Cleveland- and Dallas-based Align Capital Partners has acquired a majority share of E Source, a provider of customer-focused research, data and consulting for utilities and their partners. The first institutional capital in the business is slated to help grow E Source’s existing portfolio of customer energy and customer experience solutions both organically and through add-on acquisitions.
Based in Boulder, Colo., 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. Porazzo will help E Source achieve strategic organic growth initiatives and execute upon a buy and build strategy.
Operating Partner David Perotti, Vice President Matt Iodice and Associate Corey Roe worked alongside Align Capital Partners Managing Partner and Co-Founder Robert Langley on the transaction.
