Download PDF version
Summary is AI-generated, newsdesk-reviewed
  • Canyon State Electric ranked among Arizona's top 50 private companies by Phoenix Business Journal.
  • CSE's expansion in 2019 boosted growth, earning them a spot on Inc.'s 5000 list in 2021.
  • Arizona's top private companies generate over $15 billion yearly, showcasing strong financial acumen.

Canyon State Electric (CSE) has been recognized as one of the top fifty private companies in Arizona, according to the recent rankings by the Phoenix Business Journal.

These rankings are part of the 2022 Arizona Corporate Excellence Awards. Companies across various sectors were acknowledged at a special awards event in Scottsdale, celebrating their accomplishments in business.

Arizona's Leading Companies Recognized

The rankings by the Phoenix Business Journal assess independent and privately held companies located in Arizona, based on their annual revenue. The fifty top-ranked firms collectively generate more than $15 billion each year.

Reflecting on this achievement, CEO Stephanie Maderazzo-Hughes, remarked, “We’ve been in business nearly 45 years in Arizona. I’m incredibly proud of what we’ve accomplished and how we’ve established ourselves as one of the leading companies in the state.

Recognition for Financial Growth

Canyon State Electric has also garnered recognition for its financial growth in previous years. Notably, it was included in Inc.’s 5000 fastest growing companies list in 2021.

This acknowledgment followed CSE's expansion in 2019, when the company broadened its services to include special systems installation and ongoing maintenance, complementing its core electrical construction offerings.

In case you missed it

Siemens & GF Team Up For AI-Driven Semiconductor Growth
Siemens & GF Team Up For AI-Driven Semiconductor Growth

Siemens and GlobalFoundries (GF) have entered a new strategic collaboration to leverage each company’s complementary AI-based capabilities to enhance performance of semicondu...

WEG Supplies Transformers For Solar Project In Colombia
WEG Supplies Transformers For Solar Project In Colombia

WEG has consolidated an important supply for one of the largest asset management firms in Latin America. A company active in sectors such as infrastructure, credit, real estate, a...

Ceolin Group Modernizes With WEG Smart Machine
Ceolin Group Modernizes With WEG Smart Machine

Ceolin Group, a benchmark in agribusiness and responsible for more than 17,000 hectares of rice production between Uruguaiana (RS), Brazil, and Argentina, adopted WEG Smart Machine...

vfd