Critical Power Exchange LLC, a recycler and reseller of backup-power equipment, says it has moved from Liberty Lake into larger quarters in Spokane Valley due to recent and anticipated growth, and expects to increase its work force by about a third before year-end.
The company now occupies 55,000 square feet of leased space in the Spokane Business & Industrial Park, at 3808 N. Sullivanmore than twice the space it formerly leased at 23502 E. Knox, in Liberty Lake, says Shatel Wildman, president and minority owner of the company.
Wildman says Critical Power Exchange employs 20 people and expects to hire seven more this year.
"We're expanding," she says. "Demand is growing because we're a green company that recycles used equipment, refurbishes it, and puts it back into the market."
She says she expects the company's revenues to exceed $10 million this year.
An affiliated company, Critical Resources LLC, recycles nonferrous metals, such as copper, shares space and employees with Critical Power Exchange.
Critical Power Exchange specializes in used generators, big breakers called switch gear, and Liebert air-conditioning systems. Data centers that have backup-power systems, such as those in hospitals, are primary users of the equipment.
Dean Stuart, of Spokane-based Crown West Realty LLC, which owns and operates the Spokane Business & Industrial Park, and Mark Lucas, of Spokane-based Kiemle & Hagood Co., handled the lease.
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