Market Research Report: Proven Electric Inc.

Background

Company Overview

Proven Electric Inc., established in 2013 by Brent Todd, is a reputable electrical contractor based in Oklahoma City, Oklahoma. The company specializes in industrial, commercial, and residential electrical services, aiming to build long-term relationships with clients through honesty, integrity, and high-quality service.

Mission and Vision

Mission: To build long-term relationships with customers through honesty, integrity, and quality electrical services.

Vision: To provide quality service and an exceptional customer experience, establishing Proven Electric as the trusted choice for all electrical services.

Industry Significance

Operating within the electrical contracting industry, Proven Electric Inc. contributes to the infrastructure development and maintenance of various sectors, including healthcare facilities, manufacturing plants, and residential communities. The company's commitment to quality and customer satisfaction has solidified its reputation in the Oklahoma City area.

Key Strategic Focus

Core Objectives

Deliver high-quality electrical services across industrial, commercial, and residential sectors.

Foster long-term client relationships through trust and exceptional service.

Maintain a strong presence in the Oklahoma City market while exploring opportunities for regional expansion.

Areas of Specialization

Industrial: Electrical installations and maintenance for manufacturing facilities, power plants, and refineries.

Commercial: Services for office buildings, retail spaces, and other commercial establishments.

Residential: Electrical solutions for new constructions, remodels, and service upgrades.

Key Technologies Utilized

LED lighting upgrades

Low voltage cabling

Home automation systems

Surge protection devices

Primary Markets Targeted

Oklahoma City and surrounding areas

Industrial sectors requiring complex electrical systems

Commercial establishments seeking reliable electrical services

Residential clients needing electrical installations and upgrades

Financials and Funding

Funding History

Specific details regarding Proven Electric Inc.'s funding history, total funds raised, and recent funding rounds are not publicly disclosed. The company operates as a privately held entity, focusing on organic growth and reinvestment into its operations.

Notable Investors

As a privately held company, Proven Electric Inc. does not have publicly known investors.

Utilization of Capital

The company allocates its resources towards:

Expanding service offerings

Investing in employee training and development

Upgrading equipment and technology

Marketing and business development initiatives

Pipeline Development

Key Projects and Services

Price Edwards & Company: IBC Bank 7th floor remodel, Jerry's Deli remodel, and other projects.

GBR Properties: Multiple projects and service work.

Raptor General Contracting: Various projects and service work.

Choice Solutions: Numerous projects.

Nabholz Construction: Service work.

Deaconess Adoption Services: Service work.

Wood Window Rescue: Service work.

Hart Partners: Service work.

Film Exchange Row: Remodel of an existing historical warehouse with new kitchen, conference room, and meeting area.

R & J Lounge and Supper Club: Fire wall renovation and service work.

Stuart Hall Properties: Multiple projects and service work.

Halcyon Works: Complete tenant finish in a historical building.

Spur Design: Various projects.

Sheraton Hotel Downtown: Pool deck renovations.

BC Clark Jewelers: Service work.

These projects highlight Proven Electric Inc.'s capability to handle diverse electrical contracting needs across various sectors.

Technological Platform and Innovation

Proprietary Technologies

Proven Electric Inc. utilizes advanced technologies to enhance service delivery, including:

LED Lighting Upgrades: Implementing energy-efficient lighting solutions for clients.

Low Voltage Cabling: Providing structured cabling systems for data and communication needs.

Home Automation Systems: Integrating smart home technologies for residential clients.

Surge Protection Devices: Installing systems to protect electrical equipment from power surges.

Significant Scientific Methods

The company employs industry best practices and standards to ensure safety, reliability, and efficiency in all projects. This includes adherence to national electrical codes and continuous training in emerging technologies.

Leadership Team

Brent Todd – President

Professional Background: Brent began his career in the electrical industry as an apprentice in 2001, completing a five-year apprenticeship in 2006. He became an Unlimited Journeyman Electrician in 2005 and later an Unlimited Electrical Contractor. His experience spans commercial, industrial, hospital, refinery, power plant, wind turbine, and manufacturing facility projects.

Key Contributions: Founded Proven Electric Inc. in 2013, leading the company to establish a strong reputation for quality and customer satisfaction.

Competitor Profile

Market Insights and Dynamics

The electrical contracting industry in Oklahoma City is competitive, with numerous firms offering similar services. Proven Electric Inc. differentiates itself through its commitment to quality, customer service, and a diverse range of services.

Competitor Analysis

Rosendin Electric: One of the largest electrical contractors in the U.S., with a diverse portfolio and significant market share.

Brink Constructors, Inc.: Specializes in high-voltage transmission line construction and substation work, operating nationwide.

Innovative Electric Inc.: Offers solar installation and electrical services, with a focus on renewable energy solutions.

Strategic Collaborations and Partnerships

Proven Electric Inc. collaborates with various general contractors, property managers, and developers to provide comprehensive electrical solutions. These partnerships enhance the company's ability to deliver integrated services and expand its market reach.

Operational Insights

Proven Electric Inc. maintains a competitive edge through: