Palmer-Donavin

375 Willowbrook Road Beloit, WI 53511

3.5

BPI
Financial Rating

4

BPI Stakeholder Rating

3

BPI Social Responsibility Rating

For more than 100 years, Palmer-Donavin has been committed to providing exceptional customer service. A leader in Building Material Distribution, we are built from Employee Owners who work hard to earn a relationship one order at a time. Our goal is to create life-long customers that will inspire us to never stop innovating and remain dedicated to our mutual success.

3.5

Overall Excellence Rating

Industry

Wholesale

Category

Building Materials Distribution

ESG/Ethical Impact

Our Purpose Driven Principles drive our decision-making and unite us around a culture of growth and excellence. These 28 behaviors help serve our mission to deliver more and guide our everyday interactions with each other and our business partners. We are a 100% Employee Owned company, so all of our employees have a vested interest in our success. Our Employee Stock Ownership Plan (ESOP) is a retirement plan, but it is also the foundation of a culture in which everyone is on the same team working toward the same goal of making our company successful. The more we work together, and create efficiencies in the business, the higher our share value can become. This ultimately benefits each individual employee. In all that we do, we are guided by our Core Values: a Customer First Approach, Honesty & Integrity, a Passion for Continuous Learning, an Unmatched Work Ethic, and Personal Responsibility. ESOPs have been found to boost sales and employment more than 2% a year compared to similar companies without ESOPs. Employees are incentivized to work harder and this results in higher profits. ESOPs are only half as likely as non-ESOP firms to go bankrupt or close and only three-fifths as likely to disappear for any reason. Research shows employee-owners earn up to 12% more in median wages with better benefits compared to employees in matching non-ESOP companies. Studies show employee-owners have 92% higher median household net wealth, 33% higher median income from wages, and 53% longer median job tenure. In 2021, our employee-owners received an average ESOP contribution equal to 17.3% of their eligible compensation. When paired with the 401(k) match, total company paid retirement benefits equaled 19.8% of eligible pay. Comparatively, nearly half of Americans have no money saved for retirement.

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Awards Received

2023

Revenues

$320,000,000.00

Website Traffic

Employee Rating

4

Customer Rating

3.9

Company Size

100-1000

ESG Risk Rating

3

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