Aurora Energy Research Acquires EDC Associates Ltd

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.

RESA Power Acquires Advanced Electrical Services, Ltd.

August 8, 2022

Energy

RESA Power, a portfolio company of Investcorp, has acquired Advanced Electrical Services, Ltd. (AES), a two-location electrical testing and medium/high-voltage service provider in Alberta, Canada. The acquisition is RESA Power's first add-on under Investcorp ownership and expands RESA's footprint and capabilities in Western Canada across renewable energy, mining, utilities and oil & gas end markets.

Edison Energy Acquires Alfa Energy Ltd.

October 10, 2022

Energy

Edison Energy (d/b/a Altenex Energy in Europe) has acquired UK-based energy and sustainability consultancy Alfa Energy Ltd. The acquisition expands Edison’s European footprint and combines the firms’ advisory, procurement and decarbonization capabilities to better serve large corporate, industrial and institutional clients across Europe.

TPG Rise Climate Acquires Majority Stake in Aurora Energy Research

June 4, 2025

Data & Analytics

TPG Rise Climate (TPG) has agreed to acquire a majority stake in Aurora Energy Research from CGE Partners, with CGE reinvesting alongside 22C Capital and Aurora management. Aurora — an Oxford-based energy market analytics and software platform serving utilities, governments and investors — will scale its data, analytics and software capabilities globally with TPG’s climate investing resources and 22C’s operational support.

Enercon Services Acquires Ardent Environmental Group

July 12, 2022

Environmental Services

Enercon Services, a portfolio company of AE Industrial Partners, has acquired Ardent Environmental Group, an environmental consulting firm based in Corona, California. The add-on expands ENERCON's Environmental Services Group capabilities—adding Phase I/II site assessments, remediation and monitoring services—and increases its footprint in the Western United States.

Qualus Acquires ADM Associates

July 16, 2025

Energy

Qualus Corporation has acquired ADM Associates LLC, a leading U.S. energy research and EM&V firm. The deal expands Qualus' energy-efficiency, program evaluation, energy modeling, data science and software development capabilities to better serve utilities, government agencies and commercial clients across the U.S. and Canada.