United Utility to create over 300 new jobs in Louisiana with new headquarters
(UI) – United Utility Services is establishing its national headquarters in New Orleans, which is expected to create up to 141 new direct jobs in the area over the next five years with nearly $13 million in total annual payroll.
United Utility, a portfolio company of Louisiana-based Bernhard Capital Partners, has rapidly expanded in recent years with key acquisitions to build a best-in-class platform of providers in the power transmission and distribution sectors. With this growth, company leadership decided to base its operations in New Orleans—within the First Bank and Trust Tower at 909 Poydras St.—to build on its growing presence and key relationships in Louisiana.
“As our company expands, the need arose to establish our headquarters in a location that is easily accessible from existing regional offices and is in close proximity to complementary services and partners,” United Utility CEO Ali Azad said. “New Orleans is an ideal location for our company to build a prominent presence within a regional economy that leads innovation in the utility and energy sector, and within an area that is already home to key partners, including Entergy.”
The estimated 141 new jobs to be filled over the next five years will have an average annual salary of nearly $96,000. Louisiana Economic Development estimates the project will result in another 167 new indirect jobs, for a total of 308 new jobs in the Southeast Region.
This builds upon the growing economic impact BCP and its portfolio companies have had in Louisiana. The new United Utility jobs come in addition to more than 6,000 Louisiana jobs BCP and its companies already support, along with over $1 billion in investments made in the state.
Based on its recent acquisitions and organic growth, United Utility is positioned to be one of the top 10 specialty contracting firms serving the utility market based on the latest ENR rankings.
“Once again, a growing national company has chosen to locate its corporate headquarters in Louisiana and create good-paying jobs in our state,” Gov. John Bel Edwards said. “That is a powerful testament to the strength of our business climate and quality of life. Louisiana has the skilled workforce that United Utility needs. This project will benefit Louisiana consumers, workers and infrastructure for years to come.”
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