The Waldinger Corporation

What The Waldinger Corporation does

The Waldinger Corporation is a family-owned, full-service mechanical, electrical, plumbing, and sheet metal contractor founded in 1906 in Des Moines, Iowa, and currently generating annual revenues above $750 million with a workforce of more than 4,000 professionals including 2,500+ skilled trade workers. The company designs, fabricates, installs, and services HVAC, refrigeration, electrical, plumbing, piping, and kitchen-equipment systems for commercial, institutional, and industrial facilities across seven Midwestern states, operating through 16 branch offices and three fabrication shops (Des Moines, Omaha, Wichita) totaling over 75,000 square feet.

Its technology backbone centers on a Virtual Design and Construction (VDC) and Building Information Modeling (BIM) platform established in the early 1990s, encompassing 3D CAD modeling, robotic surveying, computer-generated material lists, and Navisworks clash detection used to coordinate complex MEP installations. Prefabrication capabilities span computer-controlled plasma cutting, spiral duct manufacturing, modular plumbing preassembly, and electrical assembly, complemented by a proprietary InSite Suite service-management platform that tracks repair cost, scheduling, and asset history through a customer web portal.

Revenue is generated primarily through project-based construction contracts (new construction, design-build, renovations) and recurring service and maintenance work, with 24/7/365 emergency response capability. The acquisition-led expansion model retains acquired brand identities (Pro Electric, Trinity Electric, Summit Electric, Project Design and Piping, Aupperle, SBC, Horton Electric) to preserve local market presence while adding scale. Customer mix spans data centers, healthcare, education, government, sports and entertainment venues, food manufacturing, hospitality, and financial services, with named marquee accounts including Kellogg's, Mars Chocolate, Verizon Wireless, Principal Financial Group, and Nationwide Insurance.

Name

The Waldinger Corporation

Legal name

The Waldinger Corporation

Website

https://waldinger.com

Company type

Private

Founded year

1906

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

The Waldinger Corporation is a family-owned, full-service mechanical, electrical, plumbing, and sheet metal contractor founded in 1906, serving commercial, institutional, and industrial facilities across the Midwest through 16 branches, three fabrication shops, and a workforce exceeding 4,000 professionals.

Ownership category

akta.pro rank

Product category

Mechanical, Electrical, Plumbing & Sheet Metal Contracting Services

NAICS

Refrigeration Equipment and Supplies Merchant Wholesalers (423740)

SIC

Refrigeration & Service Industry Machinery (3580)

akta.pro primary industry

Walk-In Cooler Service & Repair (HSAOAJAB)

akta.pro secondary industries

Preventive Maintenance Programs for Refrigeration Systems (HSAOAJAL), Compressor, Condenser & Evaporator Service (HSAOAJAG)

Keywords

• Mechanical contracting services
• Commercial HVAC installation
• Industrial refrigeration service
• Electrical contracting services
• Sheet metal fabrication

Headquarters

HQ city

Des Moines

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Construction Services: Major construction projects including MEP (mechanical, electrical, plumbing) installation for commercial, institutional, and industrial facilities. Projects include new construction, renovations, and design-build work. Revenue derived from project contracts ranging from hundreds of thousands to multi-million dollar projects.
2. Service and Maintenance: 24/7 emergency service, planned maintenance programs, and ongoing facility maintenance. Services include HVAC, refrigeration, plumbing, electrical, and sheet metal maintenance for ongoing client relationships.
3. Fabrication: Custom fabrication of sheet metal, plumbing assemblies, mechanical piping, and electrical applications from shops in Des Moines, Omaha, and Wichita. Fabrication serves both internal project needs and external customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

The Waldinger Corporation is a full-service mechanical, electrical, plumbing, sheet metal, refrigeration, and facility maintenance contractor for commercial, institutional, and industrial clients in the Midwest. It self-performs design-assist, prefabrication, installation, 24/7 service, and ongoing maintenance using its own 2,500+ trade workforce, three fabrication shops, and VDC/BIM project coordination.

Product overview

The Waldinger Corporation is a premier full-service mechanical, electrical, and sheet metal contractor founded in 1906. The company offers a comprehensive portfolio of integrated building systems services including HVAC, refrigeration, electrical, plumbing, piping, and kitchen equipment for commercial, institutional, and industrial facilities. The core offering combines design, fabrication, installation, maintenance, and repair services across all building trades. Key service modules include Virtual Design and Construction (VDC/BIM technology for 3D modeling and coordination), Test and Balance services, Building Automation & Control Systems, Clean Air Service, Reliability Services, and Waldinger Facility Solutions for energy management. The company also provides specialized services including Industrial Refrigeration/Ammonia systems with PSM compliance, Structured Cabling, and Fabrication capabilities through off-site shops in Des Moines, Omaha, and Wichita. Supporting these core services is the proprietary InSite Suite software for asset tracking and service management. The company operates 16+ branch locations across seven states with over 4,000 professionals.

