Round Type
Venture
Description
Priority Power Management, LLC (“Priority Power”), an independent energy services provider offering smart energy solutions and streamlined transitions to carbon neutrality, announced today a $250 million investment from funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and other select institutional investors. Ara Partners, a Houston-based private equity firm specializing in industrial decarbonization investments that acquired Priority Power in 2019, will continue to hold an ownership stake.
Quick answer
Priority Power raised an undisclosed amount in a funding round, dated September 1, 2021. Priority Power is based in The Woodlands, Texas, United States.
- How much did Priority Power raise?
- Priority Power raised an undisclosed amount in a funding round on September 1, 2021.
- What does Priority Power do?
- Priority Power, backed by Oaktree Capital Management and Ara Partners, serves over 7,000 clients, totaling $2.7 billion in energy spend, across nearly every industry and vertical, and has well over $230 million of..
- Where is Priority Power based and how big is it?
- Priority Power is based in The Woodlands, Texas, United States.
Source: Fundz verified event record.
Who else raised in Energy and Oil And Gas around the same time
Companies in the same sectors as Priority Power that raised within 45 days of this round, from Fundz verified event records.
- Energy Vault raised $100M (Series C) on August 25, 2021.
- Guess? raised an undisclosed amount on October 13, 2021.
- Aceleron Energy Ltd raised $3.3M (Seed) on October 15, 2021.
- Tynt Technologies raised $8.5M (Seed) on October 13, 2021.
- Li Cycle raised $100M on September 29, 2021.
- Instream Energy Systems Corp. raised $600K (Seed) on September 29, 2021.
Who to call at Priority Power, and when
A new round usually means Priority Power is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Priority Power raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Priority Power, from your own LinkedIn network
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Fundz sees it the moment Priority Power raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Priority Power raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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