Planning for its future, Enginuity adds younger