M&A Deal Summary

ESA Acquires Tri-State Paving

On April 6, 2022, ESA acquired construction company Tri-State Paving for 10M USD

Acquisition Highlights
  • This is ESA’s 1st transaction in the Construction sector.
  • This is ESA’s 2nd largest (disclosed) transaction.
  • This is ESA’s 2nd transaction in the United States.
  • This is ESA’s 2nd transaction in West Virginia.

M&A Deal Summary
Date 2022-04-06
Target Tri-State Paving
Sector Construction
Buyer(s) ESA
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

Tri-State Paving

Hurricane, West Virginia, United States
Tri-State Paving is a trusted commercial paving company that has the experience and cutting-edge equipment required to handle a wide range of asphalt services. Tri-State Paving is based in Hurricane, West Virginia.

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Buyer(S) 1

Buyer

ESA

Huntington, West Virginia, United States
Category Company
Founded 2006
Sector Energy Services and Equipment
Employees1,282
Revenue 304M USD (2023)
DESCRIPTION

ESA provides contracting services for energy-related companies in the United States. It constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to the pipeline, storage facilities, and plant works. The company also offers a range of electrical and mechanical installation, and repair services, including substation and switchyard, site preparation, equipment setting, pipe fabrication and installation, packaged buildings, transformers, and other ancillary works for the power, chemical, and automotive industries. Energy Services of America was founded in 2006 and is headquartered in Huntington, West Virginia.

DEAL STATS #
Overall 2 of 3
Sector (Construction) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (West Virginia) 2 of 2
Country (United States) 2 of 3
Year (2022) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 West Virginia Pipeline

Princeton, West Virginia, United States

West Virginia Pipeline, Inc. provides site utilities, sanitary sewer lines, gas and water distribution, and also storm drainage services. West Virginia Pipeline is based in Princeton, West Virginia.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-31 Tribute Contracting & Consultants

South Point, United States

Tribute Contracting & Consultants is an underground utility contractor that primarily specializes in water and wastewater system installations. Tribute Contracting & Consultants was founded in 2014 and is based in South Point, Ohio.

Buy $22M
Mergr

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