Lelch AV on CE Pro 19th Annual Top 100 List
Revenues grow 8% in 2017
CE Pro’s 19th annual ranking of the highest revenue custom installation companies reports $3.5 billion in custom revenues; 13% growth predicted for 2018.
“HAPPY DAYS ARE HERE AGAIN” is an old song, but that refrain is definitely apropos for CE Pro 100 integrators following a strong 2017. Overall, the list of the highest revenue custom installation companies in the U.S. reported healthy $3.5 billion in revenues in 2017. The group has median revenues of $5,265,110, or $5.3 million, up 8 percent from the previous year. Meanwhile, many other key business metrics among members of the list are also robust, including a predicted 13 percent growth rate for 2018.
Once again, the list, which is now in its 19th year, is led by high-volume companies ADT, Vivint Smart Home and Best Buy, but this year they are joined by large regional security player Guardian Protection Services which has moved all of its security systems to a home automation offering that links lighting, HVAC and security. In another healthy sign, Illinois-based retailer Abt Electronics reported $52 million of its total $400 million in sales from custom installation, including sales of equipment sold for installation, along with the installation labor itself.