MIDLAND, Texas & GRAND PRAIRIE, Texas--(Priority Power Management, LLC (“PPM”), a Texas-based independent energy management and consulting services firm, has acquired the energy management and advisory services (“EAS”) business unit of THG Energy & Technology Solutions, LLC (“THG”).)--
“We are extremely excited to have the opportunity to add such a fine organization and diverse customer base to PPM”
The THG EAS business unit, with offices in Fort Worth, Texas, provides professional energy management and advisory services to commercial and industrial end use customers. These services include energy supply procurement and management, risk management, utility bill auditing and processing, and energy data management.
As a part of the transaction, all THG EAS business unit employees will become employees of PPM. Mike Brasovan, President of THG’s EAS business unit, will join PPM as Executive Vice President. Customers of THG EAS will continue to receive best in class energy management and advisory services from the combined organization. Additionally, PPM will continue to utilize THG’s TUX system, a proprietary web-enabled utility management and data processing system, to provide utility bill auditing, analysis, and reporting services.
“We are extremely excited to have the opportunity to add such a fine organization and diverse customer base to PPM,” said John Bick, Managing Principal of PPM. “This acquisition furthers our goal of continued measured growth, while maintaining the highest quality of energy management services to our clients in a professional and ethical manner.”
“PPM is a well-respected and recognized leader in energy management and advisory services,” said Mike Brasovan. “The culture and high quality of services that PPM provides to its clients was a key determining factor in us joining PPM. We believe that THG EAS customers, as well as PPM customers, will benefit from a stronger and deeper set of experienced energy professionals in the combined organization.”
About Priority Power Management
Priority Power Management, LLC (www.PriorityPower.net) is a leading Texas-based independent energy management and consulting services firm to large commercial, industrial and government customers. Priority Power Management provides unbiased and objective energy management services in the areas of energy information, supply and risk management and demand-side management. Since its establishment in 2001, Priority Power Management has grown to procure and managed approximately $1 billion of annual energy spend on behalf of clients from its offices in Midland/Odessa, Dallas/Fort Worth, Houston and Abilene.
About THG Energy & Technology Solutions, LLC
THG Energy and Technology Solutions, LLC is based in Tulsa, OK. THG provides a web based energy management services (EMS) portal for large multi-facility commercial energy clients across the United States. THG also provides a private label EMS web portal to a number of intermediary parties. These parties include energy suppliers, brokers, consultants, and utilities.