Meet St. Louis' Newest Billion Dollar Company
ST. LOUIS, July 21, 2020 /PRNewswire/ -- With roots dating back to 1925 as the parent of Sachs Electric, ArchKey Solutions (www.ArchKey.com), North America's premier electrical and technology provider, has become one of St. Louis Region's largest companies.
Headquartered in St. Louis, MO, ArchKey Solutions is one of the largest electrical and technologies contractors in the U.S. With revenues exceeding $1.3B, ArchKey Solutions is redefining what it means to be a national contractor.
Sachs Electric Company, Inc., a St. Louis, MO based company celebrating its 95th anniversary, served as the foundation for what would later become ArchKey Solutions when business leaders, Clayton Scharff, P.E., President and CEO, and Patrick Kriegshauser, Executive Vice President and CFO positioned their company on a new trajectory. Using the stellar reputation and national presence of Sachs Electric as the starting point, Scharff and Kriegshauser carefully scaled this new business with the addition of Parsons Electric of Minneapolis, Minnesota, Sprig Electric of San Jose, CA and Mona Electric of Maryland to expand its reach coast to coast.
Today, ArchKey Solutions has 13 office locations, more than 5,000 employees, and has completed worked in roughly 3,100 cities across the U.S. "The response from the market to what we are building has been overwhelmingly positive," says Clay Scharff, CEO of ArchKey Solutions. "By combining the expertise, experience and ingenuity from our platform companies (Sachs Electric, Parsons Electric, Sprig and Mona Electric) and a bonding capacity of over $1.2 billion dollars, our enterprise is capable of executing any electrical and/or technologies project anywhere, regardless of size or geography." And while we work nationwide, we are extremely proud to call St. Louis home," says Scharff. "St. Louis is where Sachs Electric and ArchKey Solutions began and where we will be for decades to come." ArchKey's company name and logo highlights our roots in St. Louis. Everyone will recognize the familiar Arch in the logo, while the Keystone represents our new entity and ties all the companies and their expertise together."
Organizationally, ArchKey Solutions continues to evolve to meet changing market and customer needs. The executive leadership team, led by President and CEO, Clayton Scharff, P.E. is made of up diverse and experienced leaders that have been promoted from within the platform companies. Notably, Patrick Kriegshauser, long-time Executive Vice President and CFO at Sachs Electric serves in that same capacity at ArchKey. Joel Moryn, former President & CEO, Parsons Electric, has been promoted to Sr. Vice President, Operations. Steve Stone will continue in his role as Sr. Vice President, Sales and Marketing for the enterprise. Finally, Monica Ross has been named Vice President, Strategic Projects and Dave Nielsen, Vice President, Preconstruction.
Coupled with the changes at ArchKey are several executive appointments at the platform companies, positioning each with the right team, for a long future. In addition to his role at ArchKey, Steve Stone has assumed the role of President, Sachs Electric with Joe Barnard being named Chief Operating Officer. Rich Ross has been named President, Parsons Electric and David Howell has been promoted to President, Mona Electric. Finally, Mark Mandarelli will continue in his role as President of Sprig, while Wendy Boosalis has been named President, ArchKey Technologies.
In addition to succession planning, ArchKey Solutions has solidified its core focus. The strategy is built on the philosophy that we live in an ever-changing world, and now more than ever, customers need trusted partners. "ArchKey is not just an electrical and technologies contractor," says Steve Stone, SVP ArchKey Solutions. "We strive to help our customers with three main objectives: Digitization, Unification and Electrification. "Digitization and technology adoption is happening faster than any point in history as a means to stay connected and collaborate in real-time from anywhere in the world. The unification of these systems and platforms are vital for technology to be truly useful and transformational. And, finally, electrification is essential as all this is driving a deeper need for clean and reliable power," say Stone.
With the driving forces of digitization, unification, and electrification changing how we act as a society, ArchKey is poised to help. ArchKey solves these problems for customers using The Power of Scale - leveraging a lean/continuous improvement culture and unmatched experience to solve challenges in new and efficient ways. "We encourage our people to follow their curiosity and explore new ways of performing construction activities," says Scharff. "Ultimately, we want to lead change and remain relevant for our customers and our employees for years to come."
ArchKey Solutions is one of the largest electrical and technology construction firms in the United States. As a platform for growth and the parent company for Sachs Electric, Parsons Electric, Sprig Electric, and Mona Electric, ArchKey Solutions' diversified offering provides scalability that is unmatched in the industry.
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SOURCE ArchKey Solutions