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Energy Services of America Corporation agreed to pay a base purchase price of $6.95 million to acquire substantially all of the operating assets of FAMCO, Inc.
The company disclosed the Asset Purchase Agreement in an 8-K filing on October 1, 2026. Under the terms of the deal, Energy Services' new subsidiary, FAMCO Acquisition, Inc., will assume ownership of FAMCO's assets.
The transaction structure splits the base purchase price into three distinct payment components. Three-eighths of the total value will be paid in cash at closing.
One-half of the purchase price will be settled with Energy Services common stock, which the company plans to issue as soon as possible after the deal closes.
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