Announced
Financials
Tags
Private Equity
Majority
Acquisition
Friendly
Private
market intelligence
Pending
United States
Information / Data Services
Single Bidder
Synopsis
Align Capital Partners, a growth-oriented private equity firm acquires a majority stake in E Source, a leading provider of customer-focused research, data, and consulting for utilities and their partners. Financial terms were not disclosed. ACP’s investment in E Source, the first institutional capital in the business, will help grow the Company’s existing portfolio of customer energy and customer experience solutions both organically and through add-on acquisitions. E Source will seek to increase value within its membership services, expand its consulting practice, and introduce software solutions to advance utility customer engagement efforts. Specific growth avenues include enhancements surrounding distributed energy resources, innovation, and human-centered design. “ACP’s investment is a significant milestone for our company, our employees, and our customers,” Wayne Greenberg, E Source CEO.
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