The national construction industry trade publication, Engineering News Record (ENR), has ranked four St. Louis National Electrical Contractor Association (NECA) contractor members among its “Top 600 Specialty Contractors.”
The four contractors – all members of the Electrical Connection, a partnership of NECA and IBEW Local 1 – are Sachs Electric Co., Guarantee Electrical Co., PayneCrest Electric, Inc. and Aschinger Electric Co. Inc. The ranking can be found in the Oct. 22, 2018 cover story, “The Top-600 Specialty Contractors”
In its annual listing of the top specialty contractors nationally, ENR ranked Sachs 101st, Guarantee ranked 173rd, PayneCrest ranked 234th and Aschinger ranked 436th. Meanwhile, Bell Electrical Contractors, Inc. is part of the MDU Construction Services Group, Inc. which ranked 11th in the national rankings. All five ranked in the top 10 among St. Louis’ largest electrical contractors in the St. Louis Business Journal’s annual ranking last spring. A total of 18 of the 22 contractors listed in the Business Journal rankings were St. Louis NECA contractors using skilled IBEW Local 1 electricians.
The ENR cover story article accompanying the ranking noted a robust construction market. “As a group, the Top 600 generated revenue of $124.04 billion in 2017, up 10% over the $112.72 billion in 2016, and a 23.5% hike from $100.43 billion the year before. Top 600 revenue now has risen for seven straight years.”
‘SERVICE COMES FIRST’
“For St. Louis NECA contractors, service comes first as part of a disciplined approach to growth,” said Doug Martin, executive vice president, St. Louis NECA. “Some have strengthened their practice through merger and financial partnerships while others are broadening services and strengthening proficiencies through additions to engineering and project management staff.”
This year, Aschinger merged with St. Louis NECA contractor Briner Electric Co. Both companies are more 100 years old and will operate under the Aschinger name.
Meanwhile, in 2017, Sachs Electric entered into a partnership with funds managed by Oaktree Capital Management, L.P. (“Oaktree”) to provide capital and strategic resources to support Sachs’s growth.
“Our joint annual training investment of $3 million with our NECA partners ensures our contractors always have the most skilled and safe workforce for all projects,” said Frank Jacobs, IBEW Local 1’s business manager.
“That includes continuing education and an education partnership with St. Louis Community College to offer college degrees.”
This dedication to keeping pace with the growing complexities of electrical and communication installations has made the IBEW/NECA Electrical Connection partnership an important resource for economic and workforce development in Missouri. The Electrical Connection serves on the Missouri Governor’s Workforce Development Task Force, the “Talent for Tomorrow” program and the “Best in the Midwest” economic development strategic planning initiative.
ASSET TO FUTURE
“Our NECA contractors and the skilled IBEW workforce they employ are a great asset to Missouri’s future business development because all that is changing with technology,” noted Jim Curran, executive vice president, Electrical Connection.
“We are on the forefront of smart technology and infrastructure that is creating greater value in the built environment. That includes building automation, smart manufacturing, smart roads, smart cities and other advanced electrical and communications infrastructure powering our future.”
St. Louis NECA contractors partner with IBEW Local 1 to form the Electrical Connection, providing safe and reliable electrical construction, maintenance, repair and replacement services across Missouri, the nation and the world. For more information, electricalconnection.org.