E Source Acquires UMS Group

E Source Acquires Utilligent

September 18, 2023

Consulting

E Source, a utility market intelligence and solution services platform backed by Align Capital Partners, has acquired Utilligent, an operations and technology management consulting firm serving electric, gas, and water utilities. The add-on expands E Source's capabilities in smart infrastructure, data transformation, program execution, and customer engagement, and increases E Source's headcount by roughly 30%.

E Source Acquires ILLUME Advising

May 6, 2025

Consulting

E Source, a utilities-focused research, data science and consulting company, has acquired ILLUME Advising, a boutique research and program-evaluation consultancy for the energy and utility sector. The deal, executed by E Source (which is backed by Align Capital Partners), is an add-on intended to expand E Source's program evaluation, human-centered research and customer-insight capabilities for utility clients across North America.

E Source Acquires AAC Utility Partners

January 4, 2022

Utilities

E Source, a provider of research, data science and consulting for North American utilities, has acquired AAC Utility Partners, a Columbia, South Carolina-based vendor-independent consulting firm that specializes in customer information systems (CIS), program management and cloud consulting for utilities. The transaction is an add-on to E Source's Technology Planning and Implementation (TPI) business unit and is intended to expand the company's implementation, CIS and cloud capabilities for electric, gas, water and wastewater utilities.

E Source Acquires Opinion Dynamics

August 19, 2025

Utilities

E Source, a utilities-focused company backed by Align Capital Partners, has acquired Opinion Dynamics to strengthen its program evaluation, research, and advisory capabilities for utilities. The acquisition expands E Source's ability to deliver end-to-end utility customer and grid-edge solutions—particularly in areas like energy efficiency, electrification, decarbonization, and load flexibility.

E Source Acquires CF Power

September 25, 2025

Engineering Services

E Source, a Boulder-based provider of customer, grid, and technology solutions for utilities, has acquired CF Power, a power systems engineering firm known for grid modernization and interconnection studies. The deal, supported by E Source investor Align Capital Partners, strengthens E Source's technical engineering capabilities to support utilities and developers across planning, interconnection and transmission work.

E Source Acquires Water Systems Optimization (WSO)

November 2, 2021

Environmental Services

E Source has acquired Water Systems Optimization (WSO), a Nashville-based water-loss analytics and consulting firm, as a strategic add-on to expand E Source’s water market capabilities. The acquisition, announced by E Source’s owner Align Capital Partners, integrates WSO’s analytics, leak-simulation models, and program management services into E Source’s Technology Planning and Implementation unit to better serve utilities and municipalities.