Ward Electric

What Ward Electric does

Ward Electric Company, Inc. is a privately held, family-owned electrical contractor founded in 2005 in Longmont, Colorado, that delivers turnkey power infrastructure services to electric utilities, rural electric cooperatives, renewable energy developers, and commercial/industrial/residential customers across the lower 48 states. Core offerings span transmission lines (69kV to 345kV), overhead and underground distribution, substation construction from foundation through final testing, directional drilling, fiber optic installation, renewable interconnection, storm restoration/emergency response, and ChargePoint-certified EV charging station installation. The company also operates Ward Engineering, Inc. (a wholly-owned subsidiary established in December 2013) which provides in-house engineering, surveying, staking, and project management licensed in Colorado, Nebraska, Wyoming, Kansas, Texas, New Mexico, Iowa, and South Dakota.

The business is built around an integrated service model: project-based revenue from competitive bidding on utility and commercial work, supplemented by professional services fees through Ward Engineering and hardware resale through the EV charging program. The company runs its own nearly 900-unit fleet of cranes, tensioners, diggers, trenchers, and bucket trucks, supported by a 360-plus employee workforce and a 36,000+ sq ft Longmont headquarters. Geographic operations include Sioux City, Iowa (opened June 2018), Conroy, Iowa (opened 2022), and field crews deployed across multiple states for transmission work and emergency storm response.

Ownership has remained within the Ward family since founding by Mike and Joyce Ward; in 2012, sons Mark Ward (CEO) and Matt Ward (President) became majority owners. The company has no outside institutional investors, private equity backing, or publicly disclosed revenue figures. Ranking evidence includes ENR Top 600 Specialty Contractors (No. 339 in 2024, up from No. 415 in 2019), BizWest No. 1 electrical contractor since 2019, and 47% two-year revenue growth per BizWest Mercury 100. The customer base includes investor-owned utilities (Xcel Energy, Rocky Mountain Power, Omaha Public Power District), renewable developers (NextEra Energy Resources, Acciona Energy), and a long roster of Colorado and Midwest cooperatives.

Name

Ward Electric

Legal name

Ward Electric Company, Inc.

Website

https://wardelectriccompany.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Ward Electric Company is a family-owned, full-service electrical contractor founded in 2005 in Longmont, Colorado, providing transmission, distribution, substation, renewable, EV charging, and storm-restoration services to electric utilities, cooperatives, and developers across the lower 48 states.

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), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Substation EPC & construction (AIS/GIS, greenfield/brownfield) (EUADAKAC)

akta.pro secondary industries

Engineering design services (line design, substation design, civil/structural) (EUADAKAG), Cable Installation & Construction Services (trenching, duct banks, HDD, pulling, cable laying) (EUADADAI)

Keywords

• Electrical contracting services
• Power line construction
• Transmission and distribution
• Substation construction
• Renewable energy infrastructure

Headquarters

HQ city

Longmont

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electrical Construction Services: Project-based revenue from electrical construction services including transmission, distribution, substations, commercial, industrial, and residential electrical work. Revenue is generated through competitive bidding on projects and direct contracting with utilities, municipalities, and private clients.
2. Engineering Services: Ward Engineering provides overhead and underground distribution, transmission and substation design services. Licensed in Colorado, Nebraska, Wyoming, Kansas, Texas, New Mexico, Iowa and South Dakota.
3. EV Charging Station Products and Installation: As a ChargePoint certified installer, the company can both install and sell ChargePoint EV charging devices to individuals, property owners, businesses and organizations.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Ward Electric is a full-service electrical contractor providing turnkey power line construction (transmission 69kV–345kV and overhead/underground distribution), substation construction, renewable energy infrastructure (wind and solar), residential/commercial/industrial electrical services, directional drilling, fiber optic installation, and emergency storm repair. The company also offers EV charging station installation as a ChargePoint-certified provider and operates Ward Engineering for in-house design and project management.

