Contractor Roundup
Black Box—after nine months of FY2011, Black Box had $813 million
in revenues, up 13% from a year earlier.
EMCOR Group—its PPM subsidiary won a three-year contract (the
second such deal in a row) from the Jacksonville (Fla.) Electric Authority for
“general maintenance services and construction.”
IES—Integrated Electrics Services ended Q1 of FY2011 on Dec.
31, 2010, with sales of $113.6 million, down 5.5% from one year earlier. The
company said it “saw improving volumes in our commercial and industrial segment,”
with its residential backlog improving each month in the quarter.
Pike Electric—this powerline contractor ended the first half
of FY2011 on Dec. 31, 2010, with sales of $277.3 million, up 5.7% vs. year-earlier
results. The gain masked a bigger bounce in core revenues; “storm restoration
services” had a major ($12.8 million) drop in the six months.
WPCS International—rounded up a bunch of new deals into a press
release on $10.8 million in new projects. Customs included this time: China
National Petroleum, the Glastonbury Police Department, JC Penney, and the city
of Charleston’s (S.C.) police department. The company provides design-build
communications infrastructure service.
Contractor Deals
Egan/Collins—Egan, an electrical contractor of Brooklyn Park,
Minn., has acquired Collins Electrical Systems (New Hope, Minn.), according
to the local business newspaper (Feb. 1). In the Minneapolis-St. Paul Business
Journal’s rankings, Egan was the third-largest EC in the market; Collins
(aka ColliSys) was No. 5. Collins was said to be the area’s largest provider
of “outside” electrical construction. Egan will have more than 240 employees.
EMCOR/Bahnson Holdings—EMCOR Group acquired Bahnson Holdings
(Winston-Salem, N.C.), a privately held mechanical contractor that’s been around
since 1915. Last year’s revenues for Bahnson were given as $155 million; it
is said to have a $150 million backlog and roughly 850 employees.
Gill-Simpson/W.R. Casteel—Gill-Simpson of Baltimore, which does
electrical construction and engineering, acquired W.R. Casteel (Hopwood, Pa.),
an EC with experience “providing electrical engineering, procurement, and construction
services for the energy infrastructure market.” Casteel has 110 employees (field
and office) according to a release.
Kaplan-Schmidt Electric—Eric Schmidt now is majority owner here,
according to the Rochester Business Journal (Jan. 14), after buying the
50% owned by Laurence Kaplan (who was president but is retired). The company,
founded by the two men in 1988, has 40 to 70 electricians working for it and
had $12.3 million in 2009 revenues.
Line + Other Contracts
MasTec—this company’s EC Source unit will provide engineering,
procurement, and construction to PacifiCorp under a multiyear contract to build
out a transmission line in Utah.
MYR Group + Quanta Services—these two companies were picked to
provide transmission line construction services over five years for the CapX2020
Group 1 projects (which are jointly undertaken by 11 transmission-owning utilities
in Minnesota).
Quanta Services—a subsidiary won a five-year contract for natural
gas system construction and maintenance from Puget Sound Energy.
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