Ulteig - Comprehensive Analysis Report

Summary

Ulteig is an engineering industry leader focused on building, maintaining, and revitalizing infrastructure across North America. Established in 1944, Ulteig provides custom, integrated, site-specific solutions. The company operates in the Lifeline Sectors® of Power, Renewables, Transportation, and Water. Ulteig has over 1,600 employee-owners across 17 locations in the United States and Canada. Its mission is to create and solve for a sustainable future, and its vision is to be the most trusted partner transforming the world's critical infrastructure.

1. Strategic Focus & Objectives

Core Objectives

Ulteig’s primary strategic objective is to provide comprehensive engineering and technical services to strengthen essential infrastructure. A key goal is to be the preferred partner for technical solutions within its targeted Lifeline Sectors®. The company focuses on leveraging its expertise and collaborative approach to create exceptional value for its clients.

Specialization Areas

Ulteig specializes in providing engineering and technical services for infrastructure projects. Its key areas of expertise lie within the power, renewables, transportation, and water sectors. A unique value proposition is its ability to offer custom, integrated solutions tailored to specific site requirements.

Target Markets

Ulteig targets markets within the Power, Renewables, Transportation, and Water sectors. The company's market positioning strategy involves emphasizing its comprehensive engineering capabilities and commitment to innovation within these essential infrastructure areas.

2. Financial Overview

Funding History

Ulteig’s estimated annual revenue is $187.2 million, with a revenue per employee of approximately $140,000. The company is 100% employee-owned. Ulteig has secured $44 million in grants for clients since 2020.

3. Product Pipeline

Key Products/Services

Ulteig delivers comprehensive design engineering, program management, and technical and field services. The company manages over 3,200 projects annually.

4. Technology & Innovation

Technology Stack

Ulteig emphasizes technology and innovation, with a commitment to ingenuity and creative outcomes. The company leverages emerging developments to pioneer new techniques. Ulteig has launched PathFinder™, a software-based tool designed to help utilities make data-driven decisions about technology implementation.

PathFinder®: A tool for utilities to evaluate substation and transmission technologies.

PinPoint®: A geographic project management system.

SiteSense®: A SCADA plant control system.

Transcend Design Generator (TDG): An online platform for generating preliminary engineering designs for critical infrastructure.

5. Leadership & Management

Executive Team

Doug Jaeger: President and CEO of Ulteig.

Hossein “Hoss” Tabrizi, PE: Senior Vice President and Chief Operating Officer.

Alison Barie: Chief Financial Officer

Jim Horn: Chief Human Resources Officer.

Michael Farrell: Senior Vice President, Civil and Field Services

Sarah Beckman, PE, SMIEEE: Market Director – Power.

Nick Ingolfsland: Chief Innovation & Technology Officer.

Ava Drayton: Senior Vice President, Client Solutions.

Jeff Heinemann: General Manager and Vice President, Power.

Susan Aspelund: Chief Financial Officer.

Eric Michel: Chief Operating Officer.

Jason Hoskins: Senior Vice President.

Recent Leadership Changes

Hossein Tabrizi was promoted to Chief Engineering and Technical Officer in 2017.

Jason Hoskins transitioned to Vice President, Innovation, Development, and Quality in 2017.

Sarah Beckman was appointed Market Director – Power in 2017.

6. Competitive Analysis

Major Competitors

Ulteig's competitors include:

IMEG

Brown and Caldwell

Huitt-Zollars

Westwood Professional Services

GAI Consultants

Electrical Consultants

Boston Industrial

Tectonic

H.A. Thompson and Sons

SSS Construction

Frontier Precision

Drexelbarrell

7. Market Analysis

Market Overview

Ulteig operates in the infrastructure engineering and consulting market, focusing on the power, renewables, transportation, and water sectors. The company's expertise includes grid modernization, renewable energy integration, and transportation solutions. Key trends in the market include electrification initiatives, renewable energy demand, and the need for resilient infrastructure.

8. Strategic Partnerships

Strategic Collaborations and Partnerships

Ulteig partners with EPCs (Engineering Procurement Construction) to provide scalable engineering expertise for utility-scale projects. These partnerships aim to deliver comprehensive solutions, from transmission and substation engineering to field and environmental services. Ulteig also collaborates with regional and local agencies to align infrastructure planning with broader community and economic development goals.

9. Operational Insights

Ulteig is committed to providing a safe and healthy workplace, with ongoing safety training for all employees.

The company has received the "Million Work Hours Award" from the National Safety Council.

Ulteig focuses on innovation and technology to optimize project timelines and improve service quality.

The company emphasizes collaboration and communication to enhance team effectiveness.

10. Future Outlook

Strategic Roadmap

Ulteig aims to reinforce its core competencies, extend its services, and expand its geographic footprint. The company focuses on strategic planning to position itself for growth and to deliver value to clients. Ulteig is dedicated to innovation and developing technology solutions to meet the evolving needs of its clients.