What ADCO Electrical Corp. does

ADCO Electrical Corporation is a privately held, women-owned electrical and communications contracting firm founded in 1977 by Richard Addeo and headquartered in New York City, with additional offices in Staten Island and Edison, New Jersey. The firm operates as a unionized trade subcontractor (signatory to IBEW Local #3) delivering full-scale electrical construction engineering and installation — including power distribution, lighting, emergency backup, low-voltage systems, fire alarm, security, DAS/WiFi, and nurse call — across healthcare, aviation, commercial interiors, stadiums/venues, base building, and warehousing/logistics projects in the NYC metropolitan area.

ADCO's customer base is concentrated in marquee institutional and commercial clients, including NYU Langone Health, Mount Sinai, Staten Island University Hospital, Memorial Sloan Kettering, Delta Airlines (LaGuardia/JFK), NASDAQ, Deutsche Bank, Madison Square Garden, Yankee Stadium, USTA, and Alexandria Real Estate Equities, with project execution typically delivered via premier general contractors such as Turner Construction, Suffolk, Structure Tone, LF Driscoll, and Hunter Roberts. The company's revenue model is project-based B2B construction contracting; pricing is quote-driven based on scope, labor, materials, and complexity and is not publicly disclosed.

Operationally, ADCO has invested in an internal Big Data and Analytics 'Business Use Case' visualization platform that delivers prescriptive and predictive analytics with real-time actuals against planned metrics across the project lifecycle. Ownership is split 51% to the Addeo family (Gina and Lisa Addeo, second-generation leaders) and 49% to an Employee Stock Ownership Plan since 2019, and the firm holds Women-Owned Business Enterprise certifications from WBENC, the City of New York, the Port Authority of NY/NJ, and the School Construction Authority.

Name

ADCO Electrical Corp.

Legal name

ADCO Electrical Corporation

Website

https://adcoonline.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

101–250 employees

Short description

ADCO Electrical Corporation is a privately held, women-owned unionized electrical and communications contractor serving healthcare, aviation, commercial, stadium, and logistics clients across the NYC metropolitan area via premier general contractor partnerships.

Ownership category

akta.pro rank

Headquarters

HQ city

Staten Island

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, Infrastructure, Marketing or Sales

Revenue model

1. Electrical Construction Services: ADCO generates revenue as an electrical and communications contractor serving as trade partner to general contractors on construction projects. Services include electrical infrastructure installation, low voltage systems, and integrated technologies. The company is described as a client-centric multi-million dollar corporation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

ADCO is a unionized electrical and communications contractor providing full-scale electrical construction engineering and installation services for commercial, institutional, and infrastructure projects. Core work covers power distribution, lighting, emergency backup systems, low voltage and communications infrastructure (security, DAS, WIFI, A/V, fire alarm, nurse call), pre-construction and BIM services, EV fleet management systems, and large-scale solar PV installation. The firm operates as a trade partner/subcontractor to general contractors on complex, fast-track projects across healthcare, aviation, stadiums/venues, commercial interiors, base buildings, and warehousing/logistics in the NYC metropolitan area.

Product overview

ADCO Electrical Corp. is a Women-owned electrical contracting company (founded 1977) providing construction and installation services primarily in the New York metropolitan area. The company operates as a single unified service offering across electrical construction, low voltage systems, and data/communications infrastructure, serving sectors including healthcare, airports, stadiums, commercial interiors, and warehousing. Their primary deliverable is skilled labor and installation services for electrical and communications systems on construction projects, supplemented by an internal Big Data and Analytics platform that provides prescriptive and predictive analytics to optimize construction outcomes.

Differentiator

Problem solved

Functional benefit

Products and services

• Electrical Construction Services Full-scale electrical construction engineering and installation services for commercial, industrial, and infrastructure projects including power distribution, lighting systems, and emergency backup systems. Delivered as a trade partner to general contractors and direct engagements with healthcare systems, airports, stadiums, and commercial developers in the NYC metropolitan area.
• Low Voltage and Communications Systems Integrated low voltage and communications infrastructure services for commercial and healthcare facilities, covering data, security, DAS, WIFI, wayfinding, audio/visual, fire alarm, smoke control, and nurse call systems.
• Solar Panel Installation Services Large-scale solar PV installation services including design coordination with NYSERDA-approved incentive programs and integration into building exterior structures. Most notable project: 3,317 solar panels installed on the Staten Island Mall parking garage.
• EV Fleet Management System Integration Integrated EV fleet management and charging infrastructure deployment services for logistics and warehousing facilities. Includes electrical infrastructure and installation for EV fleet charging systems. Notable deployments include the 770,000 sq ft RXR Realty logistics and last-mile distribution center in Queens.

