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M&A: Energy Consultancy From Texas Acquires Northeast Advisory Firms in New York

May 8, 2023 by Joe Panettieri

5, an energy advisory and professional services management firm, has acquired BidURenergy (BUE) and NRG Advisory Services from NRG Energy. The acquired assets provide brokerage and energy advisory services to clients throughout the Northeast. Financial terms of the deal were not disclosed.

This is M&A deal number 44 that we have covered so far in 2023. See all of the sustainable technology buyers, sellers & investors listed here.

About the Buyer: 5 Energy Services

5, founded in 2011, is based in Irving, Texas. The company, led by CEO Brian Hayduk (pictured, top of page) had 234 employees listed on LinkedIn as of May 8, 2023.

5 provides energy and power advice to clients on procurement and risk management, demand-side management, sustainability, and resiliency throughout the United States and Mexico, the company said. Clients include Fortune 100 companies, government entities, commercial real estate, cold storage, higher education, manufacturers, industrials, hospitals, religious organizations, restaurants, nonprofits, and more.

5 has two partner programs -- one for strategic partners and one for referral partners.

Energy Consulting M&A: Executive Perspectives

The acquired assets -- BUE and NRG Advisory Services -- are based in Buffalo, New Your. The two organizations provide brokerage and energy advisory services to clients throughout the Northeast, the buyer said.

In a prepared statement about the deal, 5 CEO Brian Hayduk said: "Finding great partners in this industry is difficult. BUE and NRG Advisory Services have exceptional reputations, operations, and top-tier people. We are thrilled to bring their team into the 5 family, and we look forward to working together to provide innovative and comprehensive energy solutions."

Added Jamie Paulson, manager of brokerage services for BUE: "We are thrilled to be joining the 5 family. This deal allows us to leverage our collective expertise and relationships throughout the country, further enhancing our ability to serve our clients."

5 has M&A experience. The company previously acquired Luthin Associates of New Jersey in 2019.

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