Announced
Completed
Financials
Tags
Majority
Single Bidder
United States
Acquisition
Completed
Private Equity
Domestic
Friendly
Energy / Utility Services
energy consulting
Private
Synopsis
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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