M&A Deal Summary

I Squared Capital Acquires Priority Power

On July 30, 2024, infrastructure investor I Squared Capital acquired business services company Priority Power from Ara Partners

Acquisition Highlights
  • This is I Squared Capital’s 3rd transaction in the Business Services sector.
  • This is I Squared Capital’s 11th transaction in the United States.
  • This is I Squared Capital’s 5th transaction in Texas.

M&A Deal Summary
Date 2024-07-30
Target Priority Power
Sector Business Services
Buyer(s) I Squared Capital
Sellers(s) Ara Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies
BMO Capital Markets (Financial)
Latham & Watkins (Legal)

Target

Priority Power

Arlington, Texas, United States
Priority Power is an independent energy management and consulting services firm to large commercial and industrial customers. PPM develops and implement strategies that mitigate risk and overcome сhallenges associated with managing energy data, supply, demand and delivery infrastructure. Priority Power was founded in 2001 and is based in Arlington, Texas.

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Buyer(S) 1

Buyer

I Squared Capital

Investor Investor Investor

Category Infrastructure
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

I Squared Capital is a global infrastructure investment manager focusing on energy, utilities, and transportation assets in North America, Europe, and select high growth economies. I Squared Capital was established in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 37 of 37
Sector (Business Services) 3 of 3
Type (Secondary Buyout) 6 of 6
State (Texas) 5 of 5
Country (United States) 11 of 11
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-30 Aurora

London, United Kingdom

Aurora is an Independent Distribution Network Operator (IDNO), regulated by Ofgem, which owns and operates last-mile electricity distribution networks across the UK. Aurora is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Ara Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2017
Size Small
Type Sector Focused
DESCRIPTION

Ara Partners Group is an alternative asset manager focused on control investments in the industrial, chemicals, materials, and energy sectors. The Firm looks to invest in and build companies that will benefit from the transition to sustainable energy. Ara Partners Group was formed in 2017 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 Circulus

Houston, Texas, United States

Circulus utilizes cutting-edge technologies to transform olefin plastics into resins suitable for various commercial and industrial applications. Circulus is based in Houston, Texas.

Sell -
Mergr

Product

Company

Legal