Energy Services of America expands its operational footprint following the successful acquisition of FAMCO's assets, marking a strategic consolidation move for the Huntington-based firm.
Energy Services of America has expanded its operational footprint through the acquisition of substantially all operating assets of FAMCO via its subsidiary, FAMCO Acquisition, Inc. While the specific financial terms of the transaction were not disclosed, this strategic move is intended to bolster the company's service capabilities within its core energy infrastructure markets.
The acquisition was completed by FAMCO Acquisition, Inc., a subsidiary of Energy Services of America Corporation.
No, the company did not disclose the financial terms of the transaction in the announcement.
FAMCO is the target company whose operating assets were acquired by Energy Services of America; no financial terms were disclosed.
Energy Services of America Corporation has finalized the acquisition of substantially all operating assets belonging to FAMCO through its subsidiary, FAMCO Acquisition, Inc. The strategic move aims to bolster the company's service capabilities, though management opted not to disclose specific financial terms of the transaction.
Energy Services of America acquired the operating assets of FAMCO to expand its existing service capabilities.
No, Energy Services of America did not disclose the financial terms of the asset purchase.