I Squared Capital (I Squared), a global infrastructure investment manager, announced that it has entered into an agreement to acquire Priority Power Management, LLC. (Priority Power), one of the largest independent providers of turnkey energy management services for commercial and industrial customers across more than 40 US states. I Squared’s Global Infrastructure Fund III will acquire Priority Power from Ara Partners, Oaktree Capital Management, L.P., and certain other shareholders.

Latham & Watkins LLP represents Priority Power in the transaction with a corporate deal team led by Houston partners James Garrett and Ryan Maierson, with associates Denny Lee, Zainab Hashmi, Jeff Serfass, Braydon Jones, Stacey Hall, and Eugenio Enrique Ascanio Carrera. Advice was also provided on tax matters by Houston partner Jim Cole, with associates Nolon Blaylock and Molly Elkins; on benefits matters by Century City/Bay Area partner Julie Crisp, with associate Julia Lee; on regulatory matters by Washington, D.C. partner Natasha Gianvecchio, with associate Richard Griffin; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associate Ryan Clore; on data privacy matters by Houston/Austin counsel Robert Brown, with associate Kiara Vaughn; on finance matters by Boston partner Susan Parker, with associate Maggie Guidotti;* on labor and employment matters by Chicago partner Nineveh Alkhas; on antitrust matters by Washington, D.C. partners Lindsey Champlin and Jason Cruise, with associates Andrew Paik and Christina Lantuh; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Nolan Fargo; on real estate matters by New York partner Mark Semotiuk and New York counsel Lisa Brabant; on anti-corruption matters by Washington, D.C. partner Brian Kowalski; on CFIUS matters by Washington, D.C. partner Jim Barker; on insurance matters by San Diego/Los Angeles counsel Hannah Cary; on litigation matters by Bay Area partner Nicole Valco; and on additional corporate matters by associates Jameson Miller and David Lee.