E Source Expands Services with Acquisition of Opinion Dynamics
The acquisition strengthens E Source's energy efficiency, electrification, and grid-edge solutions by adding comprehensive program evaluation capabilities.
E Source, a customer-focused technology solutions company specializing in the utility sector, has successfully acquired Opinion Dynamics, a prominent firm dedicated to program evaluation and advisory services. This strategic move enhances E Source's offerings, allowing them to provide holistic utility customer solutions, from initial planning to in-depth program evaluation and advisory services. This acquisition solidifies E Source's status as a leading partner in the industry.
With over 35 years of expertise, E Source empowers utilities to tackle challenging issues through insightful data and strategic advice. The integration of Opinion Dynamics significantly advances E Source's proficiency in assessing programs related to grid-edge technologies, including energy efficiency, building electrification, and strategies for decarbonization and load management.
Opinion Dynamics contributes a team of diverse professionals, including social scientists, economists, engineers, and data analysts. This team is recognized for its innovative approaches and superior portfolio management, delivering valuable insights to utilities and regulatory bodies across North America. Their expertise amplifies E Source's platform for evidence-based and customer-centered solutions that meet both current and future grid challenges.
Joe Eazor, the CEO of E Source, articulated the significance of this acquisition, stating, "This acquisition marks a pivotal step in our growth strategy and the evolution of our utility partnerships. By combining our strategic advisory capabilities with the unparalleled evaluation expertise of Opinion Dynamics, we can effectively support utilities throughout every stage of their program lifecycle, ensuring insightful execution and measurable outcomes."
Bill Norton, President of Opinion Dynamics, expressed that after 37 years of independent growth, this acquisition accelerates their expansion plans, enhances staff development, and broadens their client-focused services. They remain dedicated to delivering exceptional evaluation, research, and advisory solutions at the intersection of customer needs and grid functionality.
This merger, supported by Align Capital Partners, is a vital component of E Source's ambitious strategy aimed at fostering innovation and transformation in the utility industry. By attracting top talent and enhancing their service offerings through targeted acquisitions, like that of Opinion Dynamics, E Source lays a strong foundation for future growth.
Advisors: McGuireWoods LLP served as legal counsel for E Source, while Opinion Dynamics was represented by FOCUS Investment Banking and Saul Ewing LLP.
About E Source
E Source merges leading technology solutions with robust customer engagement strategies to assist utilities in making informed decisions that positively influence their customers and their sustainability efforts. The company is based in Boulder, CO with additional teams across the United States and Canada.
About Opinion Dynamics
Opinion Dynamics is recognized for delivering precise and actionable insights into energy consumption patterns. With a commitment to energy efficiency and transportation electrification, they provide unparalleled expertise in demand-side utility services. Their headquarters is located in Massachusetts, with offices in California, Oregon, and other locations nationwide.
Media Contact
Adarsh Nalam, Director, Solutions Marketing and Communications
SOURCE E Source Companies LLC
Frequently Asked Questions
What is the recent acquisition by E Source?
E Source has acquired Opinion Dynamics, enhancing its utility program evaluation capabilities.
How does this acquisition benefit E Source?
This acquisition strengthens E Source's offerings in energy efficiency, electrification, and comprehensive program evaluation services.
What is the goal of E Source with this acquisition?
The goal is to enhance utility customer solutions and solidify its position as a primary partner in the utility sector.
Who are the key players involved in this acquisition?
The key figures include Joe Eazor, CEO of E Source, and Bill Norton, President of Opinion Dynamics.
What expertise does Opinion Dynamics bring to E Source?
Opinion Dynamics brings a multidisciplinary team skilled in social sciences, economics, engineering, and data analysis, enhancing E Source's service offerings.
