ACP-Backed E Source Expands its Reach with the Acquisition of UMS Group

CLEVELAND and DALLAS, November 28, 2023  |  Align Capital Partners’ (“ACP”) utility market intelligence, data science and solution services platform, E Source (the “Company”), has acquired UMS Group (“UMS”). UMS is an industry leader in utility management consulting with technical expertise that extends across a wide spectrum of utility management challenges including wildfire risk reduction, asset management excellence, renewable energy integration and advanced AI modeling.

“By bringing UMS Group into E Source, we’re reaffirming our commitment to delivering the most comprehensive solutions to utilities,” says Dave Perotti, CEO of E Source. “This acquisition amplifies our ability to empower utilities in a rapidly changing energy landscape, particularly in the face of pressing challenges like climate change, renewable energy adoption and asset management.”

UMS has been serving utility customers for decades and has recently helped most of the 15 largest utilities in the US solve some of the most complex energy challenges facing the industry today. This combination enhances E Source’s services to major investor-owned utilities, emphasizing C-suite-level strategic and operational excellence.

“Over the past 34 years, we have worked hard to establish UMS Group as one of the preeminent consulting and solution providers for the global utility industry,” says Jack Shearman, Founder and CEO of UMS. “By joining E Source, we look forward to continuing our valuable strategic work for clients, while being able to expand our reach and deepen our thought leadership delivery in the electric, water and gas utility sectors.”

ACP acquired E Source in June of 2019 and will continue to invest in strategic add-ons to broaden the Company’s offering of tech-enabled, data-driven solutions to help utilities effectively manage the infrastructure and customer sides of their business. Managing Partner Rob Langley, Partner Matt Iodice and Senior Associate Sarah Whitney worked alongside management on the transaction.