Differentiator

Problem solved

Functional benefit

Products and services

• HVAC Services
• Refrigeration Services
• Electrical Services
• Plumbing Services
• Piping Services
• Sheet Metal Fabrication Services
• Kitchen Equipment Services
• Virtual Design and Construction (VDC) / BIM Services
• Test and Balance Services
• Waldinger Facility Solutions
• Industrial Refrigeration / Ammonia Services
• Building Automation & Control Systems
• Clean Air Service
• Reliability Services
• Structured Cabling Services
• Preconstruction Services
• 24/7 Service and Maintenance
• Off-Site Fabrication Services

Quantifiable outcome

• Two-hour emergency response across service territories
• +4 more outcomes

Named customers25 records

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Brian Brown RacingminorGTM or Marketing PartnerPartnership with Brian Brown Racing focused on mutual dedication to future growth, quality products, services, and people. Alignment based on hard work, attention to detail, and quality craftsmanship.
• United States Army - Partnership for Youth Success (PaYS)minorGTM or Marketing PartnerProgram connecting veterans with career opportunities at Waldinger. Veterans bring commitment, passion, and dedication similar to the company's service mentality of solving problems by putting customer needs first.
• PanduitcoreTechnology or IntegrationWaldinger was awarded Panduit's North Central Region Contractor Partner of the Year. Panduit is a recognized leader in global manufacturing of infrastructure network cabling solutions. Waldinger is a certified installer for Panduit and Commscope structured cabling systems.
• IIAR (International Institute of Ammonia Refrigeration)minorStrategic or Co-development PartnerWaldinger is involved in associations that develop and educate the industrial refrigeration industry including IIAR, MCA, RETA, and ASHRAE.
• Mechanical Contractors Association (MCA)minorStrategic or Co-development PartnerIndustry association involvement for developing and educating the industrial refrigeration sector.
• RETA (Refrigerating Engineers and Technicians Association)minorStrategic or Co-development PartnerIndustry association involvement for developing and educating the industrial refrigeration sector.
• ASHRAE (American Society of Heating, Refrigeration and Air Conditioning Engineers)minorStrategic or Co-development PartnerIndustry association involvement for developing and educating the industrial refrigeration sector.
• ASI ControlscoreTechnology or IntegrationWaldinger is an ASI Controls system integrator using system integration and engineering proficiency to install and integrate ASI energy management systems with HVAC and lighting systems.
• ENERGY STARminorGTM or Marketing PartnerWaldinger partners with ENERGY STAR and utility companies to leverage programs that drive out project costs and save annual operational spend.

Scale indicators10 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• Service Logic: Service Logic is a privately held HVAC/mechanical services platform owned by York Capital. Highly comparable as a roll-up of commercial HVAC service providers across multiple U.S. regions, with a focus on recurring service revenue, similar to Waldinger's 24/7 service and facility solutions business.
• TDIndustries: TDIndustries is a premier mechanical and plumbing contractor based in Texas, employee-owned since 1946, serving commercial, industrial, and mission-critical customers. Comparable as a full-service MEP firm with fabrication capabilities and a similar commitment to long-tenured customer relationships, though concentrated in the Southwest.
• Comfort Systems USA: Comfort Systems USA is a national HVAC mechanical contractor (~$5B revenue, 18,000+ employees) with a similar business model of regional operating units providing installation, service, and fabrication. Highly comparable in core trade mix (mechanical, plumbing, sheet metal) and customer segments, but with broader geographic reach.
• IES Holdings: IES Holdings provides electrical and mechanical infrastructure services for commercial, industrial, and data center customers (~3,000 employees, $3B+ revenue). Comparable in MEP scope and data center exposure; trades publicly and pursues acquisitions similar to Waldinger's roll-up strategy.
• Baker Group: Baker Group is a Midwest-based mechanical, electrical, plumbing, and technology contractor serving commercial and industrial customers across Iowa and surrounding states. Closely comparable in regional footprint (Iowa/Midwest), trade mix, and customer base, making it Waldinger's most direct Midwest competitor.
• Limbach Holdings: Limbach Holdings is a specialty mechanical contractor focused on HVAC, plumbing, and building services for commercial and institutional customers. Closely comparable in trade mix, project complexity, and emphasis on owner-direct relationships, though smaller (~$400M revenue) and operating primarily in the Eastern U.S.

Regional players

• Murphy Company: Murphy Company is a privately held mechanical contractor headquartered in St. Louis, Missouri, providing HVAC, plumbing, and process piping across the Midwest and beyond. Comparable in trade mix and regional Midwest presence, though smaller and without Waldinger's fabrication scale or branch network.

Broad incumbents

• EMCOR Group: EMCOR is the largest publicly traded mechanical and electrical contractor in the U.S. (~140,000 employees, $13B+ revenue). Comparable as a full-service MEP/facility services provider serving commercial, industrial, and mission-critical customers nationwide, but at far greater scale and geographic breadth than Waldinger.
• APi Group: APi Group is a global leader in safety, specialty, and industrial services with significant life safety and MEP exposure. While broader than Waldinger, its safety services division overlaps with Waldinger's fire/security/electrical work, and its acquisition-led growth model mirrors Waldinger's recent roll-up cadence.

Others

• BrandSafway: BrandSafway is a leading provider of access, insulation, and specialty services to industrial and commercial customers. While not a direct MEP competitor, it overlaps with Waldinger's industrial insulation, scaffolding, and specialty services for plant maintenance customers in food processing and heavy industrial segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/waldingercorp
• Facebookfacebook.com/thewaldingercorporation
• LinkedInlinkedin.com/company/the-waldinger-corporation

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Waldinger Corporation