Through a Capital Partnership with Orion Energy Partners
Conroe, Texas: Python Holdings, LLC (“Python”) has secured a $75 million commitment through a capital partnership with Orion Energy Partners (“Orion”).
The capital investment allows Python and its subsidiary, Patriot Power Group (“PPG Energy”), to initially acquire three 30-megawatt mobile gas turbines (the “Turbines”) which grow PPG Energy’s power generation portfolio and compliment PPG Energy’s existing service platform. PPG Energy will utilize the Turbines to provide power and associated services to a contracted customer.
“The partnership with Orion is a big step forward for Python” says Python Managing Partner, Jason Arcemont. “Assets like these, combined with the industry knowledge of our team and Orion’s deep roots in energy infrastructure, make our platform a major player in the specialized power generation space.”
“We are excited to partner with Python to expand its mobile power generation platform,” said Chris Leary, Investment Partner at Orion. “Orion’s capital complements Python’s experience servicing and operating power generation assets and creates a compelling opportunity for Python to pursue a variety of flexible, distributed power applications.”
Now that the Python and Orion partnership is fully in place, both parties intend to grow the power generation portfolio to support increasing demand for modular and semi-permanent power solutions.
About Python Holdings, LLC: Python Holdings is an industry agnostic venture studio founded in Houston, Texas with a focus on investing in and co-creating powerful brands. By leveraging its extraordinary team to build successful businesses, Python has developed a repeatable model that is unmatched in time to market, market growth and margin sustainability. For more information, please visit pythonholdingsllc.com.
About Orion Energy Partners: Orion Energy Partners is a leading private credit and equity capital partner supporting middle market infrastructure and related companies focused on energy transition and environmental innovation, with firmwide assets under management of more than $2.5 billion. Orion provides a range of creative financing solutions as an alternative to equity investment and traditional loans. Orion’s target investment sectors include energy efficiency, digital infrastructure, sustainable power generation, renewable fuels, waste & recycling, water, transportation and midstream. Orion manages long-term, committed capital across multiple investment funds, allowing Orion’s team to forge transformational relationships across a diverse group of companies and to be patient and supportive as these organizations execute on their business plans. For more information, please visit www.OrionEnergyPartners.com.
Contact information for Python Holdings, LLC:
Contact information for Orion Energy Partners:
Bethany Gorham Senior Vice President, Investor Development, Engagement, & Accountability