M&A Deal Summary

ABRY Partners Acquires Franklin Energy

On July 31, 2019, private equity firm ABRY Partners acquired utilities company Franklin Energy from Kohlberg & Company

Acquisition Highlights
  • This is ABRY Partners’ 1st transaction in the Utilities sector.
  • This is ABRY Partners’ 117th transaction in the United States.
  • This is ABRY Partners’ 2nd transaction in Wisconsin.

M&A Deal Summary
Date 2019-07-31
Target Franklin Energy
Sector Utilities
Buyer(s) ABRY Partners
Sellers(s) Kohlberg & Company
Deal Type Secondary Buyout

Target

Franklin Energy

Port Washington, Wisconsin, United States
Franklin Energy offers a seamless customer experience through energy efficiency and demand response program management services, as well as product fulfillment. Franklin Energy has a nationwide footprint and will leverage its 30 years of expertise as it continues delivering integrated customer engagement solutions alongside its implementation services and product solutions. Franklin Energy was founded in 1994 and is based in Port Washington, Wisconsin.

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Buyer(S) 1

Buyer

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 134 of 171
Sector (Utilities) 1 of 1
Type (Secondary Buyout) 30 of 41
State (Wisconsin) 2 of 2
Country (United States) 117 of 145
Year (2019) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 Root Data Center

Montreal, Quebec, Canada

Root Data Center, Inc. is a data center company that provides colocation solutions to empower the world's computing leaders. Its modular design promises optimal agility and efficiency, which enables all customers to scale their technology infrastructure and grow with confidence. Less power to waste, more power to you.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 North American Dental Group

Pittsburgh, Pennsylvania, United States

North American Dental Group is a dental services provider. North American Dental Group was created to transform the dental experience for its patients, clinicians, and its support teams and today consists of a network of over 200 dental practices in 11 states and 23 regional markets. North American Dental Group was founded in 2008 and is based in Pittsburgh, Pennsylvania.

Sell -

Seller(S) 1

SELLER

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.

DEAL STATS #
Overall 42 of 47
Sector (Utilities) 3 of 3
Type (Secondary Buyout) 17 of 19
State (Wisconsin) 5 of 5
Country (United States) 41 of 46
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 ENTRUST Solutions

Warrenville, Illinois, United States

ENTRUST Solutions is an outsourced provider of comprehensive design, engineering, and consulting services to utilities in the U.S. ENTRUST Solutions offers customers a full spectrum of services with expertise in gas and electric distribution, pipeline infrastructure, automation systems, and integrity management solutions. ENTRUST Solutions is based in Warrenville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-29 Interstate Hotels & Resorts

Arlington, Virginia, United States

Interstate Hotels & Resorts, Inc. is a global hotel management company, operating branded full- and select-service hotels and resorts, convention centers and independent hotels worldwide. Currently, Interstate and its affiliates manage 425 hotels with nearly 75,000 rooms around the globe. In addition, Interstate has executed agreements to manage 40 hotels with nearly 5,200 rooms under development or construction.

Sell -
Mergr

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