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Nitro Construction Services, a subsidiary of Energy Services of America, acquires Heritage Painting, LLC

Jul 11, 2024•over 1 year ago

Acquiring Company

Energy Services of America

Acquired Company

Heritage Painting

HuntingtonWest VirginiaEnergyOil And GasEnergyManufacturing

Description

Energy Services of America Corporation has announced that its subsidiary, Nitro Construction Services, has acquired Heritage Painting, LLC. This acquisition is a strategic move to expand Energy Services' portfolio and further enhance its services to industrial, commercial, fabrication, and oil and gas industries in the West Virginia and surrounding areas.

Company Information

Company

Energy Services of America

Location

75 West 3rd Avenue

Huntington, West Virginia, United States

About

Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,000+ employees on a regular basis. The Company's core values are safety, quality, and production.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
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Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed