NEXT Electric

What NEXT Electric does

NEXT Electric, LLC is a Wisconsin-based electrical contractor founded in 2012 that designs, installs, and maintains electrical systems for commercial, industrial, healthcare, education, infrastructure, and high-rise clients. The firm operates as a wholly-owned subsidiary of IES Holdings, Inc. (Nasdaq: IESC), which reported $2.9B in annual revenue as of September 2024 across 130 locations and 9,000+ employees nationwide; NEXT is one of several regional operating divisions within the IES family of electrical contractors, ranked #6 on EC&M's 2024 Top 50 Electrical Contractors list.

The company's core service offering spans full-scope electrical contracting (design-build, design-assist, high/medium/low voltage installation, power distribution, instrumentation, commissioning, and start-up), a 24/7 service and constant-presence maintenance program, and a NEXT Technology division delivering low-voltage voice/data, access control, CCTV, and structured cabling. Service delivery is supported by an integrated technology stack anchored in BIM/VDC for 3D design coordination and virtual construction simulation, off-site prefabrication that converts BIM models into just-in-time work packages, critical scheduling, and a parent-level optimized supply chain.

NEXT generates revenue through project-based lump-sum contracts, design-build and design-assist arrangements, and recurring service and maintenance agreements, pursued via direct enterprise field sales relationships with general contractors, healthcare systems, educational institutions, government agencies, and property developers across Wisconsin. The go-to-market relies on project portfolio, safety reputation (multi-year ABC and AGC safety awards), and the scale advantage of being part of the IES Holdings family. Operational footprint includes a New Berlin headquarters (relocating from Waukesha in 2025-2026), branch offices in Little Chute and Madison, and reported activity in the Portland market.

Name

NEXT Electric

Legal name

NEXT Electric, LLC

Website

https://nextelectricllc.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

NEXT Electric is a Wisconsin-based commercial and industrial electrical contractor founded in 2012, serving healthcare, education, government, and infrastructure clients with design-build, installation, service, and BIM/VDC-enabled prefabrication under IES Holdings (Nasdaq: IESC).

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 industries

Electrical Contracting (Commercial/Industrial) (IMAIABAC), Electrical Pre-Commissioning & Energization Support (EUAEAJAC)

Keywords

• Electrical contracting
• Commercial electrical construction
• Low voltage systems
• Power distribution services
• Electrical maintenance services

Headquarters

HQ city

Brookfield

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electrical Construction Services: Project-based electrical construction services for commercial, industrial, healthcare, education, and infrastructure sectors. Revenue generated through lump-sum contracts, cost-plus arrangements, and design-build delivery methods for new construction and retrofit projects.
2. Service & Maintenance: Ongoing maintenance services including 24/7 emergency response, preventative maintenance, constant presence programs, troubleshooting, infrared thermography, and monthly lighting maintenance for existing facilities.
3. Low Voltage Systems: Installation of voice and data cabling, access control systems, paging, clock systems, CCTV security systems, and structured cabling through NEXT Technology division.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

NEXT Electric is an electrical contractor that designs, installs, and maintains electrical systems for commercial, industrial, healthcare, education, infrastructure, and high-rise projects across Wisconsin. Its work spans power distribution, lighting, fire alarm, low-voltage/structured cabling, instrumentation, commissioning, and 24/7 service and preventative maintenance, delivered through design-build, design-assist, BIM/VDC, and prefabrication workflows.

Product overview

NEXT Electric is a commercial and industrial electrical contracting company offering a comprehensive suite of integrated services as part of the IES Holdings family of electrical contractors. Their core offerings center on Electrical Contracting and 24/7 Service & Constant Presence, supported by advanced technology modules including BIM/VDC for virtual design, Prefabrication for off-site assembly, and Design Build/Design Assist for collaborative project delivery. Their service portfolio spans Electrical Construction Services, Maintenance Services, Power Distribution Services, Instrumentation Services, and Commissioning & Start-Up Services, complemented by Low Voltage Systems (NEXT Technology) for voice/data/security installations. These products work together as an end-to-end electrical solutions platform serving commercial, healthcare, education, infrastructure, and high-rise markets across Wisconsin.

Differentiator

Problem solved

Functional benefit

Products and services

• Electrical Contracting Comprehensive electrical construction services including design-build, design-assist, power distribution, lighting, fire alarm, instrumentation, commissioning, and BIM/VDC-driven prefabrication for commercial, industrial, healthcare, education, and infrastructure clients in Wisconsin.
• 24/7 Demand Service & Constant Presence

Quantifiable outcome

• Ranked #6 nationally on EC&M 2024 Top 50 Electrical Contractors list
• +2 more outcomes

Named customers12 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

Feature4 records

Partnerships

Three partnerships are on record, tiered core and major.

• IES Holdings, Inc. (Nasdaq: IESC)coreOthersNEXT Electric is a wholly-owned subsidiary of IES Holdings, Inc., one of the largest national electrical contractors. IES provides the parent company's scale, financial resources, and national network of 130 locations and 9,000+ employees. NEXT operates as part of the IES Electrical Family of contractors.
• Wisconsin Healthcare Engineering Association (WHEA)coreStrategic or Co-development PartnerNEXT Electric is a proud member of WHEA, an organization supporting professionals involved in design, construction, and maintenance of healthcare facilities. NEXT participates in annual conferences to collaborate with stakeholders, showcase capabilities, track compliance updates, and ensure efficient patient care through proper electrical infrastructure.
• American Heart Association - Hard Hats with HeartmajorStrategic or Co-development PartnerNEXT Electric has partnered with the American Heart Association's Hard Hats with Heart initiative for over 12 years. The program improves cardiovascular health of construction industry workers. NEXT's President Chris Surges serves as board chair. NEXT raised approximately $296,010 in 2024 and $350,000 in 2023 for the initiative.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Cache Valley Electric: Western U.S. electrical contractor with commercial, industrial, and transportation infrastructure work; comparable as a multi-region specialty electrical contractor.
• Power Design: National electrical contractor specializing in multi-family, commercial, and hospitality construction; directly comparable in design-build electrical contracting with a focus on scale and standardized delivery.
• Pieper Electric: Wisconsin-based full-service electrical contractor with similar mid-market scale, offering design-build, service, and low-voltage work for commercial, industrial, and healthcare clients in the Midwest.
• MMR Group: Large electrical and instrumentation contractor serving industrial, power, and commercial markets nationally; comparable on complex commercial/industrial electrical construction and instrumentation services.
• Faith Technologies: Wisconsin-headquartered electrical and specialty systems contractor serving commercial, industrial, healthcare, and mission-critical markets across the U.S. Closest comparable by geography, service mix, and customer profile.
• Hypower: Mid-sized commercial and industrial electrical contractor serving healthcare, education, and infrastructure end markets; comparable in scale and service-line breadth.
• Helix Electric: Top-10 national electrical contractor serving commercial, healthcare, industrial, and renewable markets with design-build and BIM/VDC capabilities analogous to NEXT's approach.
• E-J Electric Installation Co. Large multi-region electrical contractor serving commercial, healthcare, transit, and utility infrastructure markets; comparable in scale and project complexity.

Broad incumbents

• IES Commercial & Industrial: Sister division within IES Holdings providing commercial and industrial electrical contracting nationwide; directly comparable as a fellow IES subsidiary and natural internal benchmark for NEXT's performance.

Others

• Rosendin Electric:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/nextelectricllc
• Facebookfacebook.com/NextElectric
• LinkedInlinkedin.com/company/nextelectric
• Instagraminstagram.com/nextelectricllc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 NEXT Electric