Priority Power Management, an independent energy management services and consulting firm headquartered in Midland, Texas, received an investment from Ara Partners Group, an industrial private equity firm.
The financial terms of the transaction were not disclosed.
The company intends to use the proceeds to continue to grow through both organic and acquisition-led strategies.
Founded in 2001 and led by John Bick, Managing Principal, and Padraig “Pat” Ennis, Founding Principal, Priority Power has over 1,300 clients through complex and evolving energy procurement and management situations by offering power solutions, including energy supply & risk management, demand response, and infrastructure solutions.
The Board of Directors of the company now includes Mr. Bick and Mr. Ennis, members of Ara, and Brandon Schwertner, Founder and Managing Partner of Teleios Commodities.