July 2021 - Quarterly Market Letter
On behalf of the team at 5, I am pleased to forward our market letter for the second quarter of...
On April 2, 2019, 5 expanded its presence in the Northeastern United States by acquiring New Jersey-based Luthin Associates, an industry leader in energy management consulting in the New York tri-state area.
For over 25 years, Luthin Associates has provided a wide array of energy consulting services to major industry sectors throughout the country, with a particularly strong footprint in the Northeast. The firm specializes in energy procurement and risk management, energy efficiency and sustainability, and regulatory affairs.
“Catherine Luthin has been a pioneer in energy management. She had the foresight – long before others – to start a firm that would help institutional clients manage their energy usage and costs today and for the future,” said Brian Hayduk, Chief Executive Officer of 5.
“Catherine has been at the forefront of energy policy and energy services for decades, and her leadership has led to the development of numerous long-term client relationships with globally recognized hospitals, universities and businesses. She is a trailblazer and innovator in the industry. Unlike other energy management firms, the depth of her firm’s services includes representation in proceedings related to utility tariffs and regional power grid operations. We are thrilled to have her and the Luthin Associates team as part of our organization.”
“By combining forces with 5, Luthin Associates now offers its clients a broader suite of resources and technology, along with a deep bench of talent across the energy spectrum,” said Ms. Luthin. “It’s a significant advantage for all of our clients who now have a best-in-class team of advisors, analysts, engineers, and administrators immersed in their business, identifying cutting edge solutions to effectively and efficiently manage their energy.”