CBJ's Largest Privately Held Companies 2018

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Van Meter Inc. 3 LURA MCBRIDE PRESIDENT & CEO Van Meter Inc. is unique among the Corridor’s largest companies, in that it is 100 percent owned by its employees. It’s an approach that makes every worker an active guardian of the electrical distributor’s bottom line and has fueled its growth since its last appearance on the CBJ’s Largest Privately Held Companies list in 2016, according to President and CEO Lura McBride. In addition to an acquisition in downtown Chicago, Van Meter has also opened a branch in Omaha. The 85-year-old company based in Cedar Rapids now has 15 locations throughout the Midwest. “Nebraska is a true extension of our Iowa marketplace,” Ms. McBride said of the new location. “We are listening to our customers and expanding to where they need us to have a presence.” Van Meter has also formed relationships with national commercial contracting clients, offering a new avenue for growth. It continues to serve numerous other verticals as well, from education and health care to manufacturing and agriculture. A perennial leader in building staff engagement and positive workplace culture, the company recently created a 2025 vision to guide how it will continue to provide lasting value. This roadmap was crafted by the entire organization, and incorporated input from customers and partner suppliers as well. “To foster buy-in, we had to ensure that the direction was aligned with our people. Everyone from our receptionists and delivery drivers to managers and product specialists had the opportunity to contribute,” Ms. McBride explained. “When everyone understands how their role is critical to our vision, the goals are easier to achieve.” The company also continues to invest in its workforce. Van Meter encourages its employee-owners to nurture their purpose outside of work. With a parental leave program that recognizes both mothers and fathers, employee sabbaticals, and a “5-7 Challenge” that discourages after-hours work, the company ensures work-life balance is an authentic habit and not just a buzzword. The results are paying off as Van Meter has grown its employee-owner base to more than 500 – a 10 percent increase from 2016. Part of that progress stems from deliberately building relationships. Van Meter’s mission rests on five core principles: people, partners, progress, place and profit. According to Ms. McBride, a business can reach new heights only when its people come first. “Employee benefits aren’t the only way to invest in people – you THE TEAM EXECUTIVE TEAM Lura McBride, President & CEO Melanie Fisher Doyle, CFO Mike Gassmann, EVP & Chief Growth Officer Brian Bytnar, Chief Development Officer Jeff Miller, VP Information Technology Alicia Murphy, Chief Organizational Effectiveness Officer BOARD OF DIRECTORS Bruce Lehrman Barry Boyer Hillary Hughes Lura McBride Jeff Siegfried Duane Smith should strengthen your day-to-day culture as well” she said. “Van Meter achieves this by heavily developing our own leaders. We want our leaders to lift up each individual person in our company. When leaders empower, enable and support every team member, our employee-owners are inspired and motivated to innovate for our customers.” To keep people at the forefront and reinforce its ownership culture, Van Meter has made intentional and strategic investments in how it recruits and hires new members. It has also focused on inboarding, which is a type of support given to existing employee-owners to help them succeed not only in their current role but ones they may hold in the future. “Van Meter is different because we are both privately held and employee owned. The employee-ownership model not only provides accountability, but it also makes profitability accessible to every single person in the company, regardless of their position,” Ms. McBride said. “When employees think, act and serve like an owner, it creates a company culture that delivers better service, value and outcomes for everyone.” - Jennie Morton “When employees think, act and serve like an owner, it creates a company culture that delivers better service, value and outcomes for everyone.” - LURA MCBRIDE 10 CBJ’S LARGEST PRIVATELY HELD COMPANIES 2018
LARGEST PRIVATELY HELD As we look back over the years, we reflect on the lessons we’ve learned in order to grow our business to what it is today. We understand the real complexities of a privately held company, because that’s who we are. Let us help you be proactive in your business planning. We can protect and maximize your business through our unique services and innovative solutions. Local professionals solving the world’s biggest engineering challenges www.stanleyconsultants.com | 563.264.6600 truenorthcompanies.com CBJ’S LARGEST PRIVATELY HELD COMPANIES 2018 11
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CBJ's Largest Privately Held Companies 2018

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