Tracked deals
5
5 tracked deals across 2020-2025.
Huntington, West Virginia, United States
ESA is a special purpose acquisition corporation and parent company to CJ Hughes Construction Inc., West Virginia Pipeline Inc., and Nitro Electric. It provides contracting services for energy-related companies, serving the gas, petroleum, power, chemical, automotive, and water/wastewater industries.
Tracked deals
5
5 tracked deals across 2020-2025.
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Buyout
5 buyout
Last 5 years
Supporting Data
Energy Services of America’s subsidiary Nitro Construction Services has completed the acquisition of Rigney Digital Systems, a regional HVAC control systems designer, installer and service provider based in Hurricane, West Virginia. The deal expands Nitro’s building-technology and HVAC controls capabilities while preserving Rigney’s brand, staff and client relationships to support future growth in building efficiency solutions.
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 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 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.
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.
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