Product overview

Ward Electric Company is a full-service electrical contractor offering a unified portfolio of power infrastructure services. The core offerings include Power Lines (Transmission & Distribution), Substations, Renewables (Solar & Wind), and Residential/Commercial/Industrial Electrical services. Supporting services include Directional Drilling, Storm Repair/Emergency Response, and Fiber Optic Installation. A specialized capability is EV Charging Station Installation (ChargePoint certified). The company also operates Ward Engineering as a subsidiary providing comprehensive engineering and design services for overhead/underground distribution, transmission, and substation projects. The portfolio functions as an integrated service offering, enabling the company to deliver projects from initial design through construction and maintenance.

Differentiator

Problem solved

Functional benefit

Brands

• JoyforWard Foundation: A charitable foundation launched by Mark and Matt Ward to honor their late mother Joyce Ward, supporting faith-based education, nursing, veteran, and youth programs as well as organizations supporting special needs.

Products and services

• Power Lines (Transmission & Distribution) Turnkey solutions for transmission and distribution power line construction, covering voltages from 69kV to 345kV and configurations including T2'336 to 1295 bundled conductors. For utilities and developers needing new or upgraded grid infrastructure.
• Substations
• Renewables (Solar & Wind)
• Residential, Commercial & Industrial Electrical
• Directional Drilling
• Storm Repair / Emergency Response
• Fiber Optic Installation
• EV Charging Station Installation ChargePoint-certified installation of electric vehicle charging stations for commercial, industrial, and residential settings, including device procurement and installation services. For businesses, fleets, property owners, and homeowners deploying EV charging.
• Ward Engineering Standalone engineering subsidiary providing overhead and underground distribution, transmission, and substation design. Capabilities include engineering, designing, surveying, staking, project management, and inspection. Licensed in Colorado, Nebraska, Wyoming, Kansas, Texas, New Mexico, Iowa, and South Dakota. For utilities and developers needing design-phase support.

Quantifiable outcome

• 47% two-year revenue growth
• +3 more outcomes

Named customers12 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

Feature3 records

Scale indicators8 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Henkels & McCoy: Henkels & McCoy is a privately held utility infrastructure contractor providing transmission, distribution, and substation construction services, closely overlapping Ward Electric's core offerings to electric utilities and co-ops.
• MYR Group Inc. MYR Group is a publicly traded specialty contractor delivering transmission, distribution, substation, and commercial/industrial electrical construction services across the U.S., directly comparable to Ward Electric's core utility-focused contracting model.
• Rosendin Electric: Rosendin Electric is one of the largest privately held U.S. electrical contractors, providing transmission, distribution, and commercial/industrial electrical services with employee-ownership, comparable to Ward Electric's full-service electrical contracting scope.
• Faith Technologies: Faith Technologies is a privately held national electrical contractor offering design-build, commercial, industrial, and renewable electrical services, comparable to Ward Electric as a multi-state electrical specialty contractor with similar customer types.
• IES Holdings: IES Holdings is a publicly traded electrical contractor providing commercial, industrial, and utility electrical services including transmission and distribution, closely comparable to Ward Electric's residential/commercial/industrial electrical and utility services portfolio.

Broad incumbents

• MasTec: MasTec is a large diversified infrastructure construction firm serving electric, oil & gas, and communications end markets, overlapping with Ward Electric on utility transmission, distribution, and substation work.
• Quanta Services: Quanta Services is the largest publicly traded electric power infrastructure services company in North America, with a much broader portfolio than Ward Electric but directly competing for the same utility T&D and renewable interconnection projects.
• Burns & McDonnell: Burns & McDonnell is a large privately held engineering, architecture, construction, and consulting firm with substantial transmission, distribution, and substation expertise that overlaps with both Ward Engineering's design services and Ward Electric's construction scope.
• EMCOR Group: EMCOR Group is a large publicly traded mechanical and electrical construction services provider, competing with Ward Electric on the commercial and industrial electrical installation side while operating at significantly greater scale.
• Primoris Services Corporation: Primoris is a publicly traded specialty contractor serving utilities, renewables, and pipeline end markets with T&D and substation capabilities that overlap with Ward Electric's utility and renewable infrastructure projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/wardelectriccompany
• LinkedInlinkedin.com/company/ward-electric-company-inc
• Instagraminstagram.com/wardelectriccompany

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 Ward Electric