Acquisitions in West Virginia in 2020

Energy Services of America Corporation formed a wholly owned subsidiary, West Virginia Pipeline Acquisition Company, and entered an asset purchase agreement to acquire substantially all assets of WV Pipeline, Inc. for $3.5 million cash plus a $3.0 million seller note; the transaction was expected to close December 31, 2020. The acquisition expands Energy Services' capabilities and geographic presence in gas and water distribution utility services in southern West Virginia, and WV Pipeline's leadership (David and Daniel Bolton) will remain with the business.

Cathcart Rail (with involvement from Guardian Rail and infrastructure investor Star America/Tikehau Star Infra) acquired Appalachian Railcar Services (ARS) from GenNx360 Capital Partners. The transaction brings ARS's network of railcar repair, cleaning, coating, mobile repair and storage facilities into the Cathcart/Guardian platform to expand capabilities and geographic footprint across the Midwest, Southeast and Mid-Atlantic.

PET Fiber, LLC (doing business as Fiberworx) acquired Troy, LLC, a Harrisville, West Virginia manufacturer of non-woven fabrics, in a transaction that closed on August 4, 2020. The acquisition brings complementary product lines and manufacturing capabilities together to create a more diversified nonwoven supplier focused on automotive and industrial markets; terms were not disclosed.

Vicinity Energy has acquired Morgantown Energy Associates, the district energy system serving West Virginia University in Morgantown, West Virginia, from an investment affiliate of Starwood Energy Group Global, L.L.C. Vicinity plans to convert the system away from coal to primarily natural gas (with ULSD backup), invest in additional dual-fuel boilers, and reduce the system's carbon footprint and local air pollutants while expanding its U.S. district energy footprint.

Summit BHC, a Franklin, Tennessee-based operator of addiction treatment and behavioral health centers, has acquired Highland Hospital, a 131-bed psychiatric facility in Charleston, West Virginia. The deal expands Summit's national network and represents its first facility in West Virginia and its second acquisition in 2020.

Computershare has acquired Verbatim Global Compliance, a U.S.-based provider of managed corporate secretarial and governance services, from law firm Orrick, Herrington & Sutcliffe LLP. The deal expands Computershare’s Governance Services capabilities and allows it to offer integrated entity governance, advisory and managed secretarial solutions to its global issuer and corporate clients.

Hull Street Energy acquired 100% of the interests in Gauley River Power Partners, LLC, the operator of an 80 MW hydroelectric facility in Summersville, West Virginia, from Enel Green Power North America and GE Energy Financial Services (via their EGPNA Renewable Energy Partners JV). The purchase was part of a larger purchase-and-sale under which Hull Street acquired thirty-one hydroelectric stations from the EGPNA JV and expands Hull Street affiliates' generation portfolio across the United States.

RCap Equity Partners, a Philadelphia-area private equity firm, has made a growth investment in Ascension Recovery Services, a Morgantown, West Virginia-based provider of behavioral health development and management services. The partnership will support Ascension RS's plans to scale its substance use disorder and co-occurring disorder treatment platform and expand access to care across the United States.

Steelite International has acquired the foodservice divisions of The Homer Laughlin China Company and The Hall China Company (to be operated collectively as The Fiesta Tableware Company). The deal transfers manufacturing and sales of the sellers' foodservice product lines to Steelite so the Wells family can focus on the Fiesta retail business; terms were not disclosed.