M&A Deal Summary

Franklin Energy Acquires AESC

On December 19, 2024, Franklin Energy acquired energy services and equipment company AESC

Acquisition Highlights
  • This is Franklin Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Franklin Energy’s 6th transaction in the United States.
  • This is Franklin Energy’s 3rd transaction in California.

M&A Deal Summary
Date 2024-12-19
Target AESC
Sector Energy Services and Equipment
Buyer(s) Franklin Energy
Deal Type Add-on Acquisition

Target

AESC

Carlsbad, California, United States
AESC is an engineering and consulting specializing in energy efficiency and renewable energy. AESC brings cutting-edge engineering and consulting services, and proprietary software tools designed to reduce energy consumption, measure meter-based load impacts, strengthen grid reliability, and decarbonize facilities and manufacturing processes and systems. AESC was founded in 1994 and is based in Carlsbad, California.

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Buyer(S) 1

Buyer

Franklin Energy

Port Washington, Wisconsin, United States
Category Company
Founded 1994
Sector Utilities
DESCRIPTION

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.

DEAL STATS #
Overall 6 of 6
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (California) 3 of 3
Country (United States) 6 of 6
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 Snugg Home

Boulder, Colorado, United States

Snugg Home is a software-as-a-service energy efficiency adoption company that delivers a user-friendly interface to convert audits to upgrades. Snugg Home is based in Boulder, Colorado.

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