Fast 50 for Utah Business
Wasatch Wave Article – published Wednesday, October 23, 2013
Two Heber City, UT companies are awarded “Utah Business Fast 50” and “Emerging Eight” for Utah Business.
Probst Electric was recently awarded Utah Business Fast 50, which recognizes Utah’s 50 fastest-growing companies. These companies are surging ahead with innovation, passion and determination. These companies have Utah business operations from Dixie to Cache Valley. The Utah Business Fast 50 includes some companies that have been an economic driving force for nearly a century. Probst Electric and Summit Line Construction, both founded in Heber City, are truly honored to make that list.
The companies were ranked based on five years of compound annual growth, combined with a revenue component. Probst Electric was number 11 by ranking. Probst Electric was founded in 2004 by Redgie Probst, and continues to be a powerhouse in the West for electrical transmission and distribution. Probst Electric recently just completed their first International project, the Montana Alberta Tie-Line (MATL); this power transmission project is a 300-megawatt (MW), 214 mile, 230-kilovolt (KV) electrical transmission line allowing the movement of power between Alberta, Canada and Montana. The project will support ongoing development of a rich wind-powered generation and allow much-needed energy into the U.S. Pacific Northwest and Alberta.
Probst was also honored for his subsidiary company Summit Line Construction as an “Emerging Eight” recipient —these are companies that have been in business less than five years but are experiencing significant growth. Summit Line Construction, a Union based utility company was developed in 2009; it has been influential in storm recovery work on the Northeast, and developing power lines on the West Coast. Their line crews are currently working in California, Nevada, Utah and Wyoming.
Probst attributes his company’s success to the dedication of his employees, “These men are out on a project working 70 hour work weeks, sometimes for 30 days in a row, away from their homes and families, that isn’t an easy job to do. Without their dedication as employees; this company wouldn’t be where it is today. I am also grateful for the leadership of Karl Studer, COO/Vice President, and Riley Probst, CFO/Vice-President, and our employees who work together as a team.”
When asked what his business philosophy is, Probst replied “Two very simple things, in order to win, you have got to be willing to lose– and hard work, don’t be afraid of it. You won’t get very far without it.”
Both Probst Electric and Summit Line Construction have projects on the horizon into 2015.
You can read more, and view the entire list of companies at: