Energy management services and consulting firm Priority Power Management has acquired EE Partners (EEP), an electrical engineering and technical services company. Both Priority and EEP are headquartered in Midland, Texas. Priority is backed by industrial-focused private equity firm Ara Partners Group.
“The acquisition of EEP is an important step in Priority’s growth and we’re pleased to support Priority’s management as it executes on its long-term strategic plan,” Troy Thacker, managing partner at Ara Partners, said.
Through the acquisition, Priority will earn a boost to its electric infrastructure solutions, including those related to the development of private microgrids. The firm will also take advantage of EEP’s supervisory control and data acquisition (SCADA) system, which will allow for better and more accurate control of remote processes and data analysis. EEP’s SCADA will specifically serve Priority’s asset management solutions, such as monitoring high-voltage substation performance and large distribution networks.
“We have worked alongside EE Partners for many years serving many of the same customers,” John Bick, managing principal at Priority, said. “EE Partners brings incremental technical resource additions to our team. Together with Charlie Adams and his team, I am confident we can further enhance our service offering to our joint existing customer base, as well as new prospective customers.”
“I am excited to join forces with Priority and pool together the resources of our organizations to add complementary services to our shared customers,” Adams, a professional engineer at EEP, added. “I am proud of the EEP team and look forward to continuing their growth and development.”
Priority was founded in 2001. The firm has more than 1,300 clients and offers services in areas such as energy supply and risk management, demand response, and infrastructure solutions. Its goal is to maintain power quality, reduce outages, and provide safe and reliable power delivery to customers.
Ara Partners, which is based in Houston, Texas, invested in Priority in February 2019. The firm invests almost solely in companies operating within the industrial, chemical and materials, and energy efficiency sectors. Its goal is to build businesses that are sustainable and compliant within environmental, social, and corporate governance (ESG) principles.