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Beyond their historical significance, family businesses, like Gault Energy & Stone, are also the engine of our economy and the foundation of communities across America. In fact, according to the Small Business Administration, family businesses comprise 90 percent of all business enterprises in North America, and a whopping 62% of total U.S. employment. Greater Norwalk Chamber of Commerce president and CEO Edward J. Musante, Jr. says that building and sustaining a family business over five generations, as the Gault family has done, is truly remarkable, especially when you consider that only 12 percent of family businesses in the U.S. are still viable by the third generation.
“Any
business, whether family-owned and –operated or not, can learn a tremendous
amount from the Gault story,” says Musante. “Creating and sustaining a culture
of providing excellent products and services, while taking an active role in
the community is, indeed, the cornerstone for long term success. With a track record that spans five
generations and many business evolutions, the Gault family’s wisdom for how to
succeed in a dynamic business environment is priceless.”
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