Company Name: Van Meter Industrial
Location: Cedar Rapids, IA
Nature of Business: Wholesale distributor of electrical, automation, lighting and other products
Founded: 1928
Revenue: $165 million
Number of Employees: 342
Average Tenure: 7 years
This year's longest-running honoree, Van Meter Industrial, based in Cedar Rapids, IA, was founded in 1928. This 342-person company is a wholesale distributor of electrical, automation, lighting, data communications and power transmission products. The company excels in satisfying both its geographically diverse customer base, and serving the communities in the 13 Iowa cities where it maintains an office, primarily through employee-owners donating their time to local causes. Practices such as a program that encourages staff to make small changes in work habits to improve processes as well as incentives such as stock ownership and performance bonuses have helped Van Meter Industrial consistently rank in the upper quartile performance of financial measurements.
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