Quantifiable outcome

• 3,317 solar panels installed on Staten Island Mall parking garage
• +1 more outcomes

Named customers18 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature1 record

Partnerships

Ten partnerships are on record, tiered core, major and minor.

• Turner ConstructioncoreImplementation/ SI/ Consulting PartnerTurner Construction is a premier construction management firm and ADCO's primary general contractor partner on major projects including Yankee Stadium, Madison Square Garden, USTA, Delta HeadHouse at LGA, JFK Terminal 4, TWA Hotel, NYU Langone, MSK David Koch Center, David Geffen Hall, and Mercer Street.
• Suffolk ConstructioncoreImplementation/ SI/ Consulting PartnerSuffolk Construction serves as premier builder on complex projects in tight urban settings. ADCO partnered with Suffolk on Staten Island Mall expansion and solar panel project, and Confidential Project 2 warehouse and logistics center.
• Structure TonemajorImplementation/ SI/ Consulting PartnerStructure Tone is a leading interiors company. ADCO worked as trade partner for Deutsche Bank headquarters project.
• LF DriscollmajorImplementation/ SI/ Consulting PartnerLF Driscoll is an industry-leading construction management firm with healthcare construction expertise. ADCO was trade partner for Richmond University Medical Center Emergency Trauma Department project.
• Hunter Roberts Construction GroupmajorImplementation/ SI/ Consulting PartnerHealthcare construction management expert. ADCO partnered on Staten Island University Hospital $17.5 million Cardiovascular Care Unit project.
• JT Magen & CompanymajorImplementation/ SI/ Consulting PartnerLeading builder in commercial interiors sector. ADCO was trade partner for NASDAQ Market Site expansion project.
• RXR RealtymajorStrategic or Co-development PartnerRXR Realty envisioned the 770,000 sq ft logistics and last-mile distribution center in Queens. ADCO provided electrical construction and EV fleet management system installation.
• IBEW Local #3coreStrategic or Co-development PartnerInternational Brotherhood of Electrical Workers Local #3 is the union workforce for ADCO. The company is a signatory contractor with 15 years of Richard Addeo's journeyman and foreman experience informing company foundation. The union has highest placement success rate for NEW graduates.
• Nontraditional Employment for Women (NEW)minorStrategic or Co-development PartnerADCO works closely with NEW to recruit, train, and place women in careers in unionized construction industry. Leadership represented on board for over two decades by Gina Addeo and Susan Hayes.
• NYSERDAminorOthersNew York State Energy Research and Development Authority approved incentive program for the Staten Island Mall solar panel project with 3,317 panels installed on parking garage.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Five Star Electric Corp: Long-standing New York City union electrical contractor serving commercial, transportation, healthcare and infrastructure projects through IBEW Local #3. Directly comparable to ADCO in scope, customer profile, and NYC metro focus.
• E-J Electric Installation Co. One of the largest union electrical contractors in the NYC metro area, working on major commercial, institutional, and transit projects. Comparable to ADCO in customer base, IBEW Local #3 signatory status, and large-project execution model.
• Hatzel & Buehler Inc. NYC-based union electrical contractor providing commercial, industrial, and institutional electrical construction. Overlaps ADCO in vertical mix (offices, healthcare, arenas) and union-based delivery in the NYC metro.
• Welsbach Electric Corp. New York City union-affiliated electrical contractor serving utility, transit, commercial and industrial customers. Comparable IBEW Local #3 delivery model and large-project focus in the same regional market as ADCO.

Broad incumbents

• EMCOR Group, Inc. Large publicly traded national provider of electrical and mechanical construction, including commercial, industrial, and utility work. Overlaps with ADCO in commercial/industrial electrical contracting but at significantly greater scale and geographic breadth.
• Quanta Services, Inc. National infrastructure-focused electrical contractor serving electric power, oil & gas, telecom and renewables. Broader and more infrastructure-heavy than ADCO but materially comparable as a unionized electrical construction provider expanding into EV/solar.
• IES Holdings, Inc. National provider of electrical and mechanical infrastructure solutions for commercial, industrial, and residential customers. Comparable business model in commercial electrical contracting but with much broader geographic footprint than ADCO.
• MYR Group Inc. Publicly traded specialty contractor in electrical construction across commercial, industrial, and transmission markets. Comparable in core electrical contracting services, but operates nationally and in T&D markets that ADCO does not serve.

Others

• Turner Construction Company: Premier NYC general contractor that is ADCO's largest and most strategic GC partner across nearly all of its marquee projects. Not a peer in the competing sense, but a critical channel and ecosystem participant whose bid decisions shape ADCO's pipeline.
• Structure Tone: Major NYC interiors-focused general contractor and a recurring ADCO trade partner on commercial interiors projects such as the Deutsche Bank headquarters. Comparable as a NYC construction ecosystem participant rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks2 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 ADCO Electrical Corp.