IES Commercial & Industrial

What IES Commercial & Industrial does

IES Commercial & Industrial is a privately held US electrical contractor operating as a "Family of Electrical Contractors" with regional branches and specialized sub-brands. Founded in 1957 and headquartered at 1010 Bowen Parkway in Suffolk, Virginia, the company employs 501-1,000 people and delivers project-based electrical contracting services across five primary market sectors: commercial buildings, industrial facilities, education, healthcare, and transmission, distribution, and substations. Its multi-region footprint includes operational branches in Virginia, Nebraska, Portland (Oregon), Texas, and Greenville, with wholly owned specialized divisions including IES Mission Critical (high-reliability infrastructure), NEXT Electric, and Shanahan Mechanical & Electrical (SME). The firm is ranked #6 on EC&M's 2024 Top 50 Electrical Contractors and is consistently ranked in the Top 10 EC&M and Top 20 ENR Specialty Contractor lists.

The company generates revenue exclusively through professional services on a project-by-project basis, with quote-based pricing and no public pricing transparency. Customer logos span healthcare (Sentara Belleharbour Medical Center), education (Vose Elementary; University of Nebraska-Lincoln Architecture Hall Phase 2), commercial (Jefferson Bank, Block 17, Fogo De Chao), industrial/manufacturing (STF Pork Processing Plant, United Alloy), and hospitality/sports (Sandhills Global Youth Complex; Lake Mac Casino Resort). Work is sourced through direct project bidding, RFP responses, and established relationships with general contractors and project owners, delivered through locally rooted branch offices with centralized brand identity, quality, and safety standards.

IES is privately held with no parent company, no public listing, and no disclosed venture capital or private equity investment. The company emphasizes a culture of safety through its POWER of ONE program (100% team member participation), supports talent pipelines such as "Path to Becoming an Electrician" and "Powered by Vets," and markets itself through a multi-channel presence including its main website, the LiveWire newsroom, and active profiles on Instagram, LinkedIn, Facebook, and X. Revenue, headcount trend, and detailed ownership information are not publicly disclosed in available sources.

Name

IES Commercial & Industrial

Legal name

IES Commercial & Industrial

Website

https://iesci.net

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

501–1,000 employees

Short description

IES Commercial & Industrial is a privately held, multi-region US electrical contractor (founded 1957; Suffolk, VA HQ) operating as a Family of Electrical Contractors, delivering commercial, industrial, healthcare, education, and high-voltage infrastructure projects through regional branches and specialized sub-brands including IES Mission Critical, NEXT Electric, and SME.

Ownership category

akta.pro rank

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electrical Contracting Services: IES generates revenue through project-based electrical contracting work for commercial, industrial, healthcare, education, and infrastructure clients. Projects range from commercial buildings to industrial facilities and healthcare institutions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

IES Commercial & Industrial is a family of electrical contractors delivering project-based commercial, industrial, education, healthcare, and high-voltage (transmission, distribution, and substation) electrical contracting services through a network of regional branches across the United States. Offerings include specialty divisions such as mission-critical electrical infrastructure (IES Mission Critical) and mechanical-electrical contracting (Shanahan Mechanical & Electrical), serving general contractors and project owners via direct bids and RFPs.

Product overview

IES Commercial & Industrial is a family of electrical contractors providing commercial and industrial electrical solutions. The company operates as a unified platform with multiple regional sub-brands including IES Electrical (main brand ranked #6 on EC&M's 2024 Top 50), IES Mission Critical (specialized infrastructure), and regional divisions in Virginia, Nebraska, Portland, Texas, and Greenville. Additional family members include NEXT Electric and Shanahan Mechanical & Electrical (SME). Services span commercial, industrial, education, healthcare, and transmission/distribution/substation market sectors, delivered through 67+ years of industry experience.

