M&A Deal Summary

E Source Acquires UMS Group

On November 28, 2023, E Source acquired business services company UMS Group

Acquisition Highlights
  • This is E Source’s 7th transaction in the Business Services sector.
  • This is E Source’s 11th transaction in the United States.
  • This is E Source’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2023-11-28
Target UMS Group
Sector Business Services
Buyer(s) E Source
Deal Type Add-on Acquisition

Target

UMS Group

Parsippany, New Jersey, United States
UMS Group is a utility management consultancy that provides services from wildfire risk reduction and asset management excellence to renewable energy integration and advanced AI modeling. UMS Group is based in Parsippany, New Jersey.

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Buyer(S) 1

Buyer

E Source

Boulder, Colorado, United States

Category Company
Founded 1986
Sector Business Services
DESCRIPTION

E Source is a provider of predictive analytics, market research, benchmarking data, and consulting services for utilities and municipalities. The company helps clients make data-driven decisions to enhance customer experience, plan infrastructure, and advance sustainability. E Source was founded in 1986 and is based in Boulder, Colorado.


DEAL STATS #
Overall 11 of 14
Sector: Business Services M&A 7 of 9
Type: Add-on Acquisition M&A Deals 11 of 14
State: New Jersey M&A 1 of 1
Country: United States M&A 11 of 14
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-20 Utilligent

Los Angeles, California, United States

Utilligent is an operations and technology consulting firm guiding utility clients, including the largest investor-owned and municipal utilities in the US. Utilligent is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-06 Illume

Madison, Wisconsin, United States

Illume is a boutique consulting firm specializing in customized research and program evaluation for the utility industry. Its diverse skill sets include social sciences, data science, engineering, strategic planning, and policy implementation. Illume was formed in 2013 and is based in Madison, Wisconsin.

Buy -