Oaktree Capital to invest $250m in Priority Power.

Oaktree Capital, an investment company, agreed to invest $250m in Priority Power, an independent energy services provider. Ara Partners, a Houston-based private equity firm, will continue to hold an ownership stake. “Oaktree has played a significant role in the electricity markets for the past two decades. As a result of this investment, we will be able to stay ahead of the ramping demand for decarbonization, and as a result our clients will benefit. We are honored to add Oaktree as a partner, alongside our existing financial sponsor, Ara Partners," Brandon Schwertner, Priority Power CEO.