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Tag: family businesses

Building up people through strategic training

August 3, 2022By Marie Emerick and Kevin Yanik

Luck Stone leaders discuss a unique approach to employee training that builds a foundation for those at the family-owned company.

Periodic appraisals offer knowledge about a business’s confirmed value that can ultimately help manage family wealth. Photo: James Neal/iStock / Getty Images Plus/Getty Images

How buy-sell agreements can resolve family business crises

February 8, 2022By Phillip M. Perry

Drafting up a buy-sell agreement before a crisis occurs can help negate costly disruptions to business operations and keep businesses functioning when material events occur.

Mississippi-based Hammett Gravel Co. fastened American flags on its fleet of mobile equipment, including this Cat 966M wheel loader. Photo: Hammett Gravel

Patriotic gesture keeps morale high at Hammett Gravel

April 20, 2020By Kevin Yanik

With the potential for coronavirus-laden fear and uncertainty to consume employees, Hammett Gravel Co.’s Tripp Hammett fastened American flags to his mobile fleet to keep spirits high.

Charlie Luck, whose company expanded into Georgia in 2018, represents the third generation of Luck Stone family leadership. Photo: Luck Companies

Virginia-based Luck Stone settling into Georgia

April 15, 2020By Kevin Yanik

While the family-owned company has the largest quarry network in the state of Virginia,  the company’s opportunity for growth resides largely away  from its home base.

P&Q Profile: Washington Rock Quarries’ Jonathan Hart

April 14, 2020By Kevin Yanik

A conversation with the vice president of the Washington state company, exploring family businesses, ConExpo-Con/Agg 2020 and much more.