Multi-Phase Electrical Services, Inc. Company Profile

Background

Multi-Phase Electrical Services, Inc. (MPES) is a commercial and industrial electrical contracting firm headquartered in Closter, New Jersey, with additional operations in New York City. Established in 2009, MPES boasts over 125 years of combined design and construction experience among its team. The company is dedicated to delivering comprehensive electrical solutions, emphasizing safety, quality, and client satisfaction. MPES serves a diverse clientele across the Greater New York City area, including sectors such as IT and communications, financial institutions, healthcare, higher education, energy and utilities, retail, and government.

Key Strategic Focus

MPES specializes in a range of services tailored to meet the unique needs of its clients:

Electrical Contracting: Expertise in large-scale industrial and commercial projects, including tenant fit-outs, uninterruptible power supply (UPS) systems, mission-critical installations, backup generator installations and maintenance, emergency response, and design-build electrical installations.

Structured Cabling: Provision of voice and data cable installations, including Cat6A, fiber optic, and coaxial cables; backbone distribution systems; distributed antenna systems (DAS); data center build-outs; and comprehensive cable management solutions.

Alternative Energy: Development and implementation of renewable energy solutions utilizing solar, wind, and co-generation technologies, assisting clients in reducing energy consumption and costs while identifying applicable incentives.

Engineering: Offering design-build services, sign and seal drawings, on-site coordination, value engineering, feasibility studies, and comprehensive electrical system designs to enhance functionality and energy efficiency.

Emergency Response: Providing 24/7 emergency services to ensure client operations resume promptly during crises, with a focus on safety and efficiency.

Financials and Funding

As of the latest available data, MPES reports annual revenues of approximately $18.3 million and employs around 21 individuals. The company has raised a total of $2 million in funding over one round.

Leadership Team

Daniel M. Kelly, P.E., M.B.A. – Chief Executive Officer

With over 35 years of experience in the commercial electrical contracting industry, Daniel Kelly specializes in creating customized client solutions for data centers, healthcare facilities, higher education institutions, and office spaces, as well as alternative energy and structured cabling needs. He joined MPES at its inception in 2009, establishing a reliable team and setting industry standards for leadership, quality, and timely service delivery. Prior to MPES, Kelly spent 16 years at a major electrical contractor in the NY Metropolitan Area, ultimately leading the company from 2005 to 2009. He is an active member of Local #164 I.B.E.W., serving on its Joint Apprenticeship and Training Committee (JATC), and holds positions as Director of NECA New Jersey and trustee on various funds.

Competitor Profile

Market Insights and Dynamics

The electrical contracting industry in the United States is highly competitive, with numerous firms offering a wide range of services. The market is characterized by a mix of large national companies and smaller regional firms, each vying for projects across various sectors.

Competitor Analysis

M.C. Dean, Inc.

Overview: A design-build and systems integration corporation specializing in complex, mission-critical projects.

Services: Critical power, life safety, telecommunications, and security systems.

Key Facts: Founded in 1949; approximately 5,800 employees; revenue of $1.3 billion in 2021.

Integrated Electrical Services (IES) Holdings, Inc.

Overview: Provides integrated electrical and technology systems, along with infrastructure products and services.

Services: Electrical contracting, communications, residential, and industrial/commercial services.

Key Facts: Founded in 1997; over 8,000 employees; revenue of $1.4 billion in 2023.

Michels Corporation

Overview: A family-owned energy and infrastructure construction company.

Services: Energy, infrastructure, engineering, design, and construction.

Key Facts: Founded in 1959; approximately 8,000 employees; ranked 27th among top North American contractors.

MYR Group Inc.

Overview: Offers electrical construction services for transmission and distribution lines, substations, and renewable energy projects.

Services: Electrical construction, engineering, and maintenance.

Key Facts: Founded in 1995; approximately 9,000 employees; revenue of $3.66 billion in 2024.

Strategic Collaborations and Partnerships

MPES collaborates with various clients across multiple sectors, including IT and communications, financial institutions, healthcare, higher education, energy and utilities, retail, and government. By understanding and aligning with client goals, MPES delivers tailored solutions that meet specific needs.

Operational Insights

MPES differentiates itself through a comprehensive suite of services, a commitment to safety and quality, and a client-centric approach. The company's ability to provide design-build services with signed and sealed drawings ensures a coordinated workflow, minimizing change orders and delays. This integrated approach positions MPES competitively within the market.

Strategic Opportunities and Future Directions

MPES is poised to leverage its expertise in alternative energy solutions, aligning with the growing demand for sustainable and renewable energy sources. By continuing to focus on client-specific needs and maintaining high standards of safety and quality, MPES is well-positioned to expand its market presence and capitalize on emerging opportunities within the electrical contracting industry.