E Source Acquires Opinion Dynamics

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.

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 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 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 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.

E Source Acquires Distributed Energy Financial Group (DEFG)

July 14, 2022

Consulting

E Source, a utility-focused data and solution services platform owned by Align Capital Partners, has acquired Distributed Energy Financial Group (DEFG), a utility customer research and advisory firm specializing in low‑income, equity and customer experience. The add-on expands E Source’s capabilities in energy equity and customer engagement, positioning the company as a leader in equity solutions for utilities.