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Footprint Capital Advises Aspen Energy Corporation in Sale to Priority Power
Footprint Capital Advises Aspen Energy Corporation in Sale to Priority Power
Columbus, Ohio, May 6th, 2026 – Aspen Energy Corporation (“Aspen”) has been acquired by Priority Power Management, LLC (“Priority Power”), a Portfolio Company of I Squared Capital (“I Squared”). Footprint Capital, LLC, (“Footprint”) acted as the exclusive sell-side advisor in the transaction.
Founded in 2000, Aspen is a leading energy consulting and brokerage firm based in Dublin, OH that serves commercial and industrial clients across the United States. The firm has deep industry expertise and delivers customized procurement strategies, risk management solutions, and ongoing energy advisory services.
The acquisition expands Priority Power’s market presence and advisory capabilities as Aspen brings its strong reputation across Ohio and the broader Midwest of its client-first philosophy and helping organizations navigate complex and volatile energy markets. It establishes a stronger operational base for Priority Power as the Midwest is considered one of the nation’s most active and competitive energy markets and is considered a significant milestone in its regional expansion strategy.
Aspen will be fully integrated into Priority Power and the combined organization will deliver an integrated platform powered by advanced analytics, enhanced procurement capabilities, infrastructure expertise, and end-to-end operational support to meet the evolving needs of its energy consumers.
Stefaan Sercu, Chief Executive Officer of Priority Power, commented that “Aspen’s strong client relationships, deep roots in the Ohio and PJM markets, and alignment with our customer-first culture make them an excellent fit. This acquisition not only strengthens our regional footprint but also enhances our ability to offer clients a truly comprehensive suite of energy solutions: from procurement and risk management to infrastructure development and ongoing operational support.”
Jonathan Peele, Founder and CEO of Aspen commented, "Joining Priority Power allows us to build on that foundation by providing our clients with access to expanded resources, a broader range of services, and innovative energy solutions to help them succeed in an increasingly complex energy landscape.”
Peele also noted “Footprint did an outstanding job advising us through the sale of our company to Priority Power. The team brought a rare combination of industry knowledge, transaction experience, and detailed execution. The team had a strong understanding of our business, knew the market and key players, and were extremely analytical and detail-oriented throughout the process. I always felt well-advised, prepared, and confident in their guidance. I would highly recommend Footprint to any business owner considering a sale or strategic transaction.”
Rob Ouellette of Ice Miller served as Aspen’s primary legal counsel during the transaction.
Read the full Priority Power press release here.
ABOUT FOOTPRINT CAPITAL
Footprint Capital is a middle market investment bank with locations in Columbus, Ohio and Pittsburgh, Pennsylvania focused on advising owners and operators of privately held companies in the middle market. Footprint Capital’s services include sell-side and buy-side merger and acquisition advisory, private equity and family office deal origination services, ownership transition planning, debt advisory, and strategic management consulting. For more information, visit: www.footprintcapital.com.
ABOUT PRIORITY POWER MANAGEMENT, LLC
Founded in 2001 and headquartered in Houston, Texas, Priority Power is one of the nation’s largest independent energy solutions providers, managing over $1 billion in energy spend across 10,000+ client contracts in 40+ states. The company provides a fully integrated strategy that includes managing supply, offering infrastructure, operations, and advisory services to commercial and industrial clients. Supported by its proprietary PriorityView® platform the firm has real-time market intelligence and dedicated network operations centers, providing continuous monitoring and management of client energy assets. For more information, visit: www.prioritypower.com.
ABOUT I SQUARED CAPITAL
I Squared Capital, a Miami, FL based private equity firm, focuses on global infrastructure-related investments and building diverse portfolios across regions, industry, sectors, and capital structures. The firm has invested in 100+ companies operating across 115+ countries since inception in 2012 in the energy, utilities, transport and logistics, digital, environmental, and social sectors. For more information, visit: www.isquaredcapital.com.