Key Takeaways
- • E Source, a Align Capital Partners portfolio company, has acquired Aneden Consulting in its fifteenth acquisition since partnering with the private equity firm, expanding its grid engineering and interconnection capabilities.
- • Aneden, founded in 2017, specializes in interconnection studies and compliance work for power producers, utilities, independent power developers, and renewable energy companies navigating grid connection requirements.
- • The acquisition directly addresses growing market demand as interconnection queues lengthen and electricity demand rises, combining E Source's research, data, and engineering expertise with Aneden's interconnection and compliance reputation.
- • E Source CEO Joe Eazor cited Aneden's reputation for responsiveness in an increasingly complex interconnection environment as a key driver of the transaction; Aneden founder Olu Fagbemiro emphasized the combined teams' potential to deliver greater client impact.
- • Legal advisors included McGuireWoods for E Source and Westbury Group and Taft for Aneden; no transaction value was disclosed.
Summary
E Source, a Boulder-based consulting firm backed by Align Capital Partners, has acquired Aneden Consulting, marking the fifteenth acquisition for E Source since the private equity partnership began. E Source provides research, data analysis, and engineering services to electric and gas utilities on pricing strategy, customer program design, and grid infrastructure planning. The acquisition bolsters E Source's grid engineering and interconnection practice at a time when utility operators face extended interconnection queues and surging electricity demand.
Aneden Consulting, founded in 2017, provides specialized interconnection and compliance advisory services to power producers, utilities, independent power producers, and renewable energy developers. The firm guides clients through interconnection studies and the regulatory compliance requirements governing how new generation facilities connect to the electrical grid. Joe Eazor, E Source's chief executive, emphasized that Aneden has established a strong market reputation for responsiveness amid rising complexity in interconnection processes. Olu Fagbemiro, Aneden's founder and chief executive, noted that combining the two firms' capabilities will enable them to deliver greater impact for shared clients navigating grid modernization and renewable integration.
The transaction represents Align Capital's continued investment in E Source's growth strategy through add-on acquisitions. The deal was advised by McGuireWoods for E Source, while Westbury Group and Taft represented Aneden Consulting. No transaction value was disclosed in the announcement.
Aneden Consulting, founded in 2017, provides specialized interconnection and compliance advisory services to power producers, utilities, independent power producers, and renewable energy developers. The firm guides clients through interconnection studies and the regulatory compliance requirements governing how new generation facilities connect to the electrical grid. Joe Eazor, E Source's chief executive, emphasized that Aneden has established a strong market reputation for responsiveness amid rising complexity in interconnection processes. Olu Fagbemiro, Aneden's founder and chief executive, noted that combining the two firms' capabilities will enable them to deliver greater impact for shared clients navigating grid modernization and renewable integration.
The transaction represents Align Capital's continued investment in E Source's growth strategy through add-on acquisitions. The deal was advised by McGuireWoods for E Source, while Westbury Group and Taft represented Aneden Consulting. No transaction value was disclosed in the announcement.
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