Three Electrical Connection IBEW/NECA Contractors Rank Among Top Specialty Contractors Nationally by ENR

ST. LOUIS, Mo.– St. Louis-based IBEW/NECA contractors ArchKey Solutions, Guarantee Electrical Co. and PayneCrest Electric, Inc. are all ranked among the Top 600 Specialty Contractors nationally, according to Engineering News Record (ENR). The rankings are based on 2023 revenues.

All three contractors are members of the Electrical Connection, a partnership of the International Brotherhood of Electrical Workers (IBEW) Local 1 and the St. Louis Chapter of the National Electrical Contractor Association (NECA).

ENR ranked both ArchKey and Guarantee among the top 50 firms nationally in electrical contacting – ranking 10^th and 34^th respectively.  ArchKey ranked 24^th among all specialty contractors nationally with nearly $1.5 billion in revenues in 2023.

Guarantee is ranked 109^th overall with $308 million in revenues.

PayneCrest ranked 210^th among all specialty contractors with revenues of $208.5 million.

ENR noted that electrical contracting comprises the largest share of all specialty contracting revenues, accounting for more than 27 percent of work.

“Revenue for the Top 600 Specialty Contractors rose 15.1 percent to $214.5 billion in 2023 from $186.4 billion in 2022,” reported ENR. The publication observed that the “top 600 specialty contractors report that the majority of supply chain challenges they faced during the pandemic have largely subsided,” although expecting the unexpected in supply chains has become the norm.

ENR also noted that “although skilled labor shortages are still a major problem, firms reported that recruitment numbers continue to trend in a positive direction. Overall, 64.3 percent of firms in the 2024 survey reported craftworker shortages, down 69 percent from last year (2023) and 73.1 percent two years ago.”

The Electrical Connection partnership has continued its $3 million annual investment in training to ensure the industry is supplied with a skilled workforce proficient in electrical and communications technology. At its IBEW/NECA Electrical Industry Training Center, the organization continues to fortify its 78-course curriculum.