Franklin Energy / AM Conservation Acquires Evolve Technologies

AM Conservation (Franklin Energy) Acquires Assets of Energy Federation, Inc. (EFI)

June 13, 2024

Utilities

AM Conservation, the products division of Franklin Energy, has agreed to purchase the assets of Energy Federation, Inc. (EFI) to combine product lines and marketplace capabilities and become a more comprehensive provider of products and marketplace solutions to the utility industry. Because EFI is a nonprofit, the closing is conditioned on final approval from the Massachusetts Attorney General and the Massachusetts Supreme Judicial Court.

Franklin Energy Acquires AESC and EVA Green Power

December 19, 2024

Renewable Energy

Franklin Energy, a portfolio company of Abry Partners, acquired AESC (Alternative Energy Systems Consulting) and EVA Green Power to expand its clean energy engineering, consulting, and distributed energy capabilities. The add-on acquisitions broaden Franklin Energy’s capacity across energy efficiency, demand-side management, solar, storage, EV charging and EPC services, and bolster its integrated offerings for utilities, governments, and commercial & industrial clients.

E Tech Group Acquires E-Volve Systems

March 2, 2023

Engineering Services

E Tech Group, a portfolio company of Falfurrias Capital Partners, has acquired E-Volve Systems, a provider of industrial automation, controls engineering and computer systems validation. The add-on expands E Tech Group's capabilities and presence in the life sciences, food & beverage, and consumer products markets; terms were not disclosed.

Evolution Well Services Acquires eFrac Gas Treating Division from Alliance OGP

January 27, 2022

Energy

Evolution Well Services has acquired the eFrac gas treating division of Alliance OGP. The purchase expands Evolution’s in-house field gas conditioning and mobile power capabilities, strengthening its integrated electric fracturing and field gas offering to reduce emissions and operating costs for E&P customers.

Xylem Inc. Acquires Evoqua Water Technologies

May 24, 2023

Utilities

Xylem Inc. completed the acquisition of Evoqua Water Technologies in an all-stock transaction valued at approximately $7.5 billion, creating the world’s largest pure-play water technology company. The combined company has pro forma revenue of roughly $7.3 billion and more than 22,000 employees globally; the transaction is expected to deliver significant cost synergies and expands Xylem's advanced treatment and services capabilities across municipal and industrial end markets.

Galen Partners Acquires Evolve Treatment Centers

January 8, 2020

Healthcare Services

Galen Partners, a healthcare-focused growth equity firm, has acquired Evolve Treatment Centers, a Los Angeles-based provider of adolescent behavioral health services with 13 facilities across California. The partnership will support expansion of Evolve's evidence-based clinical programs and continuum of care (IOP, PHP, RTC) to address growing demand for adolescent mental health and substance-abuse treatment.