Core Points - Energy Services of America Corporation has completed the acquisition of Tribute Contracting & Consultants, LLC for a total consideration of $22 million in cash and $2 million in common stock [2] - The acquisition aligns with Energy Services' strategy to enhance its presence in the water distribution and wastewater sectors [2] - Tribute specializes in underground utility contracting, employing approximately 90 construction workers primarily in Ohio, Kentucky, and West Virginia [1][2] Company Overview - Energy Services of America Corporation is headquartered in Huntington, WV, and operates mainly in the mid-Atlantic and Central regions of the United States [3] - The company provides services across various industries, including natural gas, petroleum, water distribution, automotive, chemical, and power [3] - Energy Services employs over 1,200 individuals and emphasizes core values of safety, quality, and production [3]
ENERGY SERVICES OF AMERICA COMPLETES ACQUISITION