EC&M: MMR 2nd Largest Electrical Contractor in U.S.
Friday, October 10, 2014
When traveling on the road to recovery, the nation’s largest electrical contractors have been challenged by suddenly cancelled projects, meager margins, and a severe labor shortage. Last year, however, the construction market finally shifted into a positive direction.
Russ Lancey, vice president of estimating for Five Star Electric Corp. (No. 9.), Ozone Park, N.Y., attributed the long-awaited turnaround to renewed strength in the private sector.
“In 2013, more work became available, and margins slowly started climbing,” says Lancey, whose firm is new to EC&M’s annual proprietary listing. “This year, we are moving beyond the recovery, and there’s no shortage of work. A lot of people are busy, including our company.”