At 103 years old, O'Connell Electric Co. has worked in every industry sector while staying close to its upper New York state home base. But with robust growth in certain markets, the firm is preparing to branch out as it eyes opportunities beyond its usual borders.
"We're very close to acquiring a contractor in the Albany, N.Y., metro area and moving into its building to open a new office there," says Victor E. Salerno, who has been at the firm for 43 years and has been its CEO for the last eight. He would not provide further details but said he expected to do a deal shortly. "This will allow us to expand out and do work in New England," Salerno says. "That's our primary focus."