ACP-Backed E Source Expands its Reach with the Acquisition of UMS Group

The utility market intelligence and solution services platform, E Source, backed by Align Capital Partners (ACP), has recently acquired UMS Group. This strategic acquisition allows E Source to further strengthen its position in the industry and provide comprehensive solutions to utilities. With UMS Group's expertise in utility management consulting, including areas like wildfire risk reduction, asset management excellence, renewable energy integration, and advanced AI modeling, E Source can address pressing challenges such as climate change, renewable energy adoption, and asset management.

The CEO of E Source, Dave Perotti, expresses his excitement about the acquisition, stating, "By bringing UMS Group into E Source, we’re reaffirming our commitment to delivering the most comprehensive solutions to utilities. This acquisition amplifies our ability to empower utilities in a rapidly changing energy landscape."

UMS Group has a long-standing reputation for serving utility customers and has played a crucial role in helping the largest utilities in the US tackle complex energy challenges. By joining forces with E Source, UMS Group can continue its strategic work while expanding its reach and strengthening its thought leadership in the electric, water, and gas utility sectors.

Align Capital Partners acquired E Source in 2019 and remains committed to investing in strategic add-ons that enhance the company's tech-enabled and data-driven solutions. This focus allows utilities to effectively manage their infrastructure and customer aspects of the business. The recent acquisition of UMS Group aligns with this vision, providing additional expertise and expanding the range of services offered by E Source.

E Source blends industry-leading research, predictive data science, and solution services to assist utilities in making informed decisions that benefit their customers, bottom line, and the environment. With over three decades of experience in the utility industry, E Source uses a data-first approach and practical innovation to help clients become sustainable utilities. Headquartered in Boulder, Colorado, E Source has offices across the US.

Align Capital Partners is a private equity firm that partners with business owners and management teams to drive growth. With $1.5 billion in committed capital, ACP focuses on lower-middle-market companies in the business services, technology, specialty manufacturing, and distribution sectors. The firm brings valuable experience and resources to accelerate the growth of its portfolio companies.

In conclusion, the acquisition of UMS Group by ACP-backed E Source signifies an expansion of capabilities and resources in the utility industry. This strategic move reinforces E Source's commitment to delivering comprehensive solutions and empowering utilities in an evolving energy landscape. By combining their expertise, E Source and UMS Group are well-positioned to address pressing challenges and drive innovation in the utility management space.