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KEITH COS. /Costa Mesa, California After Thrill Ride, Engineering Firm Settles Down.(A)

Investor's Business Daily

| March 01, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Tom Gray

Investor's Business Daily

Thrill rides aren't for everybody. Just ask Aram Keith.

Back in the mid-1990s, his engineering firm, Keith Cos., had just been through a brutal downturn in the California real estate market. He decided it was time to look for something smoother.

While Keith Cos. still does plenty of survey and design work for California land developers and builders, it's been steadily widening its scope into new markets and regions. A handful of the markets it's entered are hitting on all cylinders.

One is power generation. Keith has added mechanical, electrical and other industrial engineering services to its lineup. The move is paying off in energy-starved California and other states, where the company is doing design and engineering work on new power plants.

In December it added eight engineers -- a 20% hike -- to handle the extra load. Its Engineering Services unit is working on seven small plants with 50-megawatt gas turbine generators.

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