McCarthy Building Companies, Inc., one of the oldest construction companies in America and a 100 percent employee-owned firm, was honored this week with the top 2011 TORCH Award from the Better Business Bureau (BBB) Serving Eastern Missouri and Southern Illinois. The TORCH Award honors excellence in customer service, employee relations and ethical business practices. McCarthy President and Chief Operating Officer Derek Glanvill accepted the award during the ceremony.
“Founded as a small family-owned company in 1864, McCarthy’s long history has been built on the solid values of integrity, trust and an open approach to doing business,” explained Glanvill. “Today, we’ve grown into one of the largest construction companies in America. But, even though times have changed, our guiding principles have not. Being honored with this TORCH Award confirms the principles that guided our builders nearly 150 years ago are still just as relevant today.”
Timothy McCarthy originally founded the company in Ann Arbor, Mich., as a lumber business. His sons moved the firm to St. Louis in 1917, where it has grown into one of the nation’s premier commercial builders known for safely solving the most complex construction challenges. The company became 100 percent employee-owned in 2002, when Michael M. McCarthy, the last significant family shareholder, sold his shares to employees.
“Our ownership culture fosters a level of commitment and dedication that we believe translates directly into world-class customer service,” continued Glanvill. “While we utilize the most sophisticated technology tools in the business, ultimately our reputation is built on how we treat one another – our McCarthy family, clients, industry partners and neighbors in the community. We think that’s what being a true builder is all about.”
With 2010 revenues of $2.5 billion, McCarthy has approximately 1,500 salaried employees across America. In the St. Louis metro area, McCarthy, together with MC Industrial, an independent McCarthy company, has completed work in a variety of market sectors including healthcare, education, commercial, science & technology, industrial, transportation and power. Currently, the firm has more than $500 million in work underway in the region.
McCarthy is the eleventh recipient of the top TORCH Award in the St. Louis region. Former recipients of the award include: Anheuser-Busch Companies, Brown Shoe Corp., Enterprise Rent-A-Car, Monsanto and United Van Lines.
About the Better Business Bureau (BBB)
The Better Business Bureau (BBB) is a nonprofit, business-supported organization that sets and upholds high standards for fair and honest business behavior. The BBB provides objective advice, free BBB Business Reviews, dispute resolution service, charity wise-giving reports, alerts and educational information on topics affecting marketplace trust.
McCarthy Building Companies, Inc. (mccarthy.com) is one of the nation’s oldest and largest commercial construction companies. With a never-ending mission to be the Best Builder in America, the firm is currently the nation’s 10th largest builder (Engineering News-Record, May 2011) and 178th largest private company (Forbes, November 2011). McCarthy offers general contracting, construction management and design-build services for the a variety of project types including: healthcare, education, science and technology, green, entertainment, parking, office, bridges and highways, retail, industrial, tenant interiors and mixed-use. Repeatedly honored as a Best Place to Work, McCarthy is a 100 percent employee-owned private company, or “S corporation employee stock ownership plan” (S ESOP).