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This is Fred Ball for Zions Bank, speaking on business.
When was the last time you gave electricity a second thought? Probably not since the last power outage. We often take it for granted. I know I do. ItÕs always there when you need it. But without it, we would be in virtual darkness.
So you can understand why Cache Valley Electric has been in demand since 1915. Henry Laub founded the company nearly a century ago to provide commercial electrical contracting services and to sell electrical appliances. Since that time, HenryÕs Logan-based company has grown to become one of the premier electrical contractors in the nation.
Three generations of Laubs have successfully managed the company. When Henry died in 1959, Jack Laub Sr., HenryÕs son, took over as president. He built upon the companyÕs traditional project base and concentrated on supplying resources for work to the Army Corps of Engineers and other government-related contracts. Jim Laub, a grandson of Henry, currently oversees the company in his position as president and CEO.
Through the 1980s, Cache Valley Electric focused on large industrial projects such as steel mills and smelting operations. In 1985, the company opened an office in Salt Lake City and broadened its customer base to include many construction projects in Salt Lake and Northern Utah.
During the '90s, Cache Valley Electric grew substantially as a result of the building boom. By the end of the decade, the company had worked in 30 of the 50 states and completed international projects. Cache Valley Electric gained praise from the Intermountain Electrical Association eight times during the 90s as the ÒOutstanding Large Electrical ContractorÓ of the year. Last year, the company increased revenues by 21.6%.
To accommodate the ever-changing electrical industry, Cache Valley Electric formed its TeleData, Design-Build and Service divisions to provide communication and other specialty services. I was amazed to hear that on one particular project in Utah County, the Teledata division installed in a single building enough high-speed copper communication cables to cover more than 1,100 miles and over 38,000 fiber optic terminations. And thatÕs just one remarkable job completed by the extraordinary company of Cache Valley Electric.
For Zions Bank, I'm Fred Ball. I'm speaking on business.