Abry Partners completed the acquisition of Franklin Energy Group from Kohlberg & Company.

Abry Partners, a Boston-based private equity firm, completed its acquisition of Franklin Energy Group, a leading provider of demand-side management solutions to utility clients, from Kohlberg & Company. Financial terms were not disclosed. Franklin Energy was formed through the merger of Franklin Energy Services and AM Conservation Group, and the subsequent acquisition of PlanetEcosystems, resulting in a vertically-integrated DSM company that offers outsourced energy efficiency and demand response program management services, product fulfillment and customer engagement software to utility clients. "Our top priority is always meeting the needs of our utility clients, and our exciting new partnership with Abry will allow us to continue excelling at that. This opens new growth opportunities that we are extremely well-positioned to explore." Paul Schueller, Franklin Energy Chief Executive Officer.