Priority Power Management (Priority Power), an independent energy services provider, has secured a USD250 million investment from funds managed by Oaktree Capital Management (Oaktree) and other select institutional investors.

Ara Partners, a Houston-based private equity firm specialising in industrial decarbonisation investments that acquired Priority Power in 2019, will continue to hold an ownership stake.

“Oaktree is excited to partner with Priority Power and Ara Partners to accelerate Priority Power’s deployment of innovative energy solutions that enable customers to secure energy resources reliably and economically while contributing to grid stability, advancing their adoption of renewable energy, and achieving their sustainability goals.”

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Source: Private Equity Wire