Willdan Group

Willdan Group, Inc.
Public
Traded as NASDAQ: WLDN
Russell 2000 Component
Industry Business Support Services
Founded 1964 (1964)
Key people
  • Thomas D. Brisbin
  • (Chairman & CEO)
  • Michael A. Bieber
  • (President)
  • Stacy B. McLaughlin
  • (Vice President & CFO)
  • Daniel Chow
  • (COO)
Revenue Increase US$ 273.35 million (2017)
Increase US$ 13.70 million (2017)
Increase US$ 12.13 million (2017)
Total assets Increase US$ 138.17 million (2017)
Total equity Increase US$ 70.65 million (2017)
Number of employees
 882 (2017)
Website Willdan.com
Footnotes / references
[1]

Willdan Group, Inc. (Willdan) is an American publicly traded company selling professional technical and consulting services to public agencies at all levels of government, public and private utilities, and commercial and industrial firms.[2] The company operates offices in more than a dozen states, with its key operations in California and New York.[3]

Operations

The primary markets Willdan serves are: energy engineering; infrastructure and transportation; municipal engineering, planning, and staff augmentation; economic and financial analysis; and national preparedness, through four service segments — Willdan Engineering, Willdan Energy Solutions, Willdan Financial Services and Willdan Homeland Solutions.

History

In 1964, the company was built by William Stookey and Dan Heil in southern California on a then-unique model of providing outsourced engineering services exclusively to municipalities, especially newly urbanizing cities.[4]

Over the next 50 years, the company's expansion has reflected the increasingly complex challenges facing communities, with a forward-looking focus on energy efficiency, energy engineering, cogeneration, Energy Savings Performance Contract, Community Choice Aggregation, smart city, microgrid consulting, and Transactive energy software.

In 2006, Willdan Group, Inc. completed its initial public offerings in NASDAQ, becoming a publicly traded company under the symbol WLDN.[4]

In 2008, Willdan acquired Intergy Corporation, then renamed Willdan Energy Solutions, offering energy efficiency utility program management.[4]

In 2015, Willdan acquired 360 Energy Engineers and Abacus Resource Management, expanding its capabilities into Energy Service Company and Energy Savings Performance Contract services.[5]

Willdan acquired NYC-based Genesys Engineering, P.C., in 2016, bringing Power Engineering services into its portfolio, with an eye to evolution of U.S. power systems toward Distributed generation and microgrids.[6]

Community solar farm development and subscriber management services were launched in 2017 under the Wattcommons platform.[7]

The big data analytics firm Integral Analytics, Inc. (IA) was acquired by Willdan in July 2017. IA's software solutions help investor-owned utility and smart city managers solve problems arising from the transformation of an electrical grid facing growth in distributed generation sources, such as solar power and the electric vehicle, effectively harnessing the power of renewable energy and energy storage.[8]

The energy engineering and sustainability firm of Newcomb Anderson McCormick, Inc. was acquired by Willdan on April 30, 2018, bringing strong relationships as a long-term energy efficiency, renewable energy, and green buildings consultant for the University of California, California State University, and California Community Colleges System, and with San Francisco Bay Area public agencies and utilities.[9]

References

  1. ↑ "US SEC: Form 10-K Willdan Group, Inc". U.S. Securities and Exchange Commission. Retrieved April 1, 2018.
  2. ↑ Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} Company Profile - Reuters.com". U.S.
  3. ↑ "Willdan: About Us".
  4. 1 2 3 "History of Willdan". www.willdan.com.
  5. ↑ "Willdan Broadens National Energy Services with Acquisitions of Energy Efficiency Engineering Companies in Midwest and Pacific Northwest" (Press release).
  6. ↑ "Willdan Acquires New York Based Power Engineering Company Genesys Engineering" (Press release).
  7. ↑ "Willdan launches Wattcommons platform, an end-to-end Community Energy solution". willdan.com.
  8. ↑ "Willdan Acquires Data Analytics Firm Integral Analytics" (Press release).
  9. ↑ "Willdan Acquires Energy Engineering Firm Newcomb Anderson McCormick" (Press release).
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