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Aschinger Electric merges with Briner Electric Company

Aschinger Electric merges with Briner Electric Company

 

 

 

 

 

From the St. Louis Business Journal:

Aschinger Electric has wrapped up its merger with Maryland Heights-based Briner Electric Co.
The combined entities will operate under the Aschinger Electric flag, boosting the Fenton firm’s 140-member workforce with 24 employees and growing Aschinger’s client pool. Both companies have relied on workers from International Brotherhood of Electrical Workers Local 1 for projects, Aschinger President Emily Martin said.
The merger has been in the works since June when brothers Mike and John Fogerty approached Martin with the opportunity, she said. Financial terms were not disclosed.
“The families have been friends for three generations. Mike says he’s known my father, Eric, longer than his brother,” Martin said.
Briner Electric Co. has been in operation since 1895 and is the second-oldest member contractor of the National Electrical Contractors Association. Briner’s projects include the renovations of St. Louis County Library branches.
The additional staff from Briner will enable Aschinger to grow revenue. It reported $44.4 million last year and is expecting to exceed that for 2018, Martin said.
Aschinger will continue its focus in solar, with the upcoming addition of 2 megawatts to Washington University’s campus.
In Missouri and Illinois, the number of electricians is slated to grow 10. 2 percent and 7.4 percent, respectively, through 2026. Nationwide, it’s projected to grow 8.9 percent, according to the U.S. Bureau of Labor statistics.

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  • “We truly appreciate your efforts in all aspects of the construction process, and hope that we will soon be working together again on another project.”

  • “We just wanted to express our sincere thanks to Aschinger Electric for the outstanding service we received from the electricians and employees of your company.”

  • “When Aschinger showed us the dollars and cents it was a no brainer.  We went from 25-year-old fixtures to state of the art, and saved money in the process.”

  • “Our project was never typical, could become unsafe at any time, was always sensitive to production and yet from the beginning your team has always looked after our best interest. Mike House and Scott Strumpler did an exceptional job!”

  • “Your electricians met every challenge and no one could have asked any one of them to do more…The quality and workmanship is excellent and we have a safe temporary service ”

  • “Aschinger delivered a beautifully designed and installed process control network…. A truly professional installation leveraging 21st century technology that will reliably support our automation efforts for the next 20 years.”