Bana Electric Corp

What Bana Electric Corp does

Bana Electric Corp is a third-generation, employee-owned (ESOP) electrical contracting company founded in 1955 and headquartered at 50 Gazza Boulevard, Farmingdale, New York. The company delivers comprehensive commercial, industrial, institutional, and residential electrical services across Long Island (Suffolk and Nassau counties) and the New York City metropolitan area. Its core offerings span low, medium, and high voltage power distribution; lighting systems; fire alarm and emergency responder radio communications; SCADA integration; renewable energy solutions including solar and net-zero building electrical work; EV charging infrastructure; security, data network, fiber optic, and life-safety systems (nurses call, public address, intercom); and specialized systems such as theatrical lighting, UPS, surge suppression, and synchronized clocks. The company executes both bid-build and turnkey design-build delivery methods.

The business model is project-based, with revenue generated primarily through fixed-price electrical installation contracts awarded via competitive bidding to government agencies, educational institutions, healthcare providers, utilities, commercial property owners, and residential customers. Bana Electric is a signatory contractor with IBEW Local 25 and the longest-standing member of NECA's Long Island Chapter, providing preferential access to the skilled union workforce required for major public-sector and institutional work. Notable completed projects include the $64.99M UBS Arena at Belmont Park, the $31.79M Caithness 330MW combined cycle power plant, the $27.7M SUNY Stony Brook MART & Bed Tower, a $26.3M correctional facility for Suffolk County, and a $19.66M Roosevelt Field Mall upgrade for Simon Property Group. A related testing subsidiary, BEC Testing (bectesting.com), operates as a certified TEGG provider for preventive maintenance and predictive electrical testing.

Bana Electric's go-to-market combines enterprise field sales through competitive public and private bidding with a direct-to-consumer emergency service motion (24/7 phone response at 631-249-6110, with Square payment links across Suffolk, Nassau, and NYC). Customer mix skews toward state and county government, healthcare systems, K-12 and higher education, energy producers, and large commercial property owners, with a long tail of smaller residential and commercial service work. While the company maintains a regional Long Island/NYC footprint rather than national scale, its bonding capacity and ESOP-driven workforce stability position it to deliver multi-million to nine-figure institutional and infrastructure projects within the Northeast corridor.

Name

Bana Electric Corp

Legal name

Bana Electric Corp.

Website

https://banaelectric.com

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

11–50 employees

Short description

Bana Electric Corp is a third-generation, employee-owned (ESOP) electrical contractor founded in 1955, serving government, healthcare, education, energy, and commercial clients across Long Island and NYC with design-build, high/medium voltage, SCADA, renewable energy, and emergency electrical services.

Ownership category

akta.pro rank

Product category

Electrical Contracting Services

NAICS

Electric Power Transmission, Control, and Distribution (22112)

SIC

Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

High-Voltage Electrical Systems (Switchgear, Transformers, Protection & Control) (EUAEAFAA)

akta.pro secondary industries

Protection, Control & SCADA/Automation Installation (Relay Panels, RTUs) (IMAFAHAF), Engineering design services (line design, substation design, civil/structural) (EUADAKAG), Low-Voltage Switchboards & Panelboards (LV distribution panels, MCCs, switchboards) (IMAGAEAA)

Keywords

• Electrical contracting services
• Commercial electrical installation
• High voltage systems
• Design-build electrical
• Electrical testing maintenance

Headquarters

HQ city

Farmingdale

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Project-Based Electrical Contracting: Revenue generated through fixed-price contracts for electrical installation projects across commercial, industrial, municipal, and residential sectors. Projects range from small electrical upgrades to major infrastructure installations. Payment facilitated through Square payment links and direct invoicing.
2. Emergency Electrical Services: 24/7 emergency electrical service revenue from immediate response calls for electrical failures, outages, and urgent repairs.
3. Electrical Testing and Maintenance: Partner division BEC Testing provides electrical testing, maintenance, and safety solutions as a certified TEGG provider.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Bana Electric Corp is a third-generation, employee-owned electrical contracting firm that installs, maintains, and tests power distribution, lighting, fire alarm, SCADA, telecommunications, and renewable energy systems for commercial, industrial, institutional, and government facilities across Long Island and NYC. The company delivers projects via bid-build and design-build methods, supported by a 24/7 emergency response team and a partner testing division (BEC Testing).

