HUNTINGTON, W.Va., Dec. 2, 2024 /PRNewswire/ — Power Services and products of The us Company (the “Company” or “Energy Services”) (Nasdaq: ESOA) has finished the up to now introduced acquire of Tribute Contracting & Specialists, LLC (“Tribute”), an underground use contractor that employs roughly 90 building employees and essentially focuses on aqua and wastewater gadget installations in Ohio, Kentucky, and West Virginia. 

As up to now famous, Power Services and products bought considerably all the property of Tribute for $22 million in money, much less any assumed debt and dealing capital changes, and $2.0 million of Power Services and products’ ordinary reserve.

Todd Harrah and Tommy Enyart will proceed their operate with Power Services and products’ brandnew subsidiary and commented at the announcement, “We are excited to join forces with Energy Services and look forward to contributing to the company’s continued success.”

Douglas Reynolds, President, commented at the announcement. “We are excited to add Tribute to the Energy Services team. This acquisition is consistent with our strategy of buying companies that are familiar to us and further enhances our presence in the water distribution and wastewater categories.”

About Power Services and products

Power Services and products of The us Company (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and repair corporate that operates essentially within the mid-Atlantic and Central areas of the USA and gives products and services to consumers within the herbal fuel, petroleum, aqua distribution, car, chemical, and gear industries. Power Services and products employs 1,200+ staff on a familiar foundation. The Corporate’s core values are protection, trait, and manufacturing.

Sure statements contained within the drop together with, with out limitation, the phrases “believes,” “anticipates,” “intends,” “expects” or phrases of related import, represent “forward-looking statements” inside the that means of division 21E of the Securities Change Work of 1934, as amended (the “Exchange Act”). Such forward-looking statements contain recognized and unknown dangers, uncertainties and alternative elements that can reason the fresh effects, efficiency, or achievements of the Corporate to be materially other from any time effects, efficiency or achievements of the Corporate expressed or implied by means of such forward-looking statements. Such elements come with, amongst others, common financial and industry statuses, adjustments in industry technique or building plans, the combination of obtained industry and alternative elements referenced on this drop. Given those uncertainties, potential traders are cautioned to not playground undue reliance on such forward-looking statements. The Corporate disclaims any legal responsibility to replace this kind of elements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to mirror time occasions or tendencies.

SOURCE Power Services and products of The us Company

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