I Squared Capital to acquire Priority Power from Ara Partners and Oaktree Capital Management.

I Squared Capital, an independent global infrastructure investment manager, agreed to acquire Priority Power, an independent provider of energy management services and infrastructure solutions, from Ara Partners, a global private equity firm, and Oaktree Capital Management, a private equity firm. Financial terms were not disclosed. “Priority Power has proven itself to be a valued partner for customers seeking to reduce costs, manage volatility and progress sustainability goals as they navigate the increasingly complex power market. As access to grid interconnections has become increasingly challenging, Priority Power has been leading the movement to build private transmission and distribution assets to support continued growth for its customers,” Gautam Bhandari, I Squared Capital Chief Investment Officer and Managing Partner.