Falls River Group (FRG) announced that Daikin Applied Americas (Daikin Applied) has acquired the exclusive license to Sorbent Ventilation Technology (SVT) from enVerid Systems Inc. (enVerid). FRG acted as the exclusive financial advisor to enVerid on this transaction. Terms of the agreement were not disclosed.
“FRG played a critical role throughout the whole process beginning with developing our marketing materials, identifying and engaging targets, and negotiating the final agreement with Daikin Applied. Steve and his team’s passion for market-changing technologies, creative deal structuring expertise, and white glove partnership model made FRG the ideal partner for enVerid,” said Christian Weeks, CEO of enVerid.
SVT is a sorbent-based air-cleaning technology, enabling commercial buildings to achieve high-performance IAQ with significantly reduced energy consumption. Backed by more than a decade of field adoption across commercial, education, and government sectors, SVT is independently validated technology that meets all contaminant requirements in ASHRAE Standard 62.1.
The transaction gives Daikin Applied the sole right to manufacture, sell, and distribute SVT and related offerings across North America. The integration of SVT strengthens Daikin Applied’s commitment to delivering advanced, energy-efficient IAQ technologies that support decarbonization, sustainability, and improved occupant well-being.
“Daikin Applied is an ideal steward for SVT,” said Weeks. “Their industry reach, product leadership, and commitment to innovation create a powerful platform to scale this technology and broaden its impact.”
SVT captures a wide range of airborne contaminants — including VOCs, ozone, and carbon dioxide — through a proprietary sorbent media blend housed within a compact module that integrates with virtually all commercial HVAC systems. By reducing reliance on outside air ventilation, SVT allows building owners to lower energy loads, right-size mechanical equipment, and improve system resiliency in areas affected by pollution or extreme weather.
Daikin Applied will reintroduce the technology under its brand in the coming months and will continue supporting existing standalone SVT installations while working toward deeper integration across its product portfolio.
The transaction aligns with Daikin Applied’s broader sustainability and electrification strategy and expands its position as a leader in next-generation IAQ solutions.
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