SRC Ranked Among Largest Employee-Owned Companies

The National Center for Employee Ownership (NCEO), a nonprofit research and membership organization supporting the employee ownership community since 1981, is pleased to announce that SRC Holdings Corp. has been named the 90th largest majority employee-owned company on its 2024 Employee Ownership 100 list.

The list includes the largest broad-based employee-owned companies in the US that the NCEO could verify using governmental or other credible third-party sources. To be on the list, companies must be at least 50% employee-owned; most on the list are 100%, including SRC. Collectively, these broad-based plans cover over 655,000 people.

ESOPs of all industries and sizes have a long history of showing tangible benefits to both companies and employees while creating a viable model for business succession. The latest data from the Department of Labor shows total contributions to ESOP accounts were more than $107 billion.

About SRC

SRC Holdings Corp. is the leading North American remanufacturer servicing original equipment manufacturers and aftermarket suppliers. The SRC Family of Companies help customers reach financial and sustainability targets through custom remanufacturing, new assembly, supply chain management, and core and materials management in the agricultural, industrial, construction, truck, marine and automotive industries. Since its founding in 1983, SRC has pioneered the open-book management movement and employs nearly 2,000 associates across the United States.

About the NCEO

The National Center for Employee Ownership (“NCEO”) is a 501(c)(3) nonprofit organization that has been supporting the employee ownership community since 1981. Its mission is to help employee ownership thrive. The NCEO helps its thousands of members make smart decisions about employee ownership with everything from reliable information on technical issues to inspiration to help companies reach the full potential of employee ownership. In addition, the NCEO generates original research, facilitates the exchange of best practices at its live and online events, features the best and most current writing by experts in its publications, and helps employee ownership companies build ownership cultures where employees think and act like owners. For more information, visit www.nceo.org.