L.K. Comstock & Company, Inc.
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Timeline
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| 1990s - Comstock continues to build on its expertise in the transit market by installing electric traction power and signal and communications equipment for light and heavy rail systems. During the past 30 years, the company works on transit systems in Atlanta, Boston, Chicago, Los Angeles, Philadelphia, Pittsburgh, San Diego, San Francisco, San Jose and Washington, D.C. and New York City. National transit work continues in the '90s with projects in San Francisco, Denver, Atlanta, Los Angeles and New York City. |
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| 1992 - Pierre Lescautis is named president and CEO, replacing Yannic Burin des Roziers who leaves to become president and CEO of Spie-Trindel, France's largest electrical contractor. |
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| 1993 - Comstock installs the electrical components for new scrubbers at American Electric Power's 2600 MW Gavin plant and Public Service Indiana's 635 MW Gibson Unit 4. These two projects represent a combined value of more than $500 million. |
American Electric Power's Mountaineer plant. |
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| Fall 1993 - Comstock reorganizes into three market sector groups designed to improve team work between technical experience and contract operations: 1) Commercial and Traffic, 2) Power and Industrial, 3) Transit Group. The Power and Industrial group consolidates it offices into its headquarters in Cincinnati, in proximity to many Midwest industrial/power customers. |
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| 1995 - Comstock performs complex, multi-million-dollar electrical installations for Morgan Stanley, Banker's Trust and Societe Generale. |
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| June 1996 - Comstock completes work to install the train control and communications systems on the new 7.5-mile extension to Metro Atlanta Rapid Transit Authority (MARTA). Completed just in time for the Summer Olympic Games, the two contracts require installing 215,000 feet of multi-conductor control/telephone cable and 88,000 feet of fiber optic cable. It marked the completion of Comstock's 22nd project for MARTA, an association that began in 1976. |
MARTA Transit System, Atlanta
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| 1996 - Comstock wins the $84.4 million contract for the 63rd Street Tunnel by New York City Transit (NYCT). The project, one of the most complex projects ever undertaken by the firm, requires tying five preceding construction, signal and rehabilitation contracts into one complete working tunnel system and designing and installing the state-of-the art signal integration system. |
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| April 1997 - Seven senior managers buy the company from its former parent, Spie Batignolles. |
Comstock's Senior Management Team, 1997 |
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| November 1997 - Comstock wins the Automatic Train Supervision (ATS) project on the Independent Rapid Transit division of NYCT. The project centralizes into one Rail Control Center (RCC) in Manhattan the division's dispatch and train control currently taking place in 23 master towers and dispatch offices spread across New York City. When completed, the seven-year project will provide more timely subway service by giving NYCT greater control and flexibility to correct, add, delete or reroute trains. |
NYCT's Rail Control Center in Manhattan
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| 1998 - L.K. Comstock forms Com-Tech, a new specialty division dedicated to providing integrated solutions for its telecommunications clients. |
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| 1998 - Comstock and its sister company Comtrak Construction Inc., win a $6 million project for a two-mile extension to Atlanta's existing MARTA transit line. |
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| August 4, 1998 - RailWorks Corporation completes the successful initial public offering (IPO) of its common stock, which trades on the NASDAQ under the symbol RWKS. A new public company is launched comprised of 14 rail industry service and product providers, including Comstock, which represented 59.9% of the pro forma revenues. Lester O. Wuerfl, Jr. is appointed the interim Comstock president and CEO and a search begins for a permanent replacement. |
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| March 1999 - Bill Moore is named president of Comstock, a position he holds until November of 2003. |
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| 1999 - Comstock wins the $17.8 million contract award for the Dallas Area Rapid Transit (DART) North Central & Northeast Corridors light rail extension. |
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| 1999 - RailWorks enhances the growth potential of its three New York City transit contracting companies by combining their resources into a new single operating entity. The new organization, RWKS Comstock, is a joint venture between L.K. Comstock and F&V Metro, and includes Sheldon Electric Co, Inc. RWKS Comstock is to handle all future systems projects including signal, communications and special systems, such as radio and public address systems for metropolitan New York transit agencies. Ben D'Alessandro is named president and managing principal of the joint venture. |
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| Late 1999 - Comstock’s New York Transit Group merges with its affiliated company, Impulse Electric. |
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| Late 1999 - The new entity, RWKS Comstock, wins its first two major signal modernization contracts:
CBTC Project - A $74 million award to install Computer Based Train Control (CBTC) technology on the Canarsie line. The project is a joint venture of Comstock, Siemens Transportation Systems and Union Switch & Signal. The new technology will upgrade the conventional, fixed block wayside signals to intelligent radio frequency communications-based technology. Train control is achieved by two-way communications between rail car and wayside equipment. This information is used by the Rail Control Center (RCC) and Automatic Train Supervision (ATS) system to control train movements.
Flushing Signal Project - A $69 million, 48-month signal system rehabilitation project on New York City Transit's line in Flushing, New York. Comstock will install a modern, fixed-block signal system, which will upgrade signal safety standards and improve operational reliability.
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