Align Capital Partners made a majority investment from E Source, a Boulder, Colorado-based provider of customer-focused research, data, and consulting for utilities and their partners.
The financial terms of the deal were not disclosed.
The investment will help the company accelerate its growth both organically and through add-on acquisitions.
Led by CEO Wayne Greenberg, E Source provides subscription-based market intelligence services for thousands of utility employees and senior leaders across North America. The company’s insights into key areas of demand side management, customer experience, and marketing, allow utilities to adapt to changing business and market conditions.
Now, E Source will seek to increase value within its membership services, expand its consulting practice, and introduce software solutions to advance utility customer engagement efforts.
Specific growth avenues include enhancements surrounding distributed energy resources, innovation, and human centered-design.
Gino Porazzo, a veteran operating executive and former COO of CLEAResult, has agreed to join E Source’s Board of Directors as an Outside Board Member.