UIL business unit continues expansion
XCELECOM, Inc. (formerly Precision Power, Inc.; Hamden, CT), a non-regulated business unit of UIL Holdings Corporation has acquired JBL Electric Inc. — an electrical contracting company specializing in cellular, satellite dish and traffic signal construction, based in Paterson, NJ.
JBL Electric will operate under the Allan Electric umbrella — a full-service electrical construction company located in Totowa, New Jersey with annual revenues of $35 million, acquired by XCELECOM in July, 1999. This purchase also follows XCELECOM'S recent purchases of
- Orlando Diefenderfer (July 2000) — an electrical construction services firm in Allentown, PA with annual revenues of $48 million
- The DataStore (May 2000) — a systems integrator in Maple Shade, NJ with $25 million of annual revenues.
- installation and maintenance of cellular towers
- stationary satellite dishes
- high voltage systems
- highway traffic signal systems.
Headquartered in Hamden, CT, XCELECOM provides tailored electrical construction and voice-data-video services to customers in New England and the neighboring Mid-Atlantic region.
Edited by Jerry R. Borland, P.E.
Managing Editor, EC Online