Priority Power Announces Joe Loner Joining as Chief Financial Officer

Source: www.gulfoilandgas.com 9/8/2021, Location: North America

Priority Power Management, LLC (“Priority Power”), an independent energy services provider offering smart energy solutions and streamlined transitions to carbon neutrality, announced today that Joe Loner has joined as Chief Financial Officer. Priority Power is backed by funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a leader among global investment managers specializing in alternative investments, and Ara Partners Group ("Ara Partners"), a Houston-based private equity firm specializing in industrial decarbonization investments.

Mr. Loner brings over 15 years of relevant experience with a history of working with private equity-owned businesses in the power industry. Most recently, he was with GridLiance, a Blackstone-owned startup independent transmission company, where he was directly involved in its sale to NextEra Energy in 2021. Mr. Loner began his career at General Electric as part of its Financial Management Program, followed by numerous roles at AES, TPG-backed Nexeo Solutions and Panda Power Funds.

"Being on the frontlines of the energy transition, we need people who know the power industry inside and out and can help us guide our customers into this new world," said Brandon Schwertner, CEO of Priority Power. "Joe fits that description exactly, and we’re thrilled to be able to benefit from his expertise as we expand our client base and build on our strong financial position."

Mr. Loner commented, "I’m excited to join the leadership team at Priority Power and be a part of its important mission. I look forward to helping the company achieve continued success providing value and improving sustainability for our stakeholders."


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