Priority Power Management’s goal of becoming the preeminent force in energy management services took a significant step forward with the purchase of Chicago-based Satori Energy Solutions, according to Business Wire.
David C. Wiers, who serves as the founder and president of Satori, will join the Priority Executive Management Team, playing an important role in the company moving forward. Satori was named The Energy Professional Association’s Broker of the Year in 2015, 2017 and 2020 earning the distinction of being the only three-time winner. It has received accolades for its work in helping clients reduce greenhouse gas emissions, Business Wire reported.
Satori was one of the first energy service firms to emerge after deregulation. It currently provides expertise and services to more than 55,000 clients spanning 25 states and the District of Columbia, Mexico and Canada. Satori’s capabilities range throughout the spectrum from Contact administration, energy and invoice auditing to utility accounts. Its work in greenhouse emissions is notable as it has enabled its clients to avoid more than 6.8 million metric tons of greenhouse gas emissions.
“The addition of Satori is consistent with our and our financial partner Ara Partners’ vision to create the leader in climate-conscious power solutions on a national basis,” John Bick, managing principal at Priority said. “By incorporating Satori’s geographic expertise and strong customer relationships, the combined company will have the best capabilities for advising clients on power needs and assisting them in pursuing resilient and carbon neutral solutions. David Wiers is a true industry visionary, and we are very impressed by everything he and Satori have achieved. We are excited to welcome him and his team to Priority.”
Priority is backed on its purchase by Ara Partners, a private equity firm specializing in decarbonization investments in an array of sectors that includes chemicals and materials to food and agriculture.