I Squared Capital Acquires Priority Power from Ara Partners and Oaktree

Oaktree Leads $250M Investment in Priority Power

September 1, 2021

Energy

Funds managed by Oaktree Capital Management, together with other institutional investors, are making a $250 million investment in Priority Power, an independent energy services provider focused on decarbonization and grid solutions. Ara Partners, Priority Power's financial sponsor since 2019, will remain an owner as the capital is used to accelerate deployment of renewable generation, battery storage and other smart energy solutions across North America.

I Squared Capital Acquires Majority Interest in Whistler Pipeline

February 16, 2023

Oil & Gas

I Squared Capital, via its ISQ Global Infrastructure Fund III, has acquired a controlling majority interest in the Whistler Pipeline from a group including First Infrastructure Capital, Ridgemont Equity Partners, affiliates of West Texas Gas, affiliates of Stonepeak Partners and the WhiteWater management team. The Whistler Pipeline is a major natural gas transmission system linking the Permian Basin to Gulf Coast LNG facilities, Mexico and other Gulf Coast demand, with most capacity contracted under long-term, fixed-fee commitments.

Priority Power Management Acquires EE Partners Ltd.

September 4, 2019

Energy

Priority Power Management, an Ara Partners-backed energy management and consulting firm, has acquired EE Partners Ltd., a Midland, Texas-based specialized electrical engineering and technical services provider. The acquisition strengthens Priority's electric infrastructure capabilities — including microgrid development and a custom SCADA platform — and expands its asset management and monitoring services.

Priority Power Acquires Texas Power Consultants

November 9, 2020

Energy

Priority Power Management, a PE-backed energy management and consulting firm, has acquired Texas Power Consultants (TPC), an energy advisory firm headquartered in Tyler, Texas. The acquisition expands Priority's geographic footprint into East Texas, adds TPC's long-standing client base, and enhances Priority's capability to guide customers on demand response, resiliency, solar and battery solutions; Priority is backed by Ara Partners.

ArcLight Capital Partners Acquires Advanced Power

July 24, 2025

Energy

ArcLight Capital Partners has acquired Advanced Power and committed an initial $1 billion equity investment to accelerate development of modern power infrastructure. The partnership could deploy more than $5 billion over five years to support over 20 GW of new generation and 10+ GWh of storage, targeting utilities, data center developers and hyperscalers across North America.

Priority Power Acquires Energy Procurement and Solar Development Business of Affordable Gas & Electric (AGE)

August 23, 2022

Energy

Priority Power Management, Inc. has acquired the energy procurement, consulting and solar development business of Affordable Gas & Electric Company, LLC (AGE). The acquisition expands Priority Power's footprint in the Midwest and bolsters its solar development capabilities; AGE's business serves hundreds of municipalities and more than 125,000 residential and 1,000 commercial customers.