Priority Power Welcomes Significant Investment from Ara Partners – Business Wire


MIDLAND, Texas & ARLINGTON, Texas–()–Priority Power Management, LLC (“Priority”), a Texas-based leading
independent energy management and consulting services firm, announced
today that Ara Partners Group (“Ara”) has made a significant investment
in Priority. Financial terms of the transaction were not disclosed.

“Priority is excited to welcome Ara as a significant new investor,” said
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 optimized 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, commented, “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, added “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 Mr. Bick, Mr. Ennis,
members of Ara, and Brandon Schwertner, Founder and Managing Partner of
Teleios Commodities.

Mr. Schwertner commented, “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.”

Priority was represented by Stephens Inc., serving as the exclusive
financial advisor, with legal representation from The Pouls Law Firm,
PLLC, and Baker Botts L.L.P.

About Priority Power Management

Priority Power Management, LLC acts as an extension of its clients’
staff to develop and implement strategies that mitigate risk and
overcome challenges associated with managing energy data, supply,
demand, and delivery infrastructure. Priority Power delivers financial
and operational improvements to its clients as their trusted energy
advisor.
For more information on Priority Power, please visit www.prioritypower.net.

About Ara Partners

Ara Partners is an industrial private equity firm that invests in
companies with sustainable competitive advantages built upon greater
resource efficiency.
Ara Partners takes a thematic approach to
investing within the industrial, chemical and materials, and energy
sectors by seeking to build businesses that are sustainable, resource
efficient, and compliant with ESG principles.
For more
information on Ara Partners, please visit
www.arapartners.com.



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