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.
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 critical data centers as well as more complex arenas with fewer competitors, such as transportation and renewable energy. Rosendin has the multimillion-dollar electrical contract for a $2.4-billion third terminal at McCarran Airport in Las Vegas, set to finish in 2012. But even with the firm’s success, it has not been immune from market slowdowns.