M&A Deal Summary

Franklin Energy Acquires Snugg Home

On February 5, 2024, Franklin Energy acquired internet software and services company Snugg Home

Acquisition Highlights
  • This is Franklin Energy’s 1st transaction in the Internet Software and Services sector.
  • This is Franklin Energy’s 5th transaction in the United States.
  • This is Franklin Energy’s 2nd transaction in Colorado.

M&A Deal Summary
Date 2024-02-05
Target Snugg Home
Sector Internet Software and Services
Buyer(s) Franklin Energy
Deal Type Add-on Acquisition

Target

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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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 5 of 5
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Colorado) 2 of 2
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 Cultivate EO

Denver, Colorado, United States

Cultivate EO is a full-service energy program design and implementation firm, providing expertise and experience working within the cannabis industry to utility and government clients. Cultivate EO was founded in 2016 and is based in Denver, Colorado.

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