Energy Procurement & Management Consultant 5 Joining Forces With Simplified Power
5 Expects Series Of M&A Transactions To Accelerate Growth
March 5, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Energy advisory firm 5 said that it has completed its first transaction to expand the firm’s breadth and depth by partnering with Simplified Power, a Houston-based energy management firm.
5 has entered into an exclusive partnership whereby all of the business Simplified Power does going forward will be as part of the 5 team.
Simplified Power has provided electricity pricing, demand response and risk management services to clients in the deregulated Texas market for more than a decade and has also expanded into the Illinois, Pennsylvania and Ohio markets.
Although 5 has not acquired Simplified Power, 5 said that, "This is the first of what 5 expects to be a series of M&A transactions to accelerate 5’s growth in multiple markets."
5 offers strategic advice on a wide variety of energy related matters including procurement, demand management, renewable energy and rate optimization for public entities and private-sector businesses.
"Our partnership allows us to combine Simplified Power’s experience and talent with the technology-based platform and analytical engine of 5, yielding best-in-class energy solutions for companies and public entities," said Brian Hayduk, Chief Executive Officer and one of 5’s founding partners. "Collectively, we now have an even deeper bench that can provide a greater breadth of services and more impactful procurement and energy management advice."
Simplified Power President Dan McCarthy will continue his leadership of the business, but he and his team will now be fully aligned with the 5 organization, 5 said