Matt Bergmann Feature

Culture as a Competitive Advantage: How a Merit-Shop Contractor Built a $50M+ Powerhouse with 98% Retention

Matt Bergmann
Matt Bergmann, Owner & CEO of Laketown Electric Corporation, a $50M+ merit-shop contractor known for complex commercial and industrial projects and a people-first culture with 98% employee retention joins Enterprise Radio.

Listen to host Eric Dye & guest Matt Bergmann discuss the following:

  1. You took LEC from a struggling family shop to a $50M+ leader with 98% retention. What were the first three culture moves you made that other business owners could copy this quarter?
  2. What’s your practical rubric for “hire character, train skill”? What’s one interview question that reliably surfaces character—and how should listeners score the answer?
  3. How do you build transparent career pathways and apprenticeship upskilling, and which two metrics should leaders track monthly to improve retention?
  4. In markets that assume only union firms can win the largest projects, what processes help you compete on value without being the lowest bid? What can ops leaders implement next week?
  5. A single LinkedIn post helped trigger a $12M opportunity. What content cadence and proof-of-work posts should B2B owners publish to turn attention into negotiated deals?

TIP:
 The most powerful thing you can do as a builder-leader is turn your story into systems. Hire for character, train for skill, and make growth visible with clear paths from apprentice to lead. Standardize jobsite huddles, close-out debriefs, and a weekly proof-of-work post so your values are taught and measured. When people know what great looks like and how to earn it, retention, safety, and profitability rise together.


Matt Bergmann is the Owner and CEO of Laketown Electric Corporation (LEC), a $50M+ commercial and industrial electrical contractor recognized for its culture, talent retention, and ability to deliver complex projects at scale. Taking over the business after his father’s passing, Matt rebuilt LEC into a seven-time Inc. 5000 and six-time Fast 50 award winner.

He oversees both the Waconia and Mankato branches, leading operations while serving as the company’s public face with clients, vendors, and industry peers. A strong advocate for the trades, Matt speaks annually to technical school students and mentors emerging leaders. His focus on transparency, continuous improvement, and customer partnership has positioned LEC as a market leader and employer of choice in Minnesota and beyond.

laketown-electric-logo

Website: https://laketownelectric.com

Social Media Links:
Linkedin: https://www.linkedin.com/company/laketown-electric-corporation
Facebook: https://www.facebook.com/laketownelectriccorporation


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