I Squared Capital has agreed to acquire Priority Power Management, one of the largest independent providers of energy management services and infrastructure solutions for commercial and industrial customers.
I Squared Capital, operating through its ISQ Global Infrastructure Fund III, is acquiring Priority Power from Ara Partners Group, Oaktree Capital Management and certain other shareholders. Financial terms were not disclosed.
Based in The Woodlands, Texas, Priority Power offers a wide range of energy services, including energy procurement, risk management, interconnection services and renewable-energy solutions. Through its infrastructure services group, Priority Power addresses power availability constraints by designing and constructing private transmission and distribution assets, enabling customers to reduce costs and accelerate their expansion plans. Since 2017, the company’s sustainable infrastructure assets have enabled clients to avoid emitting 8.8 million
