Dallas-based private equity firm Align Capital Partners’ utility intelligence platform E Source has acquired Baton Rouge-based UtiliWorks Consulting.
Dallas-based private equity firm Align Capital Partners’ utility intelligence platform E Source has acquired Baton Rouge-based UtiliWorks Consulting.
Growth-oriented private equity firm Align Capital Partners (ACP) manages USD325 million in committed capital with investment teams in Cleveland and Dallas. The firm focuses on control investments in lower-middle market business services, specialty manufacturing, and value-added distribution companies.
ACP acquired E Source in June last year, and UtiliWorks marks the platform’s second add-on acquisition. Together, UtiliWorks and E Source help utilities and cities solve some of their most complex problems by leveraging data and decades of experience.
“UtiliWorks is a natural extension of E Source’s service offering and meaningfully expands the platform’s power-centric customer base into water utilities,” said Rob Langley, ACP managing partner. “Acquiring UtiliWorks enhances E Source’s market position as a thought leader and high-quality utility solutions provider, and extends E Source’s service offering through more tactical solutions,” he added.
E Source works with thousands of utility employees and senior leaders across the US and Canada, arming them with the knowledge, guidance, and best practices they need to adapt to the ever-changing business and market conditions. “Our acquisition of UtiliWorks will allow us to provide an even richer offering in the area of technology implementation and optimisation consulting in the utility and municipal space,” said E Source CEO Wayne Greenberg.
UtiliWorks is an advisory firm that partners with water, electric, and gas utilities and municipalities; specifically in the areas of advanced metering infrastructure, smart energy, smart water, and smart city initiatives. Its expertise lies in the areas of technology assessment, business case development, vendor selection implementation oversight, and stakeholder education.
The company partners with utilities to advance business and technology solutions to strategically enhance utility operations. “UtiliWorks’ unparalleled expertise in helping utilities select the right technology for their specific needs and maximising the value of that investment is a perfect complement to E Source’s consulting solutions,” said Dale Pennington, CEO of UtiliWorks. “We’re excited to work with a team that clearly aligns with our values and focus on customer success.”
The company will continue to operate under the name UtiliWorks as the AMI and smart city consulting division of E Source.
