SRC Holdings Named Best Evergreen Company by Tugboat Institute

SRC Holdings Corp. is excited to announce that it has been honored in Tugboat Institute’s 2023 Best Evergreen Companies list. The inaugural class recognizes leading companies for their impact in society.

SRC received the award at the Tugboat Institute Summit in June alongside a diverse group of 25 evergreen companies including Edward Jones, Enterprise Mobility, Radio Flyer and more. Tugboat defines evergreen companies as purpose-driven organizations with the grit and resourcefulness to build market-leading businesses that make a long-term difference in the world.

Recipients were selected based on a deep dive into practices across Tugboat’s 7 principles: purpose, perseverance, people first, private, profit, paced growth and pragmatic innovation.

Since its founding in 1983, SRC’s open-book culture centered on associate education, empowerment and engagement has been the foundation for its success, which is seen in the wealth it has generated. Over its history, SRC has grown steadily, paying out millions to its employee-owners who have retired or left the company. SRC is owned by its associates through an employee stock ownership plan, or ESOP, a mechanism for sharing company wealth with those who create it.

“This award is a testament to our people and our culture,” said Jack Stack, president and CEO of SRC. “Their commitment to each other, our customers and our community is what has made SRC successful over the past 41 years and will carry that success into the future.”