M&A Deal Summary

E Source Acquires Opinion Dynamics

On August 19, 2025, E Source acquired business services company Opinion Dynamics

Acquisition Highlights
  • This is E Source’s 9th transaction in the Business Services sector.
  • This is E Source’s 13th transaction in the United States.
  • This is E Source’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2025-08-19
Target Opinion Dynamics
Sector Business Services
Buyer(s) E Source
Deal Type Add-on Acquisition
Advisor(s) FOCUS Investment Banking (Financial)
Saul Ewing (Legal)

Target

Opinion Dynamics

Waltham, Massachusetts, United States
Opinion Dynamics is a consulting firm specializing in energy evaluation, social and behavioral research, energy advising, and market research. Opinion Dynamics was founded in 1987 and is based in Waltham, Massachusetts.

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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 13 of 14
Sector: Business Services M&A 9 of 9
Type: Add-on Acquisition M&A Deals 13 of 14
State: Massachusetts M&A 1 of 1
Country: United States M&A 13 of 14
Year: 2025 M&A 2 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-23 CF Power

Wilmington, Delaware, United States

CF Power is a power systems engineering firm that offers electric power system analysis, design, and engineering services. CF Power is based in Wilmington, Delaware.

Buy -