2025

Fueling growth: Payroll solution provider helps family business modernize

PFBA /

A third-generation powerhouse in the energy industry, Stern Co. has grown from a small family business into a leading fueling distribution and consultation partner. Founded as an oil supplier in 1976, Stern has grown into a company of more than 82 employees and six locations across the Midwest. Family leadership includes Scott Stern, second-generation CEO, and Kaitlyn Reinesch, […]

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3 Family Businesses Honored with Awards from Prairie Family Business Association

Awards, PFBA /

Three family businesses were honored this week for their success across multiple generations. More than 500 people attended the 33rd annual Family Business Conference from the Prairie Business Association, where the following awards were presented: Lloyd All In Award: Uthe family of Trav’s Outfitter The third-ever Lloyd All In Award was presented to Trav’s Outfitter

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Tech futurist to detail possibilities with AI for family businesses

PFBA, Q&A /

A tech trend forecaster and futurist will lend an inside look this spring into the opportunities AI presents for family businesses. Sean Watson serves as senior vice president of special projects at Trend Hunter, a firm based in Toronto, Canada, that works with some of the world’s largest brands on custom research, AI tools, training

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Preeminent thought leader on generational wealth to share insight at family business conference

PFBA, Q&A /

Prepare to unlearn what you thought you knew about family business succession planning — and tackle the sometimes taboo topic of generational wealth — when an internationally known expert comes to Sioux Falls next month. Dr. Thomas William Deans is an author and full-time professional speaker who has delivered more than 2,000 speeches in 28

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Beyond the boardroom: Family businesses to offer insight into board approach

PFBA /

One is an advisory board, the other a fiduciary board. One dates back to the 1980s; the other was formed eight years ago. But for both Muth Cos. and Steffes Group, utilizing a board of directors has proven invaluable in evolving their family businesses. Both will share their stories and best practices at an upcoming

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First-time event puts focus on needs of female family business members

PFBA /

Being a woman in a family business brings a unique dynamic. “You’re often both a business leader and an emotional leader. You’re a support for the employees, for the family, children, spouses; there are so many hats women tend to wear in a family business,” said Stephanie Larscheid, executive director of the Prairie Family Business

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