Priority Power Management, LLC

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Priority Power Management, LLC - overview

Established

2001

Location

Arlington, TX, US

Primary Industry

Power & Utilities

About

Priority Power Management, LLC is a US-based firm specializing in tailored energy management solutions to optimize energy usage and enhance operational efficiency for various clients. Founded in 2001, Priority Power Management, LLC operates primarily from Arlington, US, providing customized energy management services. The company has executed 4 different deals, the latest being a Secondary Buyout in July 2024, raising USD 250. 00 mn from Oaktree Capital Management, which brings the total amount raised to USD 250.


00 mn. The founders, John Norwood and Kirsten Wood, established the company focusing on energy optimization, while Brandon Schwertner currently serves as CEO. Priority Power specializes in a comprehensive suite of customized energy management solutions aimed at optimizing energy utilization and enhancing operational efficiency for its clients. The company’s core offerings include energy optimization services, energy infrastructure development, energy structuring services, and asset management services.


These solutions are designed to assist businesses in navigating the complexities of energy procurement, data management, and sustainability initiatives. Priority Power serves a diverse client base, which includes commercial, industrial, and institutional organizations across multiple geographical markets such as Texas, Illinois, and New York. Their end users benefit from expert guidance in energy strategy, resource conservation, and the implementation of renewable energy sources, empowering them to reduce their carbon footprint while maximizing cost efficiency. Priority Power's revenue model is structured around a service-based transaction framework that encompasses various energy management services.


The company engages in long-term contracts with clients, providing tailored solutions that may include utility bill audits, contract negotiations, and the management of energy infrastructure. These transactions typically involve direct B2B partnerships, where clients pay for ongoing consulting services, project implementation, and asset management. As part of its offerings, Priority Power’s flagship services leverage proprietary technology, ensuring clients have access to real-time data and analytics for informed decision-making. This robust service framework facilitates recurring revenue streams through continuous engagement and the management of energy assets, highlighting the company’s commitment to driving client success in the evolving energy landscape.


Following a recent acquisition by I Squared Capital in July 2024, Priority Power Management, LLC aims to expand into new markets across the U. S. The acquisition will facilitate the launch of new energy management products designed to enhance service offerings, with specific details on upcoming releases yet to be announced. The company plans to leverage the recent funding from the acquisition to support these expansion efforts.


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 TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedPriority Power Management, LLC-
Add-onCompletedAtlas Retail Energy-
Add-onCompletedAB Power Advisors-
Secondary BuyoutCompletedPriority Power Management, LLC-
Add-onCompletedSatori Energy Solutions LLC-

Displaying 1 - 5 of 8

Priority Power Management, LLC - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.