How many acquisitions has E Source made so far?

E Source has completed 12 acquisitions so far.

Which is E Source's latest acquisition?

E Source's most recent acquisition is Opinion Dynamics, a Demand response solutions for industries, acquired in August 2025.

Which sectors does E Source target for acquisitions?

Most of E Source's acquisitions are in Smart Grid (3) and Energy Efficiency Tech (2).

List of 12 Acquisitions by E Source (Apr 2026)

E Source has completed a total of 12 acquisitions. The peak acquisition years were 2020 with 4 acquisitions, and 2025 and 2023 with 2 acquisitions each. Acquisitions have occurred across 9 sectors, notably Smart Grid (3), Energy Efficiency Tech (2), and Property Management Tech (2). Activity has been recorded in 1 country, with the United States accounting for 10 acquisitions. Over the last five years (2020–2025), the average number of acquisitions per year was 1.4. There have been 0 acquisitions completed in the current calendar year. The most recent acquisition was Opinion Dynamics in August 2025. Founded in 1987 in Waltham, the company specializes in demand response solutions for industries.

Here's the year on year acquisition history of E Source:

Number of Total Acquisitions

Year	# Acquisitions
2025	2
2023	2
2022	1
2021	2
2020	4
2008	1

View all Acquisitions by E Source

Recent acquisitions by E Source

E Source's most recent acquisition - Opinion Dynamics is a Demand response solutions for industries, founded in 1987 and located in Waltham. E Source acquired it in August 2025 for a price of $*****.

Here is the list of all acquisitions by E Source sorted by the latest acquisition date:

Acquired on	Acquired Company	Acquisition Price	Facilitators	Stake Acquired	Acquisition Multiple
Aug 19, 2025	Opinion Dynamics	i{we	gytk	42	989
May 06, 2025	Illumeadvising	yjve	mrqe	15	743
Nov 28, 2023	UMS Group	sfdm	nwqc	41	762
Sep 18, 2023	Utilligent	rzwk	pgmo	68	708
Jul 14, 2022	DEFG	nc{v	vv{g	79	460