Sachs Electric
| Company type | Private equity-owned |
|---|---|
| Industry | Electrical contracting |
| Founded | 1925 |
| Founder | Samuel Sachs |
| Headquarters | |
Key people | Clayton Scharff |
| Revenue | $264 million |
| Owner | One Rock Capital |
| Subsidiaries |
|
| Website | Sachs Electric |
Sachs Electric Company is the largest electrical contractor in Missouri.[1] In addition, Sachs has four specialized divisions: Sachs Automation, for pneumatic and computer-based process control systems; Sachs Systems for communications and security systems; McGraw Electric (in Livonia, Michigan) for automotive industry and other industrial electrical contracting; and Sachs Civil, for in-house support for trenching, excavating and general trades.[2][3]
The company is based in Fenton, Missouri, a suburb of St. Louis. It was founded as S&S Electric Company, a two-man and one-room company in 1925, by Samuel Sachs in partnership with fellow Washington University in St. Louis graduate Herman Spoehrer. It was renamed S. C. Sachs Company in the early 1930s. Early projects included designing and building the lighting for Sportsman's Park, home of the St. Louis Browns baseball team.[4] Samuel Sachs served as chief executive until 1953, when his son Louis Sachs was promoted to president. Louis Sachs was succeeded as president by Norman Krause in 1973 and Larry Plunkett in 1983, though the company remained family owned through 1990.[5] In 1990, Plunkett, as president and CEO, oversaw his most ambitious project, the employee buyout of the company from the Sachs family with a five-year loan that the company paid off in three and a half years.[5] In 2000, the CEO position went to Robert Murdick and the presidency to Clayton Scharff,[1] and Scharff replaced Murdick as CEO in 2002.[5]
Sachs acquired Detroit-based McGraw Electric in 2003, to expand into the Michigan industrial and automotive sector.[6]
Company revenue grew from $17 million in 1969, when Plunkett joined the company as an engineer under the tutelage of Norman Krause, to $100 million in 1995,[1] $220 million in 2001,[5] and $293 million in 2007.[7]
References
[edit]- ^ a b c "Sachs names Murdick as chief exec", by Linda Tucci, St. Louis Business Journal, June 2, 2000. Retrieved Mar 25, 2010.
- ^ Sachs Electric - official site. Retrieved Mar 25, 2010.
- ^ "Sachs Electric Company" Company profile from Hoover's. Retrieved Mar 25, 2010.
- ^ "Our History" Sachs Electric Company official site. Retrieved Mar 25, 2010.
- ^ a b c d "Scharff replacing Murdick year early at Sachs Electric", by Margaret Jackson, September 6, 2002, St. Louis Business Journal. Retrieved Mar 25, 2010.
- ^ "Sachs Electric drives up auto work with acquisition", by Margaret Jackson, March 28, 2003, St. Louis Business Journal. Retrieved Mar 25, 2010.
- ^ "St. Louis' Top 150 Privately Held Companies: No. 54: Sachs Electric Co.", St. Louis Business Journal, March 28, 2008. Retrieved Mar 25, 2010.
External links
[edit]- Sachs Electric Official website.