Power Contracting L.P., a subsidiary of Metal Foundations Industries, Signs Agreement with IBEW 5

March 20, 2012 - PRLog -- Pittsburgh, Pa., March 20, 2012 – Power Contracting L.P., a subsidiary of Metal Foundations Industries, announced that it has signed an agreement with the International Brotherhood of Electrical Workers Local Union No. 5 (IBEW Local #5).  IBEW Local #5 covers 22 counties in Western Pennsylvania with more than 2,600 members. The agreement is effective through February 2015.

Power Contracting and Metal Foundations – both recently purchased by Shaner Capital L.P. – specialize in the design, engineering and installation of steel foundations, a patented alternative to concrete foundations.

“Power Contracting is pleased to sign up with IBEW Local #5,” said Geoffrey Feidelberg, the Chief Operating Officer of Shaner Capital and CEO of Power Contracting and Metal Foundations. “We are committed to building strong working relationships with local and national trade union organizations because we believe that their members – the various tradesmen that we rely on to ensure a quality product – are the cornerstone of our success.”

Shaner Capital L.P. is a private investment fund formed by Lance T. Shaner, CEO of the Shaner Group.  The objective of Shaner Capital is to assist well-run, innovative companies to grow and expand their businesses. Shaner Capital holds controlling interests in numerous operating companies.

Headquartered in State College, Pa., Shaner Capital and the Shaner Family of Companies are comprised of diverse and financially strong organizations with over 2,500 associates globally.  
For more information: www.shanercorp.com

Metal Foundations is a wholly owned subsidiary of Shaner Capital, L.P. and is based in Pittsburgh, Pa. Metal Foundations’ steel foundations are the strongest, most durable, and most reliable alternative to concrete foundations. Using a patented installation method, Metal Foundations’ steel foundations are installed in less than half the time it takes to install a standard concrete foundation, and are able to instantly support the structure and load they are custom-designed to bear.
For more information: www.metalfoundationscorp.com