1electric LLC Company Profile

Background

Overview

1electric LLC is a minority-owned electrical contracting firm headquartered in Atlanta, Georgia. Established in 2013, the company has grown from a small team to a workforce of over 40 employees, including office professionals and field technicians. 1electric specializes in providing comprehensive electrical services for commercial facilities, emphasizing quality, safety, and innovation.

Mission and Vision

The company's mission is to deliver high-quality electrical solutions that enhance operational efficiency and safety for its clients. By adhering to rigorous safety standards and fostering strong partnerships with facility directors and building owners, 1electric aims to set the gold standard in electrical service.

Primary Area of Focus

1electric focuses on providing electrical services for commercial facilities, including office buildings, healthcare centers, data centers, and multi-family residences. Their expertise encompasses both indoor and outdoor electrical needs, such as lighting maintenance, power distribution, generator installation, and data center services.

Industry Significance

As a minority-owned business, 1electric contributes to diversity and inclusion within the electrical contracting industry. The company's commitment to safety and quality has established it as a trusted service provider in the southeastern United States.

Key Strategic Focus

Core Objectives

Quality Service Delivery: Ensuring high standards in all electrical services provided.

Safety Compliance: Maintaining rigorous safety protocols to protect clients and staff.

Customer Satisfaction: Building long-term relationships through reliable and efficient service.

Specific Areas of Specialization

Commercial Electrical Services: Including lighting maintenance, power distribution, and generator installation.

Healthcare Facility Services: Specializing in installations and maintenance for medical equipment and hospital infrastructure.

Data Center Services: Providing electrical solutions tailored for data centers and critical infrastructure.

Key Technologies Utilized

LED Lighting Upgrades: Implementing energy-efficient lighting solutions.

Solar Photovoltaic Systems: Integrating renewable energy sources into electrical systems.

Infrared Surveying: Utilizing thermal imaging for electrical system diagnostics.

Primary Markets Targeted

Commercial Real Estate: Office buildings and multi-tenant facilities.

Healthcare Sector: Hospitals, outpatient centers, and medical offices.

Data Centers: Facilities requiring high-reliability electrical systems.

Financials and Funding

Funding History

Specific details regarding 1electric's funding history, total funds raised, and recent funding rounds are not publicly disclosed. The company operates as a privately held entity, and financial information is limited.

Notable Investors

Information about individual investors or investment firms backing 1electric is not publicly available.

Utilization of Capital

While specific utilization details are not disclosed, it is common for companies in this sector to allocate capital towards:

Equipment Acquisition: Purchasing advanced tools and machinery.

Staff Training: Investing in employee development and certifications.

Technology Integration: Implementing new technologies to enhance service offerings.

Pipeline Development

Key Projects and Services

Healthcare Facility Upgrades: Ongoing projects involving electrical system enhancements in hospitals and medical centers.

Data Center Installations: Providing electrical infrastructure for new data centers.

Commercial Tenant Build-Outs: Custom electrical solutions for office space renovations.

Anticipated Milestones

Expansion into New Markets: Plans to extend services to additional southeastern states.

Technology Adoption: Integrating smart building technologies into service offerings.

Technological Platform and Innovation

Proprietary Technologies

1electric utilizes advanced technologies such as infrared surveying for system diagnostics and solar photovoltaic systems for sustainable energy solutions.

Significant Scientific Methods

Infrared Surveying: Employing thermal imaging to detect electrical issues.

Energy Audits: Conducting assessments to optimize energy consumption.

AI-Driven Capabilities

While specific AI applications are not detailed, the company is committed to integrating innovative technologies to improve service efficiency and safety.

Leadership Team

Stephen D. Harvey – President and Owner

Professional Background: Over 30 years in the electrical industry, including roles as Service Manager and Master Electrician.

Key Contributions: Founded 1electric in 2013, leading its growth and establishing its reputation for quality and safety.

Leadership Changes

No recent significant changes or appointments within the company's leadership have been publicly reported.

Competitor Profile

Market Insights and Dynamics

The electrical contracting industry is characterized by a mix of large national firms and regional players. Companies like Quanta Services and Rosendin Electric lead the market, but regional firms like 1electric play a crucial role in providing specialized services tailored to local needs.

Competitor Analysis

Quanta Services: A leading firm with extensive resources and a broad service portfolio.

Rosendin Electric: Known for large-scale projects and a strong presence in the industry.

Local Competitors: Regional firms offering personalized services and local expertise.

Strategic Collaborations and Partnerships

1electric collaborates with various industry associations, including the International Facility Management Association (IFMA) and the National Electrical Contractors Association (NECA), to stay updated on industry standards and best practices.

Operational Insights

1electric differentiates itself through its commitment to safety, quality, and customer satisfaction. The company's minority-owned status and focus on diversity also set it apart in the industry.

Strategic Opportunities and Future Directions