Upsize Online

The Growth Guide 2012

Upsize is a magazine with a single mission: to help Minnesota's small-business owners build bigger and more profitable companies, and to connect CEOs with the people, products and ideas they need to grow.

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Q&A Best of Upsize Uncommon sense 'KEEP IT SIMPLE' IS GOAL ONE FOR HIGHLAND ELECTRIC'S BOSS Upsize: Describe your company as it stands today. Rick Lowenberg: We got a call in the sum- mer of 2008 from Alliance Bank in St. Paul that they had a troubled electrical contractor. At the time we were putting in a paint line at Minnesota Elevator and we were going to lose about 5,000 square feet. The building that Highland Electric was in had the space, so we relocated Minnesota Elevator to St. Paul. In talking to the bank, we learned that Highland Electric had three distinct areas they were working in: residential, which started in 1965. And then they had their commercial division, where they were los- ing money, because they had underbid a lot of school work. They also were doing some commercial buildings that they had trouble with. When we bought it we were Rick Lowenberg, Highland Electric 20 UPSIZE ONLINE THE GROWTH GUIDE 2012 www.upsizemag.com PHOTOGRAPH BY JONATHAN HANKIN

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