Priority Power Management, LLC
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Priority Power Management, LLC - overview
Established
2001
Location
Arlington, TX, US
Primary Industry
Power & Utilities
About
Based in Texas, US, and co-founded in 2001 by John Bick, Priority Power Management, LLC operates as an energy management services and consulting firm that offers streamlined transitions and smart energy solutions to carbon neutrality. As of 2021, the firm served more than 6,700 clients across 31 US states and also has facilities in New York, Kansas, and Illinois, US. In July 2024, I Squared Capital agreed to acquire Priority Power Management, LLC from Ara Partners and Oaktree Capital Management. The firm provides a range of services related to power procurement, energy infrastructures, electrical transmissions, and sustainable energy solutions such as portfolio management, utility tariff audits, risk management, renewable energy supply, procurement, aggregation, utility data analysis, supplier bill audits, contract management, strategy development, and metering solutions to its customers.
Following its acquisition by I Squared Capital, Priority Power Management, LLC plans to expand into new markets in the US.
Current Investors
Oaktree Capital Management, Ara Partners
Primary Industry
Power & Utilities
Sub Industries
Consulting Services, Engineering, Power Generation Equipment & Services, Power Plant, Analytics & Performance Software
Website
www.prioritypower.com
Verticals
Cloud Computing, Infrastructure
Total Amount Raised
Subscriber access only
Priority Power Management, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Priority Power Management, LLC | - | ||||||||
| Add-on | Completed | Atlas Retail Energy | - | ||||||||
| Add-on | Completed | AB Power Advisors | - | ||||||||
| Secondary Buyout | Completed | Priority Power Management, LLC | - | ||||||||
| Add-on | Completed | Satori Energy Solutions LLC | - |
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