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- I Squared Capital Acquires Priority Power Management
I Squared Capital Acquires Priority Power Management
Slice of Energy Team
August 05, 2024
Key Highlights:
I Squared Capital acquires Priority Power Management, a leader in energy management services.
Priority Power serves commercial and industrial clients across 40+ U.S. states.
The acquisition aims to support growth, resiliency, and sustainability in the power sector.
Source (Business Wire)
Notable Quotes:
"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."
"Partnering with I Squared will position Priority Power to further accelerate our growth and deliver even greater value for our customers, shareholders, and employees."
Our Take:
The acquisition of Priority Power Management by I Squared Capital marks a significant step in the expansion of innovative energy solutions across the United States. By integrating Priority Power's robust service offerings with I Squared’s strategic investment approach, the partnership is poised to address the growing challenges of energy pricing, grid reliability, and sustainability. This move underscores the critical role of private investment in bolstering national infrastructure and promoting economic growth, particularly in high-demand sectors such as data centers and manufacturing. With Priority Power's expertise and I Squared’s resources, this collaboration is set to drive substantial advancements in energy management and infrastructure development.