Electrical contractor plans $14M investment for Hanover facility

California-based Rosendin, which bills itself as the largest employee-owned electrical contractor in the United States, plans to invest $14 million to lease and upfit a 124,000-square-foot facility at the Lakeridge Logistics Center in Hanover County.

The company plans to hire 250 employees over the next three to five years, according to a Tuesday news release. The facility will include a 5,000-square-foot training space.

“We’re excited that our facility in Hanover County will serve as a hub for Rosendin’s regional electrical contracts moving forward,” Matt Orosz, Rosendin’s senior vice president for the east region, said in a statement. “Rosendin is fortunate to have great relationships with so many companies in the Greater Richmond area, and we look forward to expanding our presence here to better collaborate with our partners.”

Rosendin is a $5.6 billion employee-owned company that builds projects for manufacturers, health care systems, airports, hospitality groups and technology companies.

Rosendin selected a facility in the Greater Richmond region due to its “strategic location to service and supply key regional industries such as advanced manufacturing and information technology,” according to a news release.

“Greater Richmond’s information technology supply chain community is growing thanks to investments from international and domestic firms, such as Rosendin,” Greater Richmond Partnership President and CEO Jennifer Wakefield said in a statement. “The services that Rosendin provides, and the community engagement that the company strives for, makes the region a richer place for our residents.”

The Greater Richmond Partnership and Hanover County Economic Development helped secure the investment.