Priority Power Management, a company backed by Oaktree Capital Management and Ara Partners, has acquired the energy procurement, consulting and solar development business of Affordable Gas & Electric Company (AGE).
The acquisition of AGE’s solar development business increases Priority Power’s footprint in Midwest energy markets where Priority Power, through Satori Energy (acquired in 2021), operates in energy procurement and consulting.
Headquartered in Illinois, AGE’s energy management services business serves hundreds of municipalities, chambers of commerce, businesses and industrial clients throughout Illinois and Ohio. AGE offers a complete suite of energy management and solutions focused on energy transition and sustainability, in addition to community-solar programs, behind-the-meter solar solutions, co-generation solutions and other energy-efficiency services such as lighting retrofits.
“AGE’s energy procurement aggregation business and ener