Power Design, Inc. Company Profile

Background

Overview

Power Design, Inc., established in 1989, is a leading electrical contractor based in St. Petersburg, Florida. The company specializes in multi-trade, design-build solutions, offering services in electrical, mechanical, plumbing, and systems technologies. With a national footprint, Power Design has completed nearly 1,000 projects, including more multifamily projects than any other company in the U.S.

Mission and Vision

Power Design's mission is to be the most trusted name in the industry by delivering quality service, building lasting relationships, and holding themselves accountable. Their vision is to create a future that reflects a passion for what they do, grounded in core values of integrity, innovation, teamwork, growth, and accountability.

Industry Significance

As one of the top electrical contractors in the United States, Power Design has been recognized for its rapid growth and industry leadership. In 2016, the company was ranked on Inc. magazine's 35th annual Inc. 5000 list, highlighting its significant impact in the construction industry.

Key Strategic Focus

Core Objectives

Power Design aims to provide innovative, high-quality construction services across multiple trades, ensuring timely and on-budget project delivery while fostering long-term client relationships.

Areas of Specialization

Electrical Contracting: Design and installation of complex electrical systems.

Mechanical and Plumbing Services: Comprehensive solutions for mechanical and plumbing needs.

Systems Integration: Implementation of advanced systems technologies, including fire alarm, low voltage, security, audio/visual, and lighting control systems.

Key Technologies Utilized

Power Design leverages cutting-edge technologies to enhance project efficiency and quality, including:

Building Information Modeling (BIM): For precise project planning and execution.

Prefabrication Techniques: To streamline construction processes.

Advanced Training Simulations: Utilizing a 16,000-square-foot training center for hands-on jobsite simulation experiences.

Primary Markets Targeted

Power Design serves a diverse range of markets, including:

Multifamily Residential Projects: Leading in the completion of multifamily projects nationwide.

Commercial Developments: Office buildings, hospitals, and parking structures.

Specialized Facilities: Military housing and data centers.

Financials and Funding

Funding History

As a privately held company, Power Design has not publicly disclosed detailed funding histories or financial statements. However, the company has demonstrated significant growth and financial stability, as evidenced by its inclusion in the Inc. 5000 list of fastest-growing private companies in 2016.

Recent Developments

In 2025, Power Design expanded its facilities to Albuquerque, New Mexico, signaling ongoing growth and increased capacity for large-scale projects such as data centers.

Pipeline Development

Key Projects and Milestones

While specific details about current projects are not publicly disclosed, Power Design has a history of undertaking large-scale, complex projects, including:

Data Centers: Providing specialized electrical and systems integration services.

Multifamily Residential Projects: Leading in the completion of multifamily projects nationwide.

Anticipated Milestones

The company's strategic expansion and ongoing project engagements suggest a focus on:

Geographic Expansion: Entering new markets to broaden service offerings.

Technological Integration: Implementing advanced systems and technologies in upcoming projects.

Technological Platform and Innovation

Proprietary Technologies

Power Design employs proprietary technologies to enhance project efficiency and quality, including:

Building Information Modeling (BIM): For precise project planning and execution.

Prefabrication Techniques: To streamline construction processes.

Advanced Training Simulations: Utilizing a 16,000-square-foot training center for hands-on jobsite simulation experiences.

Significant Scientific Methods

The company employs advanced training simulations and prefabrication techniques to enhance project efficiency and quality.

Leadership Team

Executive Profiles

Mitch Permuy: Co-founder and Chairman. A Certified Master Electrician in twelve states with over twenty-five years of experience in designing and installing complex electrical projects.

Dana Permuy: Co-founder and Chief Financial Officer. Oversees financial plans, accounting practices, cash management, budgeting, and tax and audit activities.

Meredith Zdon: Chief Executive Officer. Plans and directs all aspects of operational policies, objectives, and initiatives, ensuring cohesive operation across departments.

Frank Musolino: Chief Operating Officer. Oversees preconstruction activities, including estimating, engineering, and coordination, and directs the Systems Division, which performs fire alarm, low voltage, security, audio/visual, and lighting control work nationwide.

Competitor Profile

Market Insights and Dynamics

The electrical contracting industry is characterized by a diverse range of companies offering various services, from electrical work to systems integration. Power Design competes with several notable firms, including:

Tri-City Electrical Contractors, Inc.: Established in 1958, Tri-City is a significant competitor in the diversified construction sector.

APG Electric, Inc.: Founded in 1984, APG Electric operates in the diversified construction space, offering electrical contracting services.

Erwin Electric: Established in 1996, Erwin Electric provides electrical contracting services and competes within the diversified construction sector.

Strategic Collaborations and Partnerships

Specific details about Power Design's strategic collaborations and partnerships are not publicly disclosed. However, the company's growth and industry recognition suggest active engagement in partnerships that enhance its service offerings and market reach.

Operational Insights

Power Design's focus on innovation, quality service, and employee well-being positions it favorably in the competitive landscape. The company's commitment to integrity, innovation, teamwork, growth, and accountability differentiates it from competitors.

Strategic Opportunities and Future Directions

Power Design's expansion into new markets, such as the recent facility in Albuquerque, New Mexico, indicates a strategic focus on geographic diversification and capacity building for large-scale projects. The company's emphasis on technological integration and advanced training methods positions it to capitalize on emerging trends in smart systems and integrated building technologies.