Priority Power Management LLC
Description
Closed on an investment from funds managed by Oaktree Capital Management LP and other select institutional investors. Ara Partners, a Houston-based private equity firm specializing in industrial decarbonization investments that acquired Priority Power in 2019, will also continue to hold an ownership stake. Proceeds will be used to bolster its comprehensive energy solutions designed to address customer specific goals while considering the economic and sustainability benefits of electricity delivered to and behind the meter.