Loyola University Chicago

Quinlan School of Business

Illinois family business of the year award winners announced

Illinois family business of the year award winners announced

The annual Illinois Family Business of the Year Awards recognize leading family businesses for their contributions to industry and community and for innovative business practices and strategies.

The Family Business Center is pleased to announce the winners of its 25th Annual Illinois Family Business of the Year Awards.

Presented in six categories, the awards recognize companies with exceptional commitment to family and family business. The center continues to recognize deserving family businesses and to celebrate the family enterprise as it has for more than two decades.

An awards gala honoring the winners and finalists, as well as the tradition, dedication, and success of the family enterprise, will take place on Thursday, November 15 at 6:30 p.m. at the Four Seasons Hotel Chicago. Purchase tickets →

2018 Award Winners

The 2018 Illinois Family Business of the Year Awardees are:

  • Small Family Business of the Year Winner: Cushing
    A. Perry Homes, Batavia Enterprises, Daprato Rigali Studios Inc.
  • Medium Family Business of the Year Winner: Devon Bank
    Digital Check Corp., FONA International, West Side Tractor
  • Large Family Business of the Year Winner: Elkay
    Carl Buddig & Co., Ed Napleton Dealership Group, Handi-Foil
  • Community Service Award Winner: Stenstrom Companies
    Devon Bank, Ed Napleton Dealership Group, Elkay, Fellowes Brands, Rabine Group, Two Brothers Brewing
  • Dean’s Award Winner: Nielsen-Massey Vanillas
  • Century Award Winner: Follett

The awards drew nominations in six categories: Small (companies with fewer than 50 employees), Medium (50 to 250), Large (more than 250), Community Service, the Dean’s Award, and the Century Award. Those recognized have demonstrated positive family/business linkage, multigenerational family business involvement, contributions to industry and community, and innovative business practices and strategies.

The center’s inspiration for the awards program comes from its numerous nominees: successful and dedicated family businesses whose generosity, innovation, and community involvement have left powerful and lasting impressions. 

“The Loyola Family Business Center has been recognizing the best family businesses in the state for 27 years and shining a spotlight on the importance of family business to our economy,” said Anne Smart, director of the Loyola Family Business Center. “These businesses deserve to be recognized for their job creation, long-term, sustainable economic value, and commitment to the vitality of our economy and communities. On behalf of our generous sponsor organizations and Loyola University Chicago, we wish to congratulate this year’s winning businesses and the families who lead them.”

This year’s sponsors include BMO Harris Bank, Katten Muchin Rosenman LLP, Wipfli LLP, William Blair, MassMutual, Hoopis Financial Group, MB Financial Bank, Oxford Financial Group, Perkins Coie, U.S. Bank Private Wealth Management, Abbot Downing, Crain’s Chicago Business, and Eli’s Cheesecake.

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