Sammons Enterprises Revenue and Competitors

Established in 1962, with roots dating back to 1938, Sammons Enterprises is a privately-held, diversified holding corporation that owns and operates businesses across a variety of industries. With thousands of employees around the world and assets approaching $40 billion, Sammons ranks among the largest privately owned companies in the world. Sammons Enterprises was founded by Charles A. Sammons. The company's roots originate in Dallas, Texas, where Mr. Sammons began Reserve Life Insurance Company in 1938, providing the foundation for what has grown into Sammons Enterprises. In the early 1950s, Mr. Sammons began to diversify the company's operations, purchasing interests in the communications, industrial products distribution, insurance, travel and hospitality industries. Under Mr. Sammons' leadership, his pioneering companies built success stories in each of these industries. During the 1970s and 80s Sammons Enterprises created a conglomeration of close to 70 companies. Today, Sammons' three core business sectors include financial services, equipment distribution and hospitality/real estate. The organization also pursues interests in a variety of investments ranging from assisted living communities to electronic monitoring products used in offender monitoring programs. Some of Sammons' successful business strategies have become evident during the last seventy years. Over the years, Sammons has persistently pursued sustainable, increasing economic value. The people of Sammons are dedicated to finding and working with people who uphold high ethical standards and demonstrate like values. They consider themselves stewards of a unique culture which they deem responsible for the organization's success. The company has a long-term investment approach supported by the operational expertise of its people and the company's stable financial condition. Sammons doesn't consider five years a long-term investment. The Grove Park Inn, Briggs Equipment and the long-admired Midland National Life Insurance Company were all acquired in the 1950s. In 1978, Mr. Sammons launched the company's Employee Stock Ownership Plan (ESOP). Dedicated to creating a true employee-shareholder culture, the Sammons ESOP was designed to provide more than a retirement benefit. It enables employees to impact the value of their personal holdings as a result of their contributions to the success of their individual companies. Mr. Sammons passed away in 1988, but under the leadership of his wife, Elaine Sammons, who serves as chairman of the board, his dedication to ethical, profitable management lives on.