Product overview

Bana Electric Corp is a third-generation, employee-owned electrical contracting company established in 1955, offering a comprehensive portfolio of commercial and residential electrical services. The company operates as a single unified service offering that includes design-build, new construction, and revitalization projects. Their core services encompass power systems (low/medium/high voltage), lighting installations, fire alarm systems, renewable energy solutions (solar), security systems, data/telecommunications infrastructure, and specialized systems including theatrical lighting, nurses call systems, and synchronized clock systems. The company also operates a subsidiary brand, BEC Testing, which provides specialized electrical testing, maintenance, and safety solutions including infrared and thermal imaging services. The portfolio is delivered through a combination of bid-build and turnkey design-build project delivery methods across diverse facility types including power plants, healthcare facilities, educational institutions, arenas, municipal buildings, and industrial complexes.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Electrical Services Comprehensive electrical installation, maintenance, and energy-efficient solutions for commercial buildings and facilities, including power distribution, lighting, fire alarm, security, and telecommunications systems.
• Residential Electrical Services Licensed electrical services for residential properties, including routine work and 24/7 emergency response.
• Design-Build Electrical Services

Quantifiable outcome

• Net-zero energy building capability demonstrated at Jones Beach Energy & Nature Center
• +1 more outcomes

Named customers17 records

Segments3 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

Five partnerships are on record, tiered core and minor.

• International Brotherhood of Electrical Workers (IBEW) Local 25coreStrategic or Co-development PartnerSignatory contractor with IBEW Local 25 since 1955. Provides access to skilled union electricians and qualifies the company for major public sector electrical projects requiring union labor.
• National Electrical Contractors Association (NECA) Long Island ChaptercoreStrategic or Co-development PartnerLongest-standing member of the Long Island Chapter of NECA. Association provides industry representation, training resources, and access to industry standards and best practices.
• TEGG (Tested Equipment Group)coreChannel Partner/ Reseller/ DistributorBEC Testing division is a certified TEGG provider, offering electrical preventive and predictive maintenance services using TEGG brand equipment and methodology.
• National Fire Protection Association (NFPA)minorStrategic or Co-development PartnerBana Electric maintains compliance through ongoing NFPA training programs, ensuring workforce stays current with electrical safety codes and standards.
• BEC TestingcoreChannel Partner/ Reseller/ DistributorRelated testing services division (bectesting.com) providing specialized electrical testing, maintenance, and safety solutions separate from installation services.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• EMCOR Group: Largest publicly traded electrical and mechanical contractor in the US (NYSE: EME). Broad incumbent competing for the same institutional, utility, and commercial electrical work but at much larger scale and with national reach.
• Limbach Holdings: Public specialty contractor (NASDAQ: LMB) providing integrated mechanical, electrical, plumbing, and building-automation services. Comparable on commercial/industrial electrical contracting and recurring service work.
• Quanta Services: Largest publicly traded infrastructure services firm (NYSE: PWR) focused on electric power, oil & gas, and renewables. Comparable on HV/utility electrical work and SCADA/automation, though at vastly larger scale and broader scope.

Direct peers

• Faith Technologies: Large privately held electrical and specialty systems contractor with design-build capabilities across commercial, industrial, healthcare, and mission-critical markets. Directly comparable on design-build and renewable/EV offerings.
• Rosendin Electric: Employee-owned (100% ESOP) national electrical contractor with comparable design-build, renewable, and mission-critical capabilities. Highly relevant peer given shared ESOP structure and service mix.
• IES Holdings: Public electrical and communications infrastructure services firm (NASDAQ: IESC) serving commercial, industrial, and residential markets. Comparable on commercial electrical contracting and recurring service work.
• E-J Electric Installation Co. Long Island-headquartered union electrical contractor of comparable size serving the NY metro institutional, commercial, and utility markets. Most directly comparable peer given regional footprint, IBEW affiliation, and similar project mix.
• MYR Group: Public specialty electrical construction services firm (NASDAQ: MYRG) covering T&D, commercial & industrial, and renewable energy. Direct comparable on HV/utility work and commercial electrical contracting.
• Helix Electric: Privately held national union electrical contractor with strengths in commercial, hospitality, healthcare, and high-rise projects. Comparable in capability set (LV/HV systems, mission-critical) but with broader geographic reach.
• O'Connell Electric Company: Upstate New York-based IBEW signatory electrical contractor with similar institutional, utility, and industrial focus. Comparable in scale, service mix, and public-sector bid orientation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Bana Electric Corp