Priority Power Management (Priority Power), a specialist in energy optimisation and infrastructure and a portfolio company of Ara Partners and OakTree Capital Management, has acquired the regulatory advisory experts and Texas-based renewable energy offtake and consulting business of AB Power Advisors.
Terms of the transaction have not been disclosed.
This transaction is Priority Power’s third major acquisition in the past 18 months, and its second in the past 60 days.
AB Power Advisors is known for its proprietary regulatory coverage of the ERCOT market, as well as their successful track record commercialising renewable generation projects to support the nations’ growing ESG and carbon reduction goals for large commercial and industrial customers.
In 2021, Priority Power acquired Satori Energy, a leader in energy procurement and consulting throughout the United States. Earlier this summer, Priority Power acquired AGE, an energy management services and solar development firm that serves hundreds of municipalities, Chambers of Commerce, businesses and industrial clients throughout Illinois and Ohio.
