Valley Electric Company

What Valley Electric Company does

Valley Electric Company, founded in 1982 and headquartered in Everett, Washington (with additional offices in Seattle and Moses Lake), is a full-service electrical contractor serving commercial, industrial, residential, transportation/heavy civil, and marine markets across the Western United States — Washington, Oregon, Idaho, California, and Nevada. Through its family of companies, which includes Comet Electric (acquired in 2023 for Southern California/Nevada coverage), the firm offers an integrated service stack spanning preconstruction planning, design-build and design-assist delivery, Building Information Modeling (BIM) coordination, off-site prefabrication at its Merrill Creek Parkway fabrication facility, installation of electrical and low-voltage infrastructure, and 24/7 service with proactive/predictive maintenance programs for installed electrical power equipment. Specialized capabilities include LEED-certified and sustainable construction execution, mission-critical/data center work, and grid modernization.

The business operates on a project-based contracting model — fixed-price, lump-sum, and design-assist agreements — secured through competitive bidding on public works and negotiated contracts on private work, supported by bonding capacity of $250M single-project and $450M+ aggregate. Customers include marquee technology tenants (Microsoft, Amazon, Expedia, Allen Institute, Qualtrics), state and municipal agencies (WSDOT, Sound Transit, Seattle City Light, Port of Seattle/SeaTac, King County), healthcare and education systems (Seattle Children's, UW Medical, MultiCare, Valley Medical, Seattle Public Schools), and utilities — delivered through an enterprise field-sales GTM and direct project execution. Following a 14-year hold by Prospect Capital Corporation (2012-2026) during which revenues expanded 289%, Valley Electric was acquired by MYR Group Inc. (NASDAQ:MYRG) for approximately $328 million in a transaction that closed on July 1, 2026.

Name

Valley Electric Company

Legal name

Valley Electric Company, Inc.

Website

https://velectric.com

Company type

Private

Founded year

1982

Operating status

Acquired

Headcount range

251–500 employees

Short description

Valley Electric is a full-service electrical contractor serving commercial, industrial, transportation, healthcare, education, and government clients across the Western U.S. (WA, OR, ID, CA, NV) through project-based contracting, design-build, BIM, prefabrication, and 24/7 service and predictive maintenance capabilities.

Ownership category

akta.pro rank

Product category

Electrical Contracting Services

NAICS

Electrical Contractors and Other Wiring Installation Contractors (23821), Power and Communication Line and Related Structures Construction (237130)

SIC

Electrical Work (1731)

akta.pro primary industry

Electrical Contracting & Wiring (IMAFALAA)

akta.pro secondary industry

Low-Voltage Wiring (Data/CAT6, Coax, Phone) (HSAOADAI)

Keywords

• Electrical contracting services
• Design-build construction
• Commercial electrical systems
• Transportation infrastructure electrical
• Mission critical facilities

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electrical Contracting Services: Project-based electrical contracting services including design-build, preconstruction, installation, and maintenance for commercial, industrial, residential, transportation, and marine projects. Revenue is generated through fixed-price contracts, lump sum agreements, and design-assist delivery methods.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Valley Electric Company is a full-service electrical contractor providing preconstruction, design-build/assist, BIM coordination, prefabrication, electrical and low-voltage systems installation, and 24/7 service and predictive maintenance. The company serves commercial, healthcare, education, transportation/infrastructure, industrial, water/wastewater, and mission-critical/data center projects across Washington, Oregon, Idaho, California, and Nevada, delivering through competitive bidding, negotiated contracts, and design-build delivery methods.

Product overview

Valley Electric Company is a full-service electrical contractor operating as part of a family of companies (Valley Electric and Comet Electric). The company offers a comprehensive suite of electrical services including preconstruction, design-build/assist, BIM, prefabrication, electrical and low-voltage systems installation, and 24/7 service and maintenance. The company specializes in key sectors including transportation, aviation, mission critical/data centers, water/wastewater, industrial, education, healthcare, and commercial markets across Washington, Oregon, Idaho, California, and Nevada.

Differentiator

Problem solved

Functional benefit

Brands

• Comet Electric: Southern California electrical contracting operations acquired by Valley Electric in 2023.

