Foley Hoag LLP recently advised Energy Federation, Inc. (EFI), a leader in delivering energy efficiency technology solutions that has focused its business on changing the way people save energy and how utilities engage with their customers, in the sale of its assets to AM Conservation, the products division of Franklin Energy, a leading provider of energy efficiency and grid optimization solutions and products. Combined, they will be the utility industry’s most comprehensive provider of products and marketplace solutions. The transaction required obtaining both Massachusetts Attorney General (AGO) and Massachusetts Supreme Judicial Court (SJC) approval.

For over 40 years, EFI has delivered innovative, high-quality programs in the utility industry. Since 1982, they have launched more than 170 utility marketplaces and processed over $3 billion in customer rebates. EFI’s combination of products and services complements AM Conservation’s offerings and significantly scales their business to more effectively meet the evolving needs of clients.

This is the third transaction in the last ten years where Foley Hoag has obtained approval for the sale of assets of a non-profit. Previous transactions include advising Conservation Services Group in sale of its assets to CLEAResult in 2015 and last year (in 2023), advising Our Lady’s Guild House in the sale of its assets to Fenway Community Development Corporation and the Planning Office for Urban Affairs. Approval for these transactions require significant negotiations with the AGO and a detailed filing with the SJC.

Foley Hoag attorneys Kevin Conroy, Corey Brown, Nitzan Fisher-Conforti, Markus Louis and Amanda Gialil advised EFI on the transaction.