GridTek Utility Services

What GridTek Utility Services does

GridTek Utility Services is an end-to-end infrastructure solutions provider delivering electrical transmission and distribution construction, maintenance, repair, and upgrade services to electric, wind, solar, natural gas, and telecommunications customers across the United States. Operating through eight wholly owned subsidiaries (American Power, C&C Power Line, McCurley Enterprises, Precision Foundations, Southeast Power, Valiant Energy Services, VOS Infrastructure Solutions, and Yates Line Construction), the company provides high-voltage substation construction up to 500kV, distribution services from 4kV to 35kV, drilled shaft foundation systems, fiber optic and broadband communications infrastructure, and 24x7 emergency storm response. Service delivery is grounded in NECA/IBEW-affiliated labor, structured apprenticeship access through NJATC, a documented Zero Incident safety program, and over 1,000 annual on-site safety visits.

The business is a privately held, First Reserve portfolio company that was formerly The Goldfield Corporation (previously NYSE: GV). Revenue is generated through project-based professional services contracts under multi-year maintenance and emergency-response agreements with investor-owned utilities, electric cooperatives, and municipalities, sold via direct enterprise field sales rather than channel partners. Following the April 2022 simultaneous acquisitions of American Power (Mesa, AZ) and Valiant Energy Services (Allentown, PA), pro forma annual revenue exceeded $350 million and the customer base expanded to nearly 100 utilities spanning the Northeastern, Mid-Atlantic, Southeastern, Southwestern, and Western U.S. Named enterprise customers include American Electric Power, Arizona Public Services, Atlantic City Electric, AT&T, Bluebonnet Electric Cooperative, Brazos Electric Cooperative, CenterPoint Energy, Duke Energy, Florida Power & Light, Dominion Resources, Eversource, NextEra Energy, Oncor, Pacific Power, PPL Corporation, PSEG, Santee Cooper, and Freeport-McMoRan. Leadership comprises CEO Rich Schwartz (joined 2022, ex-PrimeLine Utility Services), CFO Matt Clayton (joined 2021 from First Reserve), COO Andrew Pisciotto (joined 2015), and EVP Mike Walker (joined 2021), with continued senior additions through 2025 indicating an active platform-build posture.

Name

GridTek Utility Services

Legal name

GridTek Utility Services

Website

https://gridtekus.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

501–1,000 employees

Short description

GridTek Utility Services is a privately held, First Reserve-backed end-to-end provider of electrical transmission, distribution, substation, foundation, communications, and storm-response services to nearly 100 U.S. utilities and industrial customers through eight operating subsidiaries.

Ownership category

akta.pro rank

Product category

Utility Infrastructure Services

NAICS

Power and Communication Line and Related Structures Construction (237130), Electric Power Transmission, Control, and Distribution (22112)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Distribution Network Construction (Feeders, Laterals, Service Drops) (IMAFAHAC)

akta.pro secondary industries

Transmission Maintenance, Inspection & Condition Monitoring (Live-Line, Drones, Sensors) (EUADAAAM), Network Upgrades & Capacity Additions (Reconductoring, Rebalancing, Voltage Optimization) (EUAEACAN), Pole, Tower & Structure Installation / Replacement (Distribution) (EUAEACAE), Storm Restoration & Grid Rebuild (Transmission/Distribution) (EUAEAIAA), Substation Systems & Integration (EPC, Engineering, Protection, Commissioning) (IMAGAAAC)

Keywords

• Electrical transmission services
• Substation construction services
• Utility infrastructure maintenance
• Electric distribution services
• Emergency storm restoration

Headquarters

HQ city

Melbourne

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electrical Infrastructure Construction Services: Project-based revenue from electrical transmission line construction, new line installation, system rebuilds, line relocation, and renewable interconnects for utilities and industrial customers.
2. Electrical Maintenance and Repair Services: Ongoing maintenance and repair services for transmission lines, substations, and distribution systems including emergency storm response services under multi-year contracts with major utilities.
3. Substation Construction Services: Turnkey substation construction services up to 500kV, including site work, foundations, equipment installation, and commissioning for power and utility companies.
4. Foundation Drilling Services: Full-service foundation drilling including large diameter drilled shafts, direct embed pole bases, and engineering design support for transmission line and substation structures.
5. Communications Infrastructure Services: Broadband, fiber optic, and wireless infrastructure construction, maintenance, and engineering projects including splicing, terminating, testing, and turnkey design.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

GridTek Utility Services, through its subsidiaries, provides end-to-end electrical infrastructure construction, maintenance, repair, and upgrade services for electric transmission lines, substations (up to 500kV), distribution systems (4kV to 35kV), drilled shaft foundations, and communications/broadband infrastructure. The company also offers 24x7 emergency storm response services for utilities, cooperatives, municipalities, and industrial customers across the U.S.