Products and services

• Electrical Contracting Services

Quantifiable outcome

• Revenue growth of 289% during Prospect Capital ownership period (2012-2026)
• +3 more outcomes

Named customers17 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• MYR Group Inc.coreOthers · 1 July 2026Valley Electric Company was acquired by MYR Group Inc. for approximately $328 million in a cash-and-debt transaction. The acquisition closed on July 1, 2026, and Valley Electric is now part of MYR Group's portfolio of electrical construction contractors, enhancing the company's Commercial & Industrial segment capabilities and Western U.S. geographic reach.
• Comet Electric Inc.coreOthersValley Electric acquired Comet Electric Inc. in 2023, one of Southern California's leading electrical contractors. Comet Electric, founded in 1976 and headquartered in Chatsworth, California, operates as part of Valley Electric's family of companies covering California and Nevada markets. Together, Valley Electric and Comet Electric generated average annual revenues exceeding $400 million over the past two years.
• IBEW Local 46 (Puget Sound)minorOthersInternational Brotherhood of Electrical Workers Local 46 represents electrical workers in the Puget Sound region. Valley Electric supports IBEW apprenticeship programs and works with the union for workforce development, including the Puget Sound Electrical Joint Apprenticeship and Training Committee (JATC).
• AGC of Washington (Associated General Contractors)minorOthersValley Electric is an active member of AGC of Washington, participating in industry events, safety programs, and construction excellence awards. Multiple awards received through AGC recognition programs.
• AIA Seattle (American Institute of Architects)minorOthersValley Electric partners with AIA Seattle and maintains relationships with architectural firms for design-build and design-assist projects, receiving multiple AIA awards for project excellence.
• NECA (National Electrical Contractors Association)minorOthersValley Electric holds membership in NECA Cascade Chapter and NECA Puget Sound Chapter, receiving multiple safety excellence awards through NECA recognition programs.
• DBIA (Design Build Institute of America)minorOthersValley Electric is a member of DBIA and DBIA Northwest Chapter, participating in design-build industry recognition and receiving multiple National Merit Awards for design-build projects.
• Everett Chamber of CommerceminorOthersValley Electric is a member of the Everett Chamber of Commerce, supporting local business community and economic development in the Snohomish County region.
• USGBC (U.S. Green Building Council)minorOthersValley Electric supports LEED-certified construction through involvement with USGBC, with multiple projects achieving LEED certification including Platinum, Gold, and Silver levels.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Quanta Services: NYSE-listed largest specialty contractor in North America, focused on electric and gas T&D, renewables, and underground/utility infrastructure. Competes primarily in utility-scale work but increasingly overlaps commercial and data center electrical scope.
• MYR Group Inc. Publicly traded (NASDAQ:MYRG) specialty contractor in T&D and commercial & industrial electrical construction. Parent of Valley Electric following the 2026 acquisition; operates a national scale significantly larger than Valley's pre-acquisition footprint, providing direct competitive overlap in commercial and industrial work.
• EMCOR Group: NYSE-listed leader in mechanical and electrical construction, facilities services, and energy solutions. Operates across far broader geographies and end markets than Valley; competes on large healthcare, data center, transportation, and commercial projects.

Direct peers

• CSI Electrical Contractors: California-based full-service electrical contractor specializing in commercial, industrial, healthcare, and renewable energy projects. Geographic overlap with Valley's Comet Electric subsidiary and direct overlap in design-build delivery methods.
• IES Holdings: Publicly traded electrical and communications contractor (NASDAQ: IESC) operating across commercial, industrial, data center, and infrastructure end markets. Competes head-to-head on design-build commercial projects and data center engagements in the Western U.S.
• Rosendin Electric: One of the largest employee-owned electrical contractors in the U.S., with deep capabilities in commercial, data center, transit, and design-build work. Direct competitor for the same hyperscaler, healthcare, and transportation projects Valley pursues; comparable bonding capacity and prefabrication infrastructure.
• Helix Electric: Privately held, large-scale electrical contractor with operations spanning the Western U.S. and Southeast. Direct competitor for commercial, healthcare, hospitality, and data center projects; comparable bonding capacity and self-perform prefab model.
• Faith Technologies: Large national electrical and specialty systems contractor with strong data center, healthcare, and commercial portfolios. Competes directly for the same mission-critical and tech-campus projects, with similarly integrated prefab and self-perform capabilities.
• Cache Valley Electric: Large privately held electrical contractor based in the Western U.S. with commercial, transportation, and utility project portfolios. Competes for similar design-build transportation and data center work in overlapping geographies.

Regional players

• Hunt Electric: Mid-sized electrical contractor serving commercial, industrial, and renewable energy markets primarily in the Mountain West and upper Midwest. Comparable in scope and size to Valley, with overlapping design-build and prefab capabilities, though less concentrated in Pacific Northwest tech campuses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/valleyelectricwa
• Xx.com/valleyelectric1
• Facebookfacebook.com/valley-electric-co-1144738388901351
• LinkedInlinkedin.com/company/1233074

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Valley Electric Company