PayneCrest Electric
PayneCrest Electric is a union electrical construction contractor headquartered in St. Louis, providing engineering, BIM-driven design/build, prefabrication, and electrical construction services to commercial, industrial, data center, automotive, and power generation clients nationwide. Acquired by Primoris Services Corporation in May 2026.
- Company typePrivate
- Founded1953
- HeadquartersSt Louis, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What PayneCrest Electric does
PayneCrest Electric is a union electrical construction contractor headquartered in St. Louis, Missouri, providing engineering, electrical construction, and communications infrastructure services to commercial and industrial customers nationwide. Founded from the 2000 merger of Payne Electric and Crest Electric (with roots dating to 1953/1954), the company executes complex, high-impact electrical projects across data centers, automotive and EV battery manufacturing, power generation (including solar and hydroelectric), petrochemical, healthcare, and commercial real estate end markets. Named customers include Meta, Google, Express Scripts, CitiMortgage, General Motors, Ultium Cells, Boeing, Ameren, and Anheuser-Busch InBev, with over 1 gigawatt and 10 million square feet of data center infrastructure installed across the portfolio.
The company's service stack combines electrical construction with integrated engineering capabilities, including Building Information Modeling (BIM), design/build and design/assist delivery methods, on-site CAD trailers for real-time field design, and an in-house prefabrication shop for conduit bending, switchgear preparation, wire bundling, and assembly. Instrumentation and automation system integration extends the offering into plant process controls. These capabilities support project execution ranging from 30 MW hyperscale data centers to 609,000-square-foot healthcare research buildings and industrial process facilities, with multiple AGC Keystone Awards and ten ASA Safety Awards in twelve years signaling consistent execution and safety performance.
Revenue is generated through project-based competitive bidding and direct enterprise relationships, with pricing determined per contract rather than through published rate cards. Following the May 1, 2026 closing of its all-cash sale to Primoris Services Corporation for approximately $399.5 million, PayneCrest operates as a wholly-owned subsidiary within Primoris' Energy segment. Primoris disclosed projected 2026 revenue of $350-$370 million and adjusted EBITDA of $38-$42 million for PayneCrest, building on the company's surpassing of the $200 million revenue milestone in 2023. Go-to-market relies on enterprise field sales, reputation-driven referrals, and industry award visibility rather than digital marketing, with go-to-market channels including LinkedIn presence, project portfolio content, and university recruitment partnerships.
PayneCrest Electric firmographics
Firmographics- Name
- PayneCrest Electric
- Legal name
- PayneCrest Electric Inc.
- Website
- https://paynecrest.com
- Company type
- Private
- Founded year
- 1953
- Operating status
- Acquired
- Headcount range
- 501–1,000 employees
- Short description
- PayneCrest Electric is a union electrical construction contractor headquartered in St. Louis, providing engineering, BIM-driven design/build, prefabrication, and electrical construction services to commercial, industrial, data center, automotive, and power generation clients nationwide. Acquired by Primoris Services Corporation in May 2026.
- Ownership category
- akta.pro rank
PayneCrest Electric industry classification
Industry- Product category
- Electrical Construction Services
- NAICS
- Electrical Contractors and Other Wiring Installation Contractors (23821)
- SIC
- Water, Sewer, Pipeline, Comm & Power Line Construction (1623)
- akta.pro primary industry
- Electrical Contracting & Wiring (IMAFALAA)
- akta.pro secondary industries
- Cable Installation & Construction Services (trenching, duct banks, HDD, pulling, cable laying) (EUADADAI), Low-Voltage Wiring (Data/CAT6, Coax, Phone) (HSAOADAI)
Keywords
Where PayneCrest Electric is headquartered
LocationHeadquarters
- HQ city
- St Louis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
PayneCrest Electric business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Electrical Construction Services: Project-based revenue from electrical construction, engineering, and installation services for commercial and industrial clients. Revenue is generated through competitive bidding on projects ranging from data centers to industrial facilities to power plants.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
PayneCrest Electric product offering
Product offeringCore offering
PayneCrest Electric is a union electrical contractor delivering end-to-end electrical construction, engineering, prefabrication, pre-construction, communications infrastructure, and instrumentation services for commercial and industrial customers nationwide. The company specializes in complex, high-impact electrical scopes across data centers, automotive plants, power generation facilities, industrial manufacturing, healthcare, and commercial buildings, delivering power distribution, lighting, backup power, automation, and communications systems via design/build, design/assist, and plan/spec delivery methods.
