Coastal Power Systems Company Profile

Background

Overview

Coastal Power Systems, established in 1995, is a privately held company specializing in the sale, repair, and retrofitting of circuit breakers and related electrical equipment. Headquartered in Tomball, Texas, the company serves a diverse clientele across industrial, commercial, and offshore sectors. With over 30 years in operation, Coastal Power Systems has built a reputation for quality and reliability in the electrical equipment industry.

Mission and Vision

The company's mission is to provide high-quality electrical solutions, including circuit breaker sales, repairs, retrofits, and custom wiring projects, ensuring customer satisfaction through exceptional service and attention to detail. Their vision is to be a leading provider of innovative and reliable electrical equipment and services, continually adapting to meet the evolving needs of their clients.

Primary Area of Focus

Coastal Power Systems focuses on the sale, repair, and retrofitting of low and medium voltage circuit breakers, motor control centers (MCCs), switchgear, and related electrical components. They also offer custom electrical control panels and on-site electrical testing and maintenance services.

Industry Significance

Operating in the electrical equipment manufacturing industry, Coastal Power Systems plays a crucial role in maintaining and enhancing the reliability of electrical systems across various sectors. Their expertise in circuit breaker technology and custom solutions contributes to the safety and efficiency of electrical operations for their clients.

Key Strategic Focus

Core Objectives

Quality Assurance: Maintaining high standards in product quality and service delivery.

Customer Satisfaction: Ensuring client needs are met with prompt and reliable solutions.

Innovation: Adapting to technological advancements to offer state-of-the-art products and services.

Specific Areas of Specialization

Circuit Breaker Sales and Repairs: Offering a range of services from sales to reconditioning and testing of circuit breakers.

Retrofits and Retrofills: Providing retrofit solutions to extend the life and enhance the performance of existing electrical equipment.

Custom Electrical Control Panels: Designing and manufacturing panels tailored to specific client requirements.

Key Technologies Utilized

Advanced Testing Equipment: Utilizing state-of-the-art tools for testing and certifying electrical components.

In-House Fabrication: Employing in-house fabrication capabilities for steel and copper components to ensure quality control and reduce lead times.

Primary Markets Targeted

Industrial Sector: Supplying and servicing electrical equipment for manufacturing plants and industrial facilities.

Commercial Sector: Providing solutions for commercial buildings, including office complexes and retail spaces.

Offshore Sector: Offering specialized equipment and services for offshore platforms and marine applications.

Financials and Funding

Funding History

As a privately held company, Coastal Power Systems has not publicly disclosed detailed funding history or financial statements. The company operates independently, focusing on organic growth and reinvestment into its operations.

Total Funds Raised

Specific figures regarding total funds raised are not publicly available.

Notable Investors

Information about individual investors or venture capital involvement is not publicly disclosed.

Intended Utilization of Capital

Capital is primarily allocated towards expanding service capabilities, enhancing product offerings, and investing in technological advancements to maintain competitive advantage.

Pipeline Development

Key Pipeline Candidates

Coastal Power Systems focuses on developing and offering a range of electrical equipment and services, including:

Circuit Breakers: Both new and refurbished units from major manufacturers.

Retrofit Solutions: Innovative retrofit and retrofill services to upgrade existing equipment.

Custom Panels: Tailored electrical control panels designed to meet specific client needs.

Stages of Development

The company is continually enhancing its product and service offerings, with a focus on integrating the latest technologies and meeting industry standards.

Target Conditions

Coastal Power Systems aims to address the evolving needs of the industrial, commercial, and offshore sectors by providing reliable and efficient electrical solutions.

Relevant Timelines for Anticipated Milestones

While specific timelines for product development are not publicly disclosed, the company emphasizes quick turnaround times, with standard reconditioning of breakers typically completed within 5 to 7 business days.

Technological Platform and Innovation

Proprietary Technologies

Coastal Power Systems has developed in-house capabilities for fabricating steel and copper components, allowing for greater control over product quality and reducing lead times.

Significant Scientific Methods

Advanced Testing Protocols: Implementing rigorous testing procedures to ensure the reliability and safety of electrical equipment.

Custom Design Processes: Utilizing client specifications to design and manufacture custom electrical control panels and systems.

Leadership Team

Key Executive Profiles

Danny Davis – President

Danny Davis serves as the President of Coastal Power Systems. Under his leadership, the company has expanded its service offerings and maintained a strong focus on quality and customer satisfaction.

Leon Dow – Managing Director

Leon Dow is the Managing Director of Coastal Power Systems. With extensive experience in electrical and mechanical fields, he has been instrumental in the company's growth and operational excellence.

Cameron McLelland – Managing Director

Cameron McLelland serves as the Managing Director, bringing over 16 years of experience in various aspects of electrical work, including quality assurance and control of large mechanical systems.

Competitor Profile

Market Insights and Dynamics

The electrical equipment manufacturing industry is characterized by a diverse range of companies offering similar products and services. Key competitors include Semler Industries and Burke Handling Systems, which also provide circuit breaker solutions and related services.

Competitor Analysis

Semler Industries

Established in 1905, Semler Industries is a privately held company with 100 to 250 employees and an estimated revenue of $32.2 million. They offer a range of electrical equipment and services, positioning them as a significant competitor in the market.

Burke Handling Systems

A company specializing in material handling systems, Burke Handling Systems operates with 10 to 50 employees. While their primary focus differs, they compete in the broader electrical equipment sector.

Strategic Collaborations and Partnerships

Coastal Power Systems has not publicly disclosed specific strategic collaborations or partnerships. The company focuses on building strong relationships with clients and vendors to enhance service delivery and product offerings.

Operational Insights

Coastal Power Systems differentiates itself through its commitment to quality, quick turnaround times, and a customer-centric approach. Their in-house fabrication capabilities and comprehensive service offerings provide a competitive edge in the market.

Strategic Opportunities and Future Directions

The company aims to expand its market presence by leveraging its expertise in circuit breaker technology and custom solutions. Opportunities include exploring new market segments, enhancing product innovation, and strengthening client relationships to drive future growth.