Rosendin Electric Inc., San Jose, Calif., is starting its 10th decade in business, now as the second-largest U.S. electrical contractor. But it’s still pushing into new market sectors and regions and refining corporate processes to compete in the post-recession economy. Photo: Rosendin Electric Inc. Alternative energy is a growing niche but has felt impacts of the recession. Related Links: Post-Recession Strategy for Firms Is the New Turning Point While nearly half the firm’s $893 million in 2008 revenue is in general building, it has read the tea leaves to move into more recession-resistant niches such as health care and mission
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.