Product overview
PayneCrest Electric is an award-winning union electrical contractor serving commercial and industrial customers nationwide. The company operates as a single unified offering combining electrical construction services with integrated engineering, pre-construction planning, prefabrication, and service capabilities. Core services include Electrical Construction Services, Engineering (with BIM, design/build, and design/assist), Pre-Fabrication, Pre-Construction planning, Communications infrastructure, Instrumentation, and Service & Maintenance. The company specializes in complex, high-impact electrical projects across industries including data centers, power generation, automotive, industrial manufacturing, healthcare, and commercial facilities. In May 2026, PayneCrest was acquired by Primoris Services Corporation and now operates as part of their Energy segment.
Differentiator
Problem solved
Functional benefit
Products and services
- Electrical Construction Services Core electrical construction offering covering power distribution, lighting systems, emergency/backup power, medium-voltage systems, substations, and 600V switchgear for commercial and industrial customers nationwide. Delivered via design/build, design/assist, and plan/spec methods.
- Engineering Services Electrical engineering solutions including Building Information Modeling (BIM), design/build, and design/assist approaches for complex electrical projects across data centers, power plants, automotive, and industrial facilities.
- Pre-Fabrication (Pre-Fab) Shop-based prefabrication services for conduit bending, rough-in products, strut assemblies, switchgear preparation, wire bundling, welding, and painting to improve quality, productivity, and safety before field installation.
- Pre-Construction Services Strategic planning services including budgeting, value engineering, BIM modeling, prefabrication planning, and risk mitigation to optimize project outcomes before construction starts.
- Service & Maintenance 24/7 emergency response, preventative maintenance, and renovation electrical services for retail, supermarkets, automotive, manufacturing, office, healthcare, power, and other industries.
- Communications Infrastructure Low voltage and integrated communications services including structured cabling, fiber optic distribution, CCTV, mass notification systems, and audio/visual systems for enterprise facilities.
- Instrumentation Design, development, installation, and configuration of automation and monitoring systems to improve plant productivity, reliability, safety, and optimization for industrial and power customers.
- Industrial/Process Electrical Electrical construction for industrial and advanced manufacturing facilities including new construction and intense retrofits of assembly lines, robotics, and process equipment.
Quantifiable outcome
- Safety Record: Recipient of ASA Safety Award ten times over twelve years
- +2 more outcomes
Companies that use PayneCrest Electric
Customer profileNamed customers15 records
Segments6 records
Ideal customer profiles5 records
PayneCrest Electric technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
PayneCrest Electric partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Primoris Services CorporationcorePayneCrest Electric was acquired by Primoris Services Corporation on May 1, 2026 in an all-cash transaction valued at approximately $399.5 million. The acquisition expands Primoris' presence in the high-growth data center services market and electrical construction capabilities. PayneCrest joined Primoris' Energy segment, contributing an estimated $260-$280 million in revenue and $28-$32 million in adjusted EBITDA for 2026.
Scale indicators7 records
Recent moves5 records
Expansion highlights4 records
PayneCrest Electric competitors and assessment
Company assessmentDirect peers
- M.C. Dean: M.C. Dean is a privately held electrical and systems integration contractor specializing in mission-critical data centers, government, and industrial facilities. It is the most direct comparable to PayneCrest's data center and complex industrial electrical construction practice.
