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E Source Platform Acquires TROVE Predictive Data Science to Broaden Data-Driven Solutions to Utilities
Friday 14 February 2020

14 February 2020 - US private equity firm Align Capital Partners (ACP) has closed on the acquisition on Buffalo-based TROVE Predictive Data Science, its third strategic add-on for E Source, Align's utility intelligence platform, the company said.
Terms of the transaction were not disclosed.
TROVE Predictive Data Science is a provider of predictive analytics solutions for the utility industry. TROVE's data scientists and engineers have developed artificial intelligence software to help clients make better, data-driven decisions to improve their bottom line, reduce operational risk and increase customer satisfaction.
TROVE also leverages data and predictive science to forecast vegetation growth around power lines so utilities can optimise their vegetation management planning and reduce the risk of wildfires.
E Source provides subscription and consulting-based services for utility employees and senior leaders across North America.
The acquisition of TROVE allows E Source to predictive data science to proprietary utility data sets, best practice research, and consulting engagements.
E Source is focussed solely on electric, gas, and water utilities and municipalities. The company provides predictive analytics, market research, benchmarking data, and consulting services to more than 300 utilities, municipalities and their partners.
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages USD 325m in committed capital with investment teams in Cleveland and Dallas.
Date Published: 14/02/2020
Target: TROVE Predictive Data Science
Country: USA
Sector: IT/Online Services
Type: LBO
Status: Closed
Buyer: Align Capital Partners (ACP)
Terms of the deal were not disclosed