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Announced

Completed

Ara Partners-backed Priority Power completed the acquisition of Texas Power Consultants.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

United States

Acquisition

Completed

Private Equity

Domestic

Friendly

Energy / Utility Services

energy consulting

Private

Synopsis

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Ara Partners-backed Priority Power, an independent energy management services and consulting firm, completed the acquisition of Texas Power Consultants, a company offering energy advisory and consulting services to electric retail customers. Financial terms were not disclosed. “I have known and respected Jack and Victor, the Founders/Principals of TPC, for over 20 years going back to when we worked together at TXU, Oncor and its regulated predecessor companies before deregulation. TPC holds the same values as Priority in putting the customer first by maintaining objectivity and ensuring a high level of ongoing service. I am confident that we will further enhance the experience for TPC’s customers as they access Priority’s expanded service offerings and deep experience," John Bick, Priority Managing Principal.

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