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New Deal


Announced

Completed

Ara Partners-backed Priority Power completed the acquisition of Satori Energy.

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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Private

Completed

Renewable Energy Equipment

Domestic

Majority

United States

Single Bidder

Acquisition

Friendly

retail energy

Private Equity

Synopsis

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Ara Partners-backed Priority Power, an independent energy management services and consulting firm, completed the acquisition of Satori Energy, a privately-held full-service energy consulting firm. Financial terms were not disclosed. “By incorporating Satori’s geographic expertise and strong customer relationships, the combined company will have the best capabilities for advising clients on power needs, and assisting them in pursuing resilient and carbon neutral solutions. David Wiers is a true industry visionary, and we are very impressed by everything he and Satori have achieved. We are excited to welcome him and his team to Priority,” John Bick, Priority Power Managing Principal.

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