.
MergerLinks Header Logo

Announced

Completed

Ara Partners-Backed Priority Power Closes Acquisition of EE Partners.

Financials

Edit Data
Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Engineering Consulting

Private Equity

Private

United States

multi-technical services

Completed

electrical engineering

Acquisition

Single Bidder

Synopsis

Edit

Priority Power Management, an independent energy management services and consulting firm, acquired EE Partners. Priority is backed by Ara Partners Group, an industrial private equity firm that invests in companies with sustainable competitive advantages employing greater resource efficiency. Financial terms were not disclosed. EEP, headquartered in Midland, Texas, offers specialized electrical engineering and technical services. EEP will strengthen Priority's electric infrastructure solutions, including the development of private microgrids that deliver optionality to customers. "We have worked alongside EE Partners for many years serving many of the same customers. EE Partners brings incremental technical resource additions to our team. Together with Charlie Adams and his team, I am confident we can further enhance our service offering to our joint existing customer base, as well as new prospective customers."John Bick, Managing Principal at Priority.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US