The acquisition further strengthens Egan's position as the third largest electrical contractor in this market
The board of directors for Minneapolis-based Egan Co. recently announced that Collins Electrical Systems, Inc. (ColliSys), New Hope, Minn., has become part of the Egan Co. The acquisition further strengthens Egan's position as the third largest electrical contractor in this market with combined annual revenue in the $150 million range.
According to Jim Malecha, Egan president and CEO, it is the perfect marriage of two companies sharing similar philosophies, values, skill sets, and operations with each bringing a different leadership position to the combined company.
"While Egan has been traditionally stronger in electrical construction and special projects, ColliSys has been the area's largest provider of outside electrical construction and service. So it makes us stronger all around,” says Malecha.
Outside electrical includes highway and road construction, exterior building lighting, and parking lot applications.
Operating in Minnesota since 1933, ColliSys built a strong and deserving reputation as a market leader earning the respect of customers and competitors alike. Over the years, the company has enjoyed solid growth, winning significant projects, including a major portion of the Central Corridor Light Rail Train (LRT) project last summer. The ColliSys executive leadership tandem of Bruce Young and Bob Gorg will assume senior leadership roles at Egan. Young will serve as senior VP of electrical special projects and Gorg will operate as senior VP of the combined outside electrical group.
All told, more than 150 ColliSys employees will join Gorg and Young in becoming part of the new Egan. The combined company will operate primarily from Egan's Brooklyn Park, Minn., home with the outside electrical group activities housed at the former ColliSys offices in New Hope.