Leading Energy & Power Management Company Hires Veteran Industry
Dealmaker
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.
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Justin Courtney, Executive Vice President and Chief Financial Officer (Photo: Business Wire)
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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