- Rosendin Electric: Rosendin is one of the largest employee-owned electrical contractors in the U.S., with deep data center, renewable, and commercial/industrial exposure. Its hyperscale data center practice is highly comparable to PayneCrest's Meta and Google work.
- Helix Electric: Helix Electric is a national electrical contractor focused on commercial, industrial, healthcare, and mission-critical data center construction. Directly comparable on scale and service mix to PayneCrest.
- Power Design: Power Design is one of the largest privately held electrical contractors in the U.S., with a major data center and multifamily practice. Highly comparable on data center electrical scope.
- MYR Group: MYR Group is a publicly traded holding company of specialty electrical construction subsidiaries (e.g., Sturgeon Electric, Great Southwestern) serving T&D, commercial, and industrial markets. Comparable to PayneCrest's commercial/industrial and power generation electrical work.
- IES Holdings: IES Holdings is a publicly traded electrical and communications contractor with commercial, industrial, data center, and infrastructure exposure. Its communications infrastructure and electrical services match PayneCrest's combined scope.
- Faith Technologies: Faith Technologies is a large national electrical and engineering services contractor serving commercial, industrial, and mission-critical markets including data centers. It overlaps directly with PayneCrest on commercial/industrial electrical construction and pre-fabrication.
Others
- Holder Construction: Holder Construction is a large national general contractor with deep mission-critical data center expertise. It frequently partners with or competes against PayneCrest as a GC on data center and industrial projects.
Broad incumbents
- Quanta Services: Quanta Services is the largest publicly traded infrastructure services firm in North America, focused on electric power, oil & gas, and renewables. It is a broader incumbent whose T&D and renewable practices overlap with PayneCrest's power generation work, but with much larger scale and broader services.
- EMCOR Group: EMCOR Group is a Fortune 500 mechanical and electrical construction services provider with broad commercial, industrial, and data center exposure. It competes with PayneCrest on large commercial/industrial electrical scopes but at materially larger scale and broader service mix.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
PayneCrest Electric social profiles
Digital presencePayneCrest Electric financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayneCrest Electric leadership team
Management profileNumber of profiles
PayneCrest Electric funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayneCrest Electric M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PayneCrest Electric
What does PayneCrest Electric do?
PayneCrest Electric is a union electrical contractor delivering end-to-end electrical construction, engineering, prefabrication, pre-construction, communications infrastructure, and instrumentation services for commercial and industrial customers nationwide. The company specializes in complex, high-impact electrical scopes across data centers, automotive plants, power generation facilities, industrial manufacturing, healthcare, and commercial buildings, delivering power distribution, lighting, backup power, automation, and communications systems via design/build, design/assist, and plan/spec delivery methods.
Is PayneCrest Electric a public or private company?
PayneCrest Electric is a private company. It is classified as corporate owned and is currently acquired.
When was PayneCrest Electric founded?
PayneCrest Electric was founded in 1953. It employs 501 to 1,000 people.
Where is PayneCrest Electric based?
PayneCrest Electric is headquartered in St Louis, United States, in the North America region.
How does PayneCrest Electric make money?
One revenue line is on record: electrical Construction Services.
Who are PayneCrest Electric's main competitors?
Direct peers on record are M.C. Dean, Rosendin Electric, Helix Electric, Power Design, MYR Group, IES Holdings and Faith Technologies. Holder Construction is listed as an others. Broad incumbents are Quanta Services and EMCOR Group.
Does PayneCrest Electric have an API?
No public API is recorded for PayneCrest Electric.
What industry is PayneCrest Electric in?
PayneCrest Electric's product category is Electrical Construction Services. Its primary akta.pro industry code is IMAFALAA, Electrical Contracting & Wiring, with a secondary code of EUADADAI, Cable Installation & Construction Services (trenching, duct banks, HDD, pulling, cable laying). Its NAICS code is 23821 and its SIC code is 1623.