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  6. E Source Acquires CF Power

M&A Deal Summary

E Source Acquires CF Power

On September 23, 2025, E Source acquired energy services and equipment company CF Power

Acquisition Highlights
  • This is E Source’s 1st transaction in the Energy Services and Equipment sector.
  • This is E Source’s 14th transaction in the United States.
  • This is E Source’s 1st transaction in Delaware.

M&A Deal Summary
Date 2025-09-23
Target CF Power
Sector Energy Services and Equipment
Buyer(s) E Source
Deal Type Add-on Acquisition
Advisor(s) FMI Capital Advisors (Financial)
Linmac (Legal)

Target

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.

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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 14 of 14
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 14 of 14
State: Delaware M&A 1 of 1
Country: United States M&A 14 of 14
Year: 2025 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-19 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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