PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Priority Power secures significant investment from Ara Partners

Ara Partners Group (Ara) has made a significant investment in Priority Power Management (Priority), a Texas-based independent energy management and consulting services firm.

Financial terms of the transaction have not been disclosed.
 
“Priority is excited to welcome Ara as a significant new investor,” says John Bick, Managing Principal at Priority. “Ara is committed to our company’s strategic growth initiatives and our focus on developing and deploying strategies of integrating an optimised mix of power supply, risk management, demand response, distributed generation, and smart grid technologies to our large and expanding customer base.”
 
Priority, which was founded in 2001, navigates over 1,300 clients through complex and ever-evolving energy markets by offering innovative power solutions, including energy supply, risk management, demand response, and private infrastructure solutions.
 
Troy Thacker, a Managing Partner at Ara, says: “Our investment in Priority Power reflects the best-in-class customer service that Priority Power has exhibited throughout its 18-year history. Priority’s efficient energy and risk management solutions and advocacy for its customers – often as a virtual extension of their staff – has enabled the company to grow to managing over 11 terawatt hours (TWh) of energy annually. We are excited to help John and Pat continue to build Priority through both organic and acquisition-led strategies.”
 
Padraig “Pat” Ennis, Founding Principal of Priority, adds: “We are confident that this investment from Ara will take Priority into the next stage of its growth, allowing us to extend our reach into new markets while continuing to provide world-class service to our existing customers. As we mark this significant milestone, which will enhance both our sources and access to capital, we also want to thank our dedicated employees and customers for their longstanding support.”
 
The Board of Directors of Priority will now include Bick, Ennis, members of Ara, and Brandon Schwertner, Founder and Managing Partner of Teleios Commodities.
 
Schwertner says: “Priority Power is a company I have known, been a customer of, and respected for over a decade. I believe Priority Power is well positioned to participate in the ongoing energy transition. They have both the depth and breadth of experience to provide solutions that integrate renewable and low-carbon sources with traditional energy sources.”

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured