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Align Capital Partners Acquires E Source to Expand Portfolio of Energy Sources
Wednesday 26 June 2019

26 June 2019 - US-based private equity firm Align Capital Partners (ACP) has acquired Colorado, US-based E Source, a provider of customer-focussed research, data, and consulting for utilities and their partners, the company said.
Terms of the transaction were not disclosed.
E Source provides subscription-based market intelligence services for thousands of utility employees and senior leaders across North America. The company's unique insights into key areas of demand side management, customer experience, and marketing, help utilities adapt to ever-changing business and market conditions.
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.
E Source provides market research, data, and consulting services to more than 300 utilities and their partners.
This guidance helps the company's customers advance their customer energy solutions and enhance customer relationships, while becoming more innovative and responsive in the rapidly evolving market.
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP brings experience, resources, and a USD 326m committed fund to help companies accelerate their growth.
E Source marks ACP's seventh platform company investment completed since the firm's first fund closed in September 2016.
Details
Date Published: 26/06/2019
Target: E Source
Country: USA
Sector: Utilities
Type: LBO
Status: Closed
Vendor:
Buyer: Align Capital Partners (ACP)
Comment:
Terms of the deal were not disclosed

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