M&A Deal Summary

E Source Acquires Utilligent

On September 20, 2023, E Source acquired business services company Utilligent

Acquisition Highlights
  • This is E Source’s 6th transaction in the Business Services sector.
  • This is E Source’s 10th transaction in the United States.
  • This is E Source’s 2nd transaction in California.

M&A Deal Summary

Date 2023-09-20
Target Utilligent
Sector Business Services
Buyer(s) E Source
Deal Type Add-on Acquisition

Target

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.

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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 10 of 14
Sector: Business Services M&A 6 of 9
Type: Add-on Acquisition M&A Deals 10 of 14
State: California M&A 2 of 2
Country: United States M&A 10 of 14
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 Distributed Energy Financial Group

Alpharetta, Georgia, United States

Distributed Energy Financial Group is a utility customer research and advisory firm with expertise in low income, equity, and customer experience. Distributed Energy Financial Group was founded in 2003 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 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.

Buy -