Energy Services of America Acquires Rigney to Enhance HVAC Capabilities and Service Delivery

Energy Services of America Expands HVAC Capabilities Through Strategic Acquisition

Energy Services of America Corporation (NASDAQ: ESOA) makes a significant move in the HVAC industry with its recent acquisition of Rigney Digital Systems Ltd Co. (Rigney), a respected HVAC control systems company based in Hurricane, West Virginia. This acquisition, announced on September 18, 2025, allows Energy Services’ subsidiary, Nitro Construction Services, Inc. (Nitro), to broaden its expertise in building technology solutions while enhancing service delivery to its clients. Founded in 2000, Rigney is known for its innovative HVAC control systems that improve energy efficiency and reliability within various building environments. By integrating Rigney’s established brand and skilled workforce, Nitro aims to offer smarter, more efficient solutions without disrupting the trusted relationships Rigney has cultivated over the years.

The acquisition aligns perfectly with Nitro’s existing service portfolio, emphasizing Energy Services’ commitment to delivering high-quality, specialized offerings in the HVAC sector. Douglas Reynolds, President and CEO of Energy Services, highlights that the strategic move will not only preserve Rigney’s brand identity but also strengthen Nitro's position in the market. With Rigney continuing to operate as a distinct entity within Nitro, current customers can expect seamless service continuity while benefiting from the enhanced resources and capabilities brought in by the acquisition. This dual focus on maintaining Rigney’s operational integrity and fostering future growth positions Energy Services to better serve its clients in the highly competitive HVAC landscape.

Energy Services of America employs over 1,000 individuals and serves various industries across the mid-Atlantic and Central United States, including natural gas, petroleum, and power sectors. Nitro Construction, with over 60 years of industry experience, is recognized for its commitment to safety and craftsmanship in industrial construction, fabrication, and maintenance services. The addition of Rigney’s 25 years of specialized HVAC experience further rounds out Nitro’s capabilities, enabling the company to provide comprehensive solutions that meet the evolving needs of its clients. This acquisition represents a strategic enhancement of Energy Services’ offerings, poised to drive innovation and growth in the HVAC control systems market.

In a broader context, this acquisition is indicative of ongoing trends within the HVAC industry, where technological advancements and energy efficiency are increasingly prioritized. As companies seek to optimize building performance, Energy Services’ proactive approach positions it favorably to capitalize on market demands. The integration of Rigney’s advanced HVAC solutions not only complements Nitro’s existing services but also aligns with the overarching goal of enhancing operational efficiency for customers across various sectors.