Company Profile
The facts, in one place
Everything a general contractor needs to prequalify Laketown Electric: who we are, what we carry, and the record behind it.
51
Years in business
160+
Team members
$60M+
Annual sales
$120M
Aggregate bonding capacity
Company facts
- Legal name
- Laketown Electric Corporation
- Founded
- 1975, by David and Christine Bergmann
- Ownership
- Second-generation, family run. Matt Bergmann, 100% owner
- Contractor status
- Merit shop since 1975
- Delivery
- About 75% of projects are design-build, LEC as electrical engineer of record
- Project scope
- One-hour service calls to $50M+ projects
- Bonding
- $60M per project, $120M aggregate
- Average project size
- $675,000 (FY 2026)
Safety record
- Workers' compensation mod rate of .78
- ABC / MNOSHA safety partnership, Level 1, 2026
- ABC STEP Award recipient
- Bi-monthly jobsite audits in partnership with OECS
- Annual full-day safety training for every employee
Credentials & recognition
- ABC Accredited Quality Contractor, 2018 to present
- Inc. 5000 fastest-growing companies, seven times
- Minneapolis / St. Paul Business Journal Fast 50, six times
- ABC Excellence in Construction awards, 2025
- Most Admired CEO, Matt Bergmann, Minneapolis / St. Paul Business Journal, 2026
- Entrepreneur of the Year, Matt Bergmann, St. John's University, 2026
- Top Workplaces award
Financial strength
Fifty-one years of strong balance sheets and income statements, a large standing credit line, and accounts current with every supplier and vendor. Bonding capacity of $60 million per project and $120 million aggregate equips LEC to take on large, complex work.
Twin Cities office
8470 State Highway 5, Waconia, MN
952.442.2740
Southern MN office
303 Lundin Blvd, Mankato, MN
507.388.3288
Need more for your prequal packet?
Bonding letters, insurance certificates, and references on request.
