Skip to main content

Franklin Energy Expands Offering with Acquisition of Evolve Technologies

Written by Customer Service on . Posted in Mergers And Acquisitions.

CHARLESTON, SC, Sept. 27, 2023 (GLOBE NEWSWIRE) — AM Conservation, a subsidiary of Franklin Energy, a leading provider of energy efficiency and grid optimization solutions and products, announced today the successful acquisition of Evolve Technologies, a leading provider of innovative patented technologies and products for water and energy conservation. 

“This acquisition allows us to better address market opportunities as we move into a time of accelerated electrification and innovation in saving energy and water,” said Terry Sobolewski, Franklin Energy CEO. “The combination of these businesses immediately expands our ability to simplify and scale the adoption of sustainable energy solutions.”  

Based in Scottdale, AZ, Evolve has combined award-winning industrial design, product development, engineering, and manufacturing with more than 20 years of business development, product marketing, and sales expertise.  

“Throughout our longstanding partnership with the Evolve team, we have always been impressed with the energy and water savings delivered by their patented products,” said John Bailes, AM Conservation President. “Now, we are thrilled to impact greater change by aligning these products within the diverse network of channels and clients we serve.” 

“The Evolve team is excited about the potential of our unique technologies and product development capabilities serving as a catalyst within the growth strategy of the combined organization,” said Jeff Doss, Evolve CEO. “Our values and culture are strongly aligned with Franklin Energy and AM Conservation, and their increased resources will further our mission dedicated to delivering meaningful water, energy, and carbon footprint savings.” 

This acquisition will enable Franklin Energy and AM Conservation to amplify and scale the impact of Evolve’s technologies and expertise, benefitting clients and customers alike. 

 

About Franklin Energy 

As a combined organization, Franklin Energy and AM Conservation deliver sustainable energy management products and solutions through a portfolio that lowers costs, reduces carbon and waste, and grows stronger communities and local economies. Franklin Energy is committed to achieving net-zero carbon emissions by 2025, protecting our communities and planet while building a brighter, more sustainable future. 

 

About Evolve Technologies  

Evolve Technologies develops innovations enabling bathers to Enjoy More and Use Less. Evolve is comprised of a talented team of developers, designers, and engineers dedicated to delivering meaningful water, energy and carbon footprint savings without requiring behavior changes or sacrifices. Its core technologies, ShowerStart ® and ShowerStart Express, conveniently save the water and energy used while waiting for the shower to become warm. 

CONTACT: Ashley Smedema 
Franklin Energy
(262) 999-2497
asmedema@franklinenergy.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.