Eight private company boards have been honored with Private Company Boards of the Year awards for their business governance excellence by MLR Media. The awards will be presented at the 2025 Private Company Governance Summit®, which will take place May 14-16, 2025, at the Ritz-Carlton Pentagon City in Washington, D.C.
The boards of these companies were selected for recognition:
- Adolfson & Peterson Construction
- Catamount Constructors
- Dakota Supply Group
- Vantage Elevator Solutions
- Biosphere Corporation
- Summit Brewing Company
- First Women’s Bank
- Sonoma Biotherapeutics
Eight private companies were selected for the governance excellence demonstrated by their fiduciary or advisory boards. The awards, which will be presented at a dinner during the Private Company Governance Summit® on May 15, 2025, honor private company boards that best serve their stakeholders — owners, shareholders, employees and community — with best practices in their structure and performance.
The awards were created to recognize private companies that go above and beyond legal governance requirements and commit to the highest levels of governance, whether through fiduciary or advisory boards. The awards honor the performance of the board as a whole.
The tenth annual awards recognize fiduciary boards (those tasked with protecting shareholders, with the authority to vote on decisions that are binding for company management) as well as advisory boards (more informal boards that have no binding regulations, but often a significant strategic role). Fiduciary board awards were broken down by company revenues and ownership type.
The Private Company Governance Summit®, now in its 13th year, is the only national conference focused on the unique governance challenges for owners, shareholders, directors and advisory board members of closely held, family-owned and private equity-owned companies. To learn more, visit www.privatecompanydirector.com.
The boards of the following companies were selected for recognition:
Adolfson & Peterson Construction
Fiduciary Board/Family-Owned
More than $1 billion in revenues
Catamount Constructors Inc.
Fiduciary Board/Employee-Owned
More than $1 billion in revenues
Dakota Supply Group
Fiduciary Board/Employee-Owned
$350 million to $1 billion in revenues
Vantage Elevator Solutions
Fiduciary Board/Private Equity
$350 million to $1 billion in revenues
Biosphere Corporation
Advisory Board/Family-Owned
$100 million to $350 million in revenues
Summit Brewing Company
Fiduciary Board/Closely Held
Under $100 million in revenues
First Women’s Bank
Fiduciary Board/Closely Held
Under $100 million in revenues
Sonoma Biotherapeutics
Fiduciary Board/Private Equity
Under $100 million in revenues
About MLR Media
MLR Media publishes Directors & Boards, Family Business and Private Company Director magazines, and produces The Private Company Governance Summit®, the Transitions (Spring and Fall) and Family Business Legacy conferences, Family Business NextGen, and the Transformational Women in Family Business and The Character of the Corporation events.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250404221834/en/
Contacts
David Shaw, Publishing Director
Phone: 301.529.9808
Email: dshaw@directorsandboards.com
