Steiner Electric Co., Elk Grove Village, IL, celebrating its first century in business this year, was recognized recently by Loyola University of Chicago’s Quinlan School of Business as its Illinois Large Family Business of the Year for 2016.
The Quinlan School rates local family-owned firms on business success, multi-generational involvement, contributions to industry and community, and innovative business practices and strategies. Independent judges select one winner in each of three business-size categories, large, medium and small, based on number of employees.
“The Steiner team is very proud to receive this honor,” said Rick Kerman, president and CEO of Steiner. “We are grateful for our valued customers, suppliers and employees, all of whom have contributed to our success over these last hundred years.”
Steiner Electric was founded in 1916 by George Steiner, Rick Kerman’s grandfather. Rick and his father Harold were partners for 35 years before Harold’s passing in 2012. Today, the third and fourth generation of Steiner descendants and the company’s 430 associates operate the company “with the same commitment and core values that George and Harold brought to the business,” Rick Kerman said. “We’re investing and innovating for the next hundred years with products, services and social responsibility.”