Energy Services of America Acquires WV Pipeline, Inc.

West Virginia American Water Acquires Jefferson Utilities

October 2, 2023

Utilities

West Virginia American Water, a subsidiary of American Water, completed the acquisition of Jefferson Utilities (including assets of Valley Water and Sewer Services, Shenandoah Junction Public Sewer and East Jefferson Sewer Services) for $27 million. The combined systems serve 3,978 customer connections across Jefferson, Berkeley and Morgan counties; the buyer plans infrastructure updates and will transition customers to West Virginia American Water service and PSC-established rates. The seller/owner, Lee Snyder, is retiring after building the systems over 25 years.

Pennsylvania American Water Acquires Appalachian Utilities, Inc.

September 28, 2023

Utilities

Pennsylvania American Water has acquired Appalachian Utilities, Inc., a small investor-owned water system serving ~1,450 customer connections in Clinton County, Pennsylvania. The regulated utility plans to invest more than $6.2–6.5 million to upgrade aging infrastructure and will adopt Appalachian's current rates pending regulatory approvals.

EnergySolutions Acquires Substantially All Assets of Williams Industrial Services Group for $60M

July 24, 2023

Industrial Services

EnergySolutions agreed to acquire substantially all assets of Williams Industrial Services Group Inc. for $60 million through a Section 363 sale as part of Williams' Chapter 11 process. The deal (for Williams' nuclear, fossil, energy delivery and paper mill operations) excludes Williams' water contract operations in Florida and Texas and is intended to expand EnergySolutions' nuclear services and plant-support capabilities.

Energy Services of America Acquires Tri-State Paving & Sealcoating

April 6, 2022

Construction

Energy Services of America Corporation (Nasdaq: ESOA) formed a wholly owned subsidiary to acquire substantially all assets of Tri-State Paving & Sealcoating, LLC for $7.5 million in cash, a $1.0 million seller note, and $1.0 million in ESOA common stock. The asset purchase, which is expected to close April 29, 2022, will expand Energy Services' capabilities and presence in the water distribution utilities market; Tri-State's president David Corns will continue with the new subsidiary.

Energy Services of America (Nitro Construction) Acquires Heritage Painting

July 11, 2024

Industrial Services

Energy Services of America Corporation, through its subsidiary Nitro Construction Services, has acquired Heritage Painting, LLC, an industrial and commercial painting contractor operating in West Virginia and surrounding areas. The acquisition adds industrial/commercial coating and floor-coating capabilities to Energy Services/Nitro’s service offering and expands its services into Heritage’s existing end markets, including fabrication and oil & gas.

Energy Services of America (Nitro) Acquires Revolt Energy

April 30, 2021

Energy

Energy Services of America Corporation’s Nitro Construction Services subsidiary completed the purchase of substantially all assets of Revolt Energy, Inc., a Nitro, West Virginia-based solar installation company. The asset purchase, completed April 30, 2021, brings residential and growing commercial/industrial solar installation capabilities into Nitro’s service offering to support diversification into renewable energy.