Enservco Acquires Buckshot Trucking and Completes Share Exchange With Star Equity Holdings

August 12, 2024

Enservco Corporation (NYSE American: ENSV) closed its acquisition of Buckshot Trucking LLC for $5.0 million in a mix of cash, common stock, promissory notes and escrowed funds, and executed a share exchange with Star Equity Holdings, Inc. that included a $2.5 million equity exchange and a $1.0 million promissory note. The transactions expand Enservco’s energy logistics capabilities, diversify its services into hot‑shot trucking and freight for the oil & gas sector, and help strengthen the company’s financial position as it seeks to regain NYSE American listing compliance.

Buyers
Enservco Corporation
Targets
Buckshot Trucking LLC, Star Equity Holdings, Inc.
Location
Colorado, United States
Transaction Type
Buyout

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