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ITC Holdings celebrates 10th Anniversary

3/12/2013
ITC Building
ITC Building

ITC Holdings recently celebrated their tenth anniversary. ITC was formed in 2003, when a group of New York-based private equity investors acquired DTE Energy Co.'s transmission subsidiary in Michigan for $621 million.

The Michigan company, which celebrated its 10th anniversary February 28, has grown under Joe Welch, CEO/Founder, into a publicly traded company (NYSE: ITC) with more than $4 billion in market capitalization and $5.56 billion in total assets in 2012, a 15 percent increase from $4.82 billion in 2011. Through acquisition and internal growth, ITC now operates in seven states with 500 employees and 500 contractors.

Click here for more information about ITC.