Product overview

GridTek Utility Services is an end-to-end infrastructure solutions provider operating through eight subsidiary brands: American Power, C&C Power Line, McCurley Enterprises, Precision Foundations, Southeast Power, Valiant Energy Services, VOS Infrastructure Solutions, and Yates Line Co. These divisions collectively offer a comprehensive suite of utility infrastructure services including Electric Transmission, Substation, Electric Distribution, Foundations, Communications, and Emergency Restoration. The company serves electric, wind, solar, natural gas and telecommunications customers nationwide, ranging from municipalities and cooperatives to large investor-owned utilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Transmission Services Comprehensive electrical transmission services including line maintenance, new line installation, system rebuilds, line relocation, inspection services, system reliability improvements, renewable interconnects, and 24x7 emergency and storm response services for utilities.
• Substation Services Complete turnkey substation construction services up to 500kV, including site work, foundations, grounding, structure erection, buswork, conduit and cabling, control wiring, instrumentation, and equipment installation.
• Electric Distribution Services Full range (4kV to 35kV) of distribution capabilities in substations, underground, and overhead distribution systems with new construction and maintenance services.
• Foundations Services Full-service foundation drilling services including large diameter drilled shafts, direct embed pole bases, vibratory caisson installations, slab foundations, spread footers, control house building foundations, and oil containment pits.
• Communications Services Broadband, fiber optic, and wireless infrastructure construction, maintenance and engineering projects including splicing, terminating, testing, tower installation, and complete fiber optic system construction.
• Emergency Restoration Services 24x7 emergency storm response services with strategically positioned equipment, experienced workforces in multiple regions ready to deploy at a moment's notice, and trained storm assessors.

Named customers18 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators6 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• EMCOR Group: EMCOR Group is a large electrical and mechanical construction services provider with utility-scale power delivery and substation work through subsidiaries. Comparable to GridTek in its electrical construction services to utilities and industrial customers, though EMCOR is broader across mechanical and building services.
• Quanta Services: Quanta Services is the largest pure-play electric power infrastructure services company in North America, offering transmission, distribution, substation, and renewable energy construction services. Directly comparable to GridTek as the dominant scaled competitor with overlapping service lines and utility customer base.
• MasTec: MasTec is a large diversified infrastructure construction services provider with operations in communications, oil and gas, power delivery, and clean energy infrastructure. Comparable to GridTek in its power delivery segment, particularly after its acquisition of Pike Electric, a T&D services specialist.

Direct peers

• MYR Group: MYR Group is a specialty contractor focused on electrical construction including T&D, substations, and commercial/industrial work through subsidiaries like Sturgeon Electric and Great Southwestern Construction. Closely comparable to GridTek as a public T&D specialty contractor with similar utility customer mix.
• Miller Pipeline: Miller Pipeline is a utility infrastructure construction company specializing in gas distribution, electric distribution, and water/wastewater pipeline construction. Comparable to GridTek in its distribution-side construction and maintenance services to utility customers, with overlapping craft labor and storm response capabilities.
• Pike Electric: Pike Electric (acquired by MasTec in 2020) was a leading provider of electric T&D infrastructure services including storm response and substations. Comparable to GridTek as a directly overlapping specialty T&D contractor that competed for similar utility framework contracts before being absorbed into MasTec.
• IES Holdings: IES Holdings provides electrical contracting services including design, installation, and maintenance for commercial, industrial, and utility customers, with T&D and substation work through its infrastructure segment. Comparable to GridTek as a mid-sized electrical specialty contractor serving utility markets.
• Primoris Services Corporation: Primoris provides infrastructure construction across utilities, energy, and civil markets including transmission, distribution, substations, and renewable interconnects. Highly comparable to GridTek as a specialty infrastructure services firm serving similar utility customers with overlapping service offerings.

Others

• Burns & McDonnell: Burns & McDonnell is a major employee-owned engineering, architecture, and construction firm with significant transmission, distribution, and substation design-build capabilities for utilities. Comparable to GridTek as a design-build partner serving the same IOU customer base, though its broader EPC scope spans multiple infrastructure verticals.

Regional players

• Holtec International: Holtec International, through its HI-POWER subsidiary, provides T&D and substation construction services across the U.S. Comparable to GridTek as a specialty electrical contractor serving utility customers, though with a more limited geographic footprint than GridTek's multi-region platform.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments

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

Frequently asked questions about GridTek Utility Services