Rosendin Electric is an

employee-owned Employee stock ownership, or employee share ownership, is where a company's employees own shares in that company (or in the parent company of a group of companies). US employees typically acquire shares through a share option plan. In the UK, Emp ...

electrical contractor An electrical contractor is a business person or firm that performs specialized construction work related to the design, installation, and maintenance of electrical systems. An electrical contractor is different from an electrician; an electricia ...

headquartered in

San Jose, California San Jose, officially San José (; ; ), is a major city in the U.S. state of California that is the cultural, financial, and political center of Silicon Valley and largest city in Northern California by both population and area. With a 2020 popu ...

, with more than 8,500 employees nationwide and annual revenues of approximately $3 billion.http://www.hoovers.com/rosendin-electric/--ID__42058--/free-co-profile.xhtml Offices are located in San Jose (1964), San Francisco (1972) Sacramento, Anaheim, and, Los Angeles, CA (1983); Tempe, AZ (1994); Baltimore, MD; Las Vegas, NV (2007); Charlotte, NC; Hillsboro and Prineville, OR (1997); Dallas, Fort Worth, Corpus Christi, and Pflugerville, TX; and Sterling, VA (2010).

Employee Stock Ownership

In 1992, the Rosendin family made the decision to sell the company to the employees of Rosendin Electric. By 2000, the sale was complete and Rosendin's employees owned 100% of the company.

History

In 1919, Moses Rosendin began Rosendin Electric Motor Works. The company serviced the Santa Clara/San Jose agricultural community by wiring homes and shops, rewinding motors for wells and pumps and extending pole line facilities for utility companies. The company expanded its business to

Central California Central California is generally thought of as the middle third of the state, north of Southern California, which includes Los Angeles, and south of Northern California, which includes San Francisco. It includes the northern portion of the S ...

through the 1920s,

The Great Depression The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...

, and World War II. The end of

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing ...

brought rapid commercial and industrial growth to the

Santa Clara Valley The Santa Clara Valley is a geologic trough in Northern California that extends 90 miles (145 km) south–southeast from San Francisco to Hollister. The longitudinal valley is bordered on the west by the Santa Cruz Mountains and on the east ...

and expanded work for Rosendin. The company grew from eight employees in the late 30s to ninety employees in the 1950s. In 1953 Rosendin Electric was incorporated as an electrical contractor in the State of California. In 2000, the Rosendin Electric employees completed their buyout of the Rosendin family, which had begun in the mid '90s, to become the largest employee owned electrical contractor. They are currently the fourth largest electrical contractor in the US. Rosendin Electric is also involved in design and construction of wind energy plants, including grids and collection systems. Their first

wind farm A wind farm or wind park, also called a wind power station or wind power plant, is a group of wind turbines in the same location used to produce electricity. Wind farms vary in size from a small number of turbines to several hundred wind turb ...

installation was in 2002, and as of 2011 they had completed close to 60 wind farm projects. On April 12, 2010, Rosendin Electric completed its acquisition of KST Electric, Ltd. ("KST"), a Texas-based, privately held, full service electrical, data and communication contracting company based out of Manor, Texas with regional offices in Dallas, Houston, San Antonio, Corpus Christi and Harlingen. With the acquisition, Rosendin Electric gained immediate access to the Texas construction market. In December 2013, Rosendin Electric announced that KST Electric would assume its new name as Rosendin Electric. https://bates-electric.com/

References

Companies based in San Jose, California Construction and civil engineering companies established in 1919 Engineering companies of the United States Employee-owned companies of the United States 1919 establishments in California