Energy Services of America (ESOA) Expands HVAC Expertise with Rigney Acquisition

Energy Services of America Expands HVAC Capabilities through Strategic Acquisition

Energy Services of America Corporation (NASDAQ: ESOA), based in Huntington, West Virginia, announces a significant step in its strategic growth by acquiring Rigney Digital Systems Ltd Co., a reputable HVAC control systems firm located in Hurricane, West Virginia. This acquisition, formalized on September 18, 2025, through an Asset Purchase Agreement by Energy Services’ subsidiary, Nitro Construction Services, Inc., marks a pivotal moment for the company as it seeks to bolster its expertise in building technology. Rigney, established in 2000, is known for its innovative HVAC solutions that enhance operational efficiency and reliability, making it a valuable addition to Nitro’s portfolio.

With this move, Nitro Construction aims to integrate Rigney’s advanced HVAC control systems into its existing suite of services, offering smarter solutions to clients while preserving the Rigney brand that has built strong relationships with customers over the years. Energy Services’ President and CEO, Douglas Reynolds, emphasizes that this acquisition aligns seamlessly with Nitro’s objectives, allowing for enhanced customer service without disrupting the established trust that Rigney has cultivated. Rigney will function as a distinct entity within Nitro, ensuring continuity for its current clientele while also paving the way for future growth in the HVAC sector, a field increasingly critical in the context of energy efficiency and sustainability.

The acquisition not only enhances Nitro Construction's service offerings but also strengthens Energy Services of America's position within the HVAC market, leveraging Rigney's 25 years of experience in optimizing building performance. This strategic expansion is particularly timely as the demand for energy-efficient building solutions continues to rise, driven by both regulatory pressures and a growing awareness of environmental sustainability. By integrating Rigney’s specialized knowledge into its operations, Energy Services sets the stage for increased competitiveness in the mid-Atlantic and Central U.S. regions, where it already serves diverse industries, including natural gas, petroleum, and power.

In addition to this acquisition, Energy Services of America maintains a robust workforce of over 1,000 employees, underscoring its commitment to delivering high-quality service across various sectors. Nitro Construction, with a history spanning over 60 years, is well-regarded for its industrial construction and maintenance services, emphasizing safety and craftsmanship in its operations. The acquisition of Rigney Digital Systems not only enhances Nitro’s capabilities but also reflects the company’s strategic vision of fostering long-term partnerships with clients while promoting innovation in energy-efficient technologies.

As Energy Services of America continues to evolve, its focus on integrating advanced HVAC solutions positions the company favorably for future growth and success in an increasingly competitive market.