Veteran Industry Dealmaker Joins Leading Energy And Power Management Company
HOUSTON and MIDLAND, Texas, March 18, 2019 /PRNewswire/ — Priority Power Management, LLC (“Priority” or the “Company”), an independent energy management services and consulting firm headquartered in Midland, Texas, today announced the hiring of Justin Courtney as Executive Vice President and Chief Financial Officer. Priority is backed by Ara Partners Group (“Ara Partners”), an industrial private equity firm that invests in companies with sustainable competitive advantages built upon greater resource efficiency.
Mr. Courtney brings to Priority over 22 years of relevant experience, with a focus on the power sector. Most recently, he was a Managing Director at Stephens Inc., where he completed 25 transactions across the deregulated power and natural gas landscape.
“We take our commitment to providing best-in-class energy advisory services to our customers very seriously,” said John Bick, Managing Principal at Priority. “Justin’s decades-long transaction experience speaks for itself. His ability to put clients first perfectly aligns with Priority’s commitment to its own customers.”
Padraig “Pat” Ennis, Founding Principal of Priority, added, “Our partnership with Ara Partners has accelerated the recruitment of top industry talent, such as Justin, allowing us to create an even more seamless experience for our clients. We are thrilled to have Justin as part of the team and expect he will be able to help us build new relationships and significantly expand our business.”
Mr. Courtney commented, “I have had the good fortune of getting to know John and Pat over the years and am excited to join a team that shares my passion for our rapidly evolving industry and that will undoubtedly put its clients first throughout this transition. I was honored to be selected to represent Priority in its capital raising process and am excited to join the Priority team to support the abundant growth opportunities ahead.”
Troy Thacker, Managing Partner at Ara Partners, said, “We are excited to have Justin join Priority as the Company enters its next phase of growth, and we continue to work to support John and Pat as they grow Priority through both organic and acquisition-led strategies.”
Priority, which was founded in 2001, navigates over 1,300 clients through complex and evolving energy procurement and management situations by offering innovative power solutions, including energy supply & risk management, demand response, and infrastructure solutions. Ara Partners announced its investment in Priority in February 2019.
About Priority Power Management
Priority Power Management, LLC acts as an extension of its clients’ staff to develop and implement strategies that mitigate risk and overcome challenges associated with managing energy data, supply, demand, and delivery infrastructure. Priority delivers financial and operational improvements to its clients as their trusted energy advisor. For more information on Priority, please visit www.prioritypower.net.
About Ara Partners
Ara Partners is an industrial private equity firm that invests in companies with sustainable competitive advantages built upon greater resource efficiency. Ara Partners takes a thematic approach to investing within the industrial, chemical and materials, and energy sectors by seeking to build businesses that are sustainable, resource efficient, and compliant with ESG principles. For more information on Ara Partners, please visit www.arapartners.com.
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SOURCE Ara Partners