Enservco to buy energy logistics firm Buckshot Trucking in $3.75 mln deal, shares up [Seeking Alpha]
Enservco Corporation (ENSV)
NASDAQ:AMEX Investor Relations:
enservco.com
Company Research
Source: Seeking Alpha
The deal adds higher margin business that has historically generated strong growth and cash generation without substantial new overhead, Enservco ( ENSV ) said, adding, the transaction also provides year-round prospective growth with operational and financial visibility, and creates new operating division that expands current market position in hot oiling and acidizing services and frac water heating services. Buckshot founder and current owners, Tony Sims and Jim Fate, will continue to lead their business, which in 2023 earned EBITDA of approximately $2.3 million on revenue of approximately $8.2 million. As part of the transaction, which is expected before the end of the second quarter, the principals at Buckshot have the opportunity for an additional potential performance payout of up to $0.5 million based on growth and financial performance relative to the performance of Enservco's stock. ENSV premarket to $0.31. Recommended For You More Trending News Recommended For Y
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News
- Enservco Corporation (AMEX:ENSV) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Enservco Corporation Reports 2023 Fourth Quarter and Full Year Financial Results [Yahoo! Finance]Yahoo! Finance
- Enservco Corporation Reports 2023 Fourth Quarter and Full Year Financial ResultsGlobeNewswire
- Enservco Corporation Announces Timing of Fourth Quarter and Full Year 2023 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Enservco Corporation Announces Timing of Fourth Quarter and Full Year 2023 Earnings Release and Conference CallGlobeNewswire
ENSV
Sec Filings
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- ENSV's page on the SEC website