Port Washington-based Franklin Energy Services LLC has acquired Sparks, Nev.-based Resource Action Programs, a provider of education-based energy efficiency programs.
Franklin Energy is an energy efficiency program implementation provider. It has almost 400 employees. The acquisition will expand its market expertise while assuring undisrupted program delivery, Franklin said.
“As a results-driven energy efficiency program implementer, we continuously search for innovative ways and opportunities to improve our end-to-end services portfolio,” said Paul Schueller, Franklin Energy chief executive officer. “This acquisition marks an exciting new chapter for Franklin Energy, which caps off our twenty-year anniversary in what is becoming a rapidly changing and advancing industry.”
RAP has about 40 employees, all of whom will remain with the company. It will continue to operate at its existing facility under the same name, a Franklin spokesperson said. Operational leaders will maintain their positions, and take on additional responsibilities. One of the three previous owners will remain with the firm over the next two years to transition the company.
“This RAP and Franklin combination will allow us to continue our focus on enhancing the customer experience for the participants in our clients’ energy efficiency programs,” said Dan Tarrence, Franklin Energy president. “We are expanding our expertise and reach to position ourselves to continue to deliver successful programs for our current client base while helping new utilities and municipalities capture cost effective energy savings. We strive to stay in step with our clients’ needs and ahead of our industry’s challenges.”
The transaction price was not disclosed.