In its annual ranking of the top 50 electrical contractors, EC&M named Emcor Group of Norwalk, Conn., as number one with annual revenues of $1.7 billion. Following Emcor are: Rosendin Electric of San Jose, Calif., MYR Group of Rolling Meadows, Ill, MC Dean of Dulles, Va., and Cupertino Electric, San Jose, Calif. According to EC&M, the primary factors that affected electrical contractors’ ability to increase business were market sectors and geographic areas in which they worked. Data centers provided a growth sector, as did industrial and institutional. But government projects remained flat, with the exception of funding for renewable energy and smart-grid projects.
Fifth ranked Cupertino Electric, for example, which saw a dramatic growth spurt of 69.8 percent in revenue for electrical and datacom services, attributes its expansion to data center projects, as well as the electric utility market, including both traditional and alternative energy sources.
Emcor Group President and CEO Tony Guzzi attributed the company’s strong 2011, resulting in its number one ranking, to solid growth in the facilities services and industrial segments.
While electrical companies didn’t grow as much as they might like, the 50 firms on EC&M’s list increased revenues 7.6 percent, with total revenue of $12.8 billion in 2011 for electrical and datacom services, compared to $11.9 billion generated in 2010 by the firms on that year’s list.
In other electrical contractor news, a survey from Electrical Contractor Magazine found that contractors around the country now rank brand availability - over price - as their top reason for original brand selection.
The biannual survey found that:
