Power Home Remodeling Company Profile

Background

Founded in 1992, Power Home Remodeling is a leading full-service exterior home remodeler headquartered in Chester, Pennsylvania. The company specializes in energy-efficient and environmentally friendly exterior remodeling solutions, including windows, siding, roofing, entry doors, attic insulation, and solar energy systems. With a mission to create positive change in customers' homes, employees' lives, and the communities they serve, Power Home Remodeling has grown to become the nation's largest firm in its sector, boasting over one million lifetime customers and more than 3,500 employees.

Key Strategic Focus

Power Home Remodeling's strategic focus centers on delivering high-quality, energy-efficient exterior remodeling services. The company emphasizes the use of advanced technologies and materials to enhance home energy efficiency and aesthetic appeal. Its primary markets include homeowners across 22 U.S. states, with a significant presence in regions such as Arizona, Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Pennsylvania, Tennessee, Texas, and others.

Financials and Funding

As a privately held company, Power Home Remodeling does not publicly disclose detailed financial information. However, reports indicate that the company achieved approximately $1 billion in annual revenue as of 2022.

Pipeline Development

Power Home Remodeling continually expands its service offerings to meet evolving customer needs. Recent developments include the introduction of solar energy systems, reflecting the company's commitment to sustainable and energy-efficient home solutions. The company also invests in training programs, such as the Dan Price Craftsmanship Academy, to ensure high-quality installations and customer satisfaction.

Technological Platform and Innovation

Power Home Remodeling distinguishes itself through proprietary technological platforms and innovative methodologies:

Nitro: A state-of-the-art collaborative intelligence platform that tracks, facilitates, and supports the customer development and sales process.

Project Pulse: A customer experience application that keeps homeowners informed and connected throughout their project, offering real-time updates and notifications.

These platforms leverage cutting-edge technologies, including computer vision, machine learning, speech recognition, and geospatial data, to enhance operational efficiency and customer engagement.

Leadership Team

Power Home Remodeling's leadership team comprises experienced professionals dedicated to driving the company's mission:

Corey Schiller: Co-CEO & Partner

Asher Raphael: Co-CEO & Partner

Timothy G. Wenhold: COO, CIO, and Partner

Adam Kaliner: Co-Founder & Partner

These leaders have been instrumental in the company's growth and commitment to employee development and customer satisfaction.

Leadership Changes

In 2015, Asher Raphael and Corey Schiller, who joined the company right out of college, became Co-CEOs. They have since fostered a company culture that appeals to young, ambitious employees who value performance, teamwork, and mentoring.

Competitor Profile

Market Insights and Dynamics

The exterior home remodeling industry is a significant segment of the broader home improvement market, characterized by steady growth driven by factors such as aging housing stock, increasing homeowner investment in energy efficiency, and aesthetic upgrades. The market is competitive, with numerous regional and national players offering a range of services.

Competitor Analysis

Key competitors in the exterior home remodeling industry include:

Renewal by Andersen: Specializes in window and door replacements, emphasizing energy efficiency and custom solutions.

Champion Windows and Home Exteriors: Offers a range of services, including windows, siding, and sunrooms, with a focus on factory-direct products.

Window World: Provides window, door, and siding installations, known for affordability and nationwide presence.

These competitors focus on similar product offerings and target markets, emphasizing quality, energy efficiency, and customer service.

Strategic Collaborations and Partnerships

Power Home Remodeling has established significant partnerships to enhance its product offerings:

ProVia: Collaborates on the installation of durable, energy-efficient entryway doors.

Pella: Partners to provide energy-efficient, noise-reducing windows made of fade-free vinyl.

These collaborations enable Power Home Remodeling to offer high-quality products that meet customer expectations for performance and aesthetics.

Operational Insights

Power Home Remodeling differentiates itself through a strong emphasis on employee development and workplace culture. The company has been recognized multiple times by Fortune and Great Place To Work® for its outstanding workplace environment, including:

#1 on the 2024 Fortune Best Workplaces in Construction™ List: Recognized for the second consecutive year.

#14 on the 2024 Fortune 100 Best Companies to Work For® List: Marking the seventh year on the list.

These accolades reflect the company's commitment to creating a positive and inclusive work environment, which translates into high-quality service for customers.

Strategic Opportunities and Future Directions

Looking ahead, Power Home Remodeling aims to expand its geographic footprint and service offerings. The company's recent entry into the Phoenix, Arizona market exemplifies its growth strategy. Additionally, the focus on sustainable solutions, such as solar energy systems, positions the company to meet increasing consumer demand for environmentally friendly home improvements.