E Source Acquires Leading Utilities Advisor Utilligent

CLEVELAND and DALLAS, September 20, 2023  |  Align Capital Partners’ (“ACP”) utility market intelligence, data science and solution services platform, E Source (the “Company”), has acquired Utilligent LLC (“Utilligent”). Utilligent is an operations and technology consulting firm guiding utility clients, including the largest investor-owned and municipal utilities in the US.

Utilligent brings deep utility expertise and a data-driven approach that furthers E Source’s capabilities in areas such as smart infrastructure, utility operations, technology & the digital utility and customer engagement. The acquisition adds incremental expertise in strategy and data transformation, program execution and organizational change management. Through this acquisition, E Source increases its employee count by 30%.

“As the 10th company acquired by E Source since 2020, Utilligent represents an important step in our commitment to helping every utility do the hard work it takes to become the Sustainable Utility — one that strives to be environmentally responsible, equitably delivers safe and reliable energy and is financially stable,” says E Source CEO Dave Perotti. “The integration of Utilligent’s capabilities, talent and expertise aligns with E Source’s client focus, and together, we believe that we are a stronger partner to help accelerate utilities’ transition to a sustainable future.”

Utilligent enables clients to execute on high impact technology transformation programs, achieve business goals and drive operational efficiency. Utilligent holds key leadership roles on two of the largest AMI efforts in North America (deploying over 14 million meters) and leads one of the largest pipeline integrity projects in the US.

“We aim to deliver on the promise and aspirations of our clients’ initiatives as they set out to improve their business, whether it’s a billion-dollar enterprise transformation effort or a quick-hit win,” says Utilligent founder and CEO Mike Bassignani. “Leveraging E Source’s experts, who, like Utilligent, are solely focused on helping utilities succeed, means we can together drive even more benefits to solve the industry’s toughest challenges.”

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.