Morrilton Area Chamber of Commerce issued the following announcement on Feb. 3.
Benny Koontz, President, Chief Executive Officer, and sole owner, is proud to transfer Koontz Electric to the third generation. Koontz Electric has been setting the standard for safety, quality, and integrity, since 1958, when founded by Benny’s father Keith. The largest electrical contractor in the state for many years, as ranked by Arkansas Business, with over $60 Million in annual revenues, Koontz Electric takes pride in working safely, ethically, and profitably, for the betterment of our employees, customers, and community. Providing electrical design, and construction services, for renewable energy and high voltage grid projects, coast to coast, and border to border. This succession plan was made possible by generosity and owner-financing from Benny, and significant credit facilities from Relyance Bank.
New owners include his son Bryce Koontz (Vice President/Business Development), Nephew Paul Zimmerman (Vice President/High Voltage Division), Nephew Jamie Zimmerman (Vice President/Government Affairs), Nephew Matt Zimmerman (Vice President/CFO), Nephew Joseph Dold (Vice President/Utility CRM), and Jeremy Stell (Vice President/Technical Services Division). Most of whom started at the company as teenagers, with over 100 years of service.
They will be led by senior owners Dean Hoover (President/CEO), Jeff Ludwig (Executive Vice President/CRO), and Richard Dold (Executive Vice President/COO), who also have over 100 years of service to the company.
"I am very pleased to extend my thanks to all of our employees for their loyalty and commitment to helping us build our company over the past 60 plus years. I have the utmost confidence that these new stockholders, as the established core management team, will continue to conduct the Company's business professionally with integrity. I believe in them and look forward to seeing the Company grow and expand as they take on the challenges and opportunities that lie ahead. I know they will be successful as they take Koontz Electric to the next level." Benny Koontz.
Congratulations Koontz Electric's 3rd Generation!
Original source can be found here.
Source: Morrilton Area Chamber of Commerce
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