasdaq under ticker ESOA. Market context: Market report S&P 500.