Public Company Industrial Services

Energy Services of America Corporation

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.

Focus Areas
Energy-related contracting, Natural gas distribution and pipeline services, Water and wastewater infrastructure

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

Energy Services of America Corporation Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Energy Services of America Corporation. 1 2020 1 2021 1 2022 1 2024 1 2025

Supporting Data

Recent Transactions

  • Buyer
    Nitro Construction Services, Inc., Energy Services of America Corporation
    Target
    Rigney Digital Systems Ltd Co.
    Type
    Buyout

    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.

  • Buyer
    Nitro Construction Services, Energy Services of America Corporation
    Target
    Heritage Painting, LLC
    Type
    Buyout

    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.

  • Buyer
    Energy Services of America Corporation
    Target
    Tri-State Paving & Sealcoating, LLC
    Seller
    Tri-State Paving & Sealcoating, LLC
    Industry
    Construction
    Type
    Buyout

    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.

  • Buyer
    Energy Services of America Corporation, Nitro Construction Services Inc.
    Target
    Revolt Energy, Inc.
    Seller
    Revolt Energy, Inc.
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    Energy Services of America Corporation, West Virginia Pipeline Acquisition Company
    Target
    WV Pipeline, Inc.
    Seller
    WV Pipeline, Inc.
    Type
    Buyout

    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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