E Source Acquires TROVE Predictive Data Science

MSCI Acquires Trove Research

October 10, 2023

Data & Analytics

MSCI Inc. has signed a purchase agreement to acquire Trove Research, a specialist data, analysis and advisory firm focused on voluntary carbon markets. The acquisition will integrate Trove's carbon market data, models and platform into MSCI's climate and ESG offerings to expand its capabilities for corporates, institutional investors and other market participants; terms were not disclosed and the deal is expected to close this quarter.

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.

EcoVadis Acquires ecotrek to Boost Sustainability Data Mining Capabilities

July 13, 2022

Data & Analytics

EcoVadis has acquired ecotrek, a sustainability data mining startup, to integrate ecotrek's automated data collection and analysis technology into EcoVadis' sustainability ratings and intelligence platform. The deal is intended to accelerate EcoVadis' sustainability intelligence, improve ESG visibility across supply chains, and enhance customer experience and scalability for supplier monitoring and risk management.

E Source Acquires Cairn ERA

October 26, 2021

Energy

E Source has acquired Cairn ERA, a global market intelligence and consulting firm specializing in battery storage, to expand its analytics and advisory offerings for utilities and energy developers. The deal, announced by E Source (owned by Align Capital Partners), adds Cairn ERA’s battery expertise to E Source’s suite of data-driven solutions for US and Canadian utilities.

E Source Acquires UMS Group

November 28, 2023

Energy

E Source, the Align Capital Partners-backed utility market intelligence and data-science platform, has acquired UMS Group, a utility management consulting firm. The add-on strengthens E Source’s consulting capabilities in areas such as wildfire risk reduction, asset management, renewable integration and advanced AI modeling for utilities.

apexanalytix Acquires ESG Enterprise

March 7, 2023

Data & Analytics

apexanalytix has acquired ESG Enterprise, a provider of AI-powered ESG management data, SaaS and supply-chain analytics; financial terms were not disclosed. The acquisition expands apex's supply-chain risk and sustainability capabilities and follows apex's majority investment from KKR in 2022.