Differentiator

Problem solved

Functional benefit

Products and services

• IES Electrical Main electrical contracting services brand offering commercial and industrial electrical solutions delivered through local branches with national scale; serves general contractors and project owners across multiple U.S. states.
• IES Mission Critical Specialized electrical contracting division focused on mission-critical electrical infrastructure projects requiring high reliability and uptime.
• IES Electrical Virginia Regional branch delivering electrical contracting services for the Virginia market, including commercial and industrial projects such as Sentara Belleharbour Medical Center.
• IES Electrical Nebraska Regional branch delivering electrical contracting services for the Nebraska market across commercial, industrial, and education projects.
• IES Electrical Portland Regional branch delivering electrical contracting services for the Portland, Oregon market across commercial and education projects.
• IES Electrical Texas Regional branch delivering electrical contracting services for the Texas market across commercial and industrial projects.
• IES Greenville Demand Service Regional demand-service electrical offering serving the Greenville market for time-sensitive and service-driven electrical needs.
• NEXT Electric Division within the IES Family of Electrical Contractors providing electrical services to specific market needs, operating as an acquired brand retained within the family.
• Shanahan Mechanical & Electrical (SME) Mechanical and electrical contracting services division within the IES Family of Electrical Contractors; provides combined M&E delivery for commercial, education, and industrial projects.

Quantifiable outcome

• Ranked #6 on EC&M's 2024 Top 50 Electrical Contractors

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• NEXT ElectricminorOthersPart of the IES Family of Electrical Contractors network. NEXT Electric is a division/branding within the IES contractor family serving specific market needs.
• Shanahan Mechanical & Electrical (SME)coreOthersKey partner within the IES network, SME won multiple ABC Excellence in Construction Awards in 2024 including Eagle Awards for University of Nebraska-Lincoln Architecture Hall Phase 2 and Sandhills Global Youth Complex. Operates as part of IES family of contractors.
• IES Mission CriticalcoreOthersSpecialized division within the IES Family of Electrical Contractors focused on mission-critical electrical infrastructure projects.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Quanta Services: Quanta Services is the largest publicly traded infrastructure electrical contractor in North America, providing transmission, distribution, substation, and commercial/industrial electrical services. It is the most directly comparable peer given IES's T&D substation capability and multi-vertical scope, though Quanta operates at materially larger scale.
• MYR Group: MYR Group is a publicly traded specialty electrical construction services provider covering transmission, distribution, commercial, and industrial markets. Highly comparable to IES Commercial & Industrial's vertically diversified electrical contracting scope.
• Faith Technologies: Faith Technologies is one of the largest privately held electrical contractors in the U.S., serving commercial, industrial, and mission-critical customers including data centers. Closely comparable in size, vertical mix, and mission-critical focus.
• Rosendin Electric: Rosendin is a large employee-owned electrical contractor serving commercial, industrial, and data center markets across the U.S. Highly comparable multi-vertical private electrical contractor with similar safety and workforce culture emphasis.
• Power Design: Power Design is a privately held, national electrical contractor ranked among the top U.S. electrical firms, focused on multifamily, commercial, and industrial projects. Comparable in scale, geographic reach, and customer segments.
• MMR Group: MMR Group is a privately held electrical and instrumentation contractor serving industrial and commercial markets, particularly petrochemical and heavy industrial. Comparable to IES's industrial segment focus and project-based contracting model.
• Helix Electric: Helix Electric is one of the largest privately held electrical contractors in the U.S., serving commercial, industrial, and mission-critical customers nationwide. Direct peer in size, multi-state footprint, and vertical specialization.
• Henkels & McCoy: Henkels & McCoy is a privately held infrastructure contractor providing electrical, gas, and telecommunications construction services, with strong transmission and distribution capability. Comparable on T&D/substation and large-project utility work.

Broad incumbents

• EMCOR Group: EMCOR Group is a large publicly traded provider of electrical and mechanical services for commercial, industrial, and utility customers. It competes directly in IES's core commercial/industrial verticals but operates with much broader mechanical and facilities-services scale.
• IES Holdings: IES Holdings (NASDAQ: IESC) is a publicly traded provider of electrical and mechanical infrastructure services with a comparable 'family of contractors' brand strategy. Operates similar commercial/industrial electrical contracting work but with broader mechanical and infrastructure scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/iesciusa
• Facebookfacebook.com/iesciusa
• LinkedInlinkedin.com/company/ies-commercial-industrial
• Instagraminstagram.com/iesciusa

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries8 records

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 IES Commercial & Industrial