Priority Power Announces Acquisition of Atlas Retail Energy
ARLINGTON, Texas & THE WOODLANDS, Texas–(BUSINESS WIRE)–Priority Power Management (“Priority Power”), one of the largest energy management services, procurement and energy infrastructure development and management companies in the United States, announced today that it has acquired the business of Atlas Retail Energy.
Atlas Retail Energy (“Atlas”) has established itself as a premier energy procurement organization in the Northeast serving customers across the United States. Over the past decade, Atlas has built a track record of creating strategic, customized solutions for large-scale energy end users. Using a proprietary, data-driven process, Atlas introduces transparency and creates efficiencies for over 425 clients’ energy management needs.
“Atlas Energy was built on strong business relationships and a focus on each client’s unique energy needs,” said Stephen Roberson, President of Atlas Retail Energy. “We are thrilled to be joining Priority Power and its accretive resources to help drive even more value for our existing and future customers.”
“We are excited to welcome Steve and his team to Priority Power, and we are positive that they will fit seamlessly within the culture we have built here,” said Brandon Schwertner, CEO of Priority Power. “ This acquisition allows us to expand in existing markets, grow into new markets and help all of our customers benefit from expanded resources.”
Through this acquisition, Atlas’ clients will have access to additional product and service offerings, operational enhancements and support, as well as industry expertise and access to unique industry insights via Priority Power’s proprietary pricing and data system.
Atlas will continue to operate in the marketplace as Atlas Retail Energy, powered by Priority Power.
About Priority Power
Priority Power is an innovative energy management services, procurement and energy infrastructure development and management firm focused on delivering sustainable energy solutions to over 8,500 commercial and industrial clients in roughly 45 states, helping clients optimize their energy use and procure reliable and sustainable energy at competitive prices. Priority Power has been a trusted industry leader for over 20 years and is continuing to grow and evolve to meet the changing energy landscape.
Priority Power, backed by funds managed by Oaktree Capital Management and Ara Partners, serves over 8,500 clients, totaling $3.0+ billion in energy spend across nearly every industry and vertical and has well over $400 million of energy infrastructure projects completed, and over $1 billion in energy infrastructure projects in development. For more information on Priority Power, please visit www.prioritypower.com or Atlas at https://atlasretailenergy.com/
Contacts
Katherine Tappan
Investor Relations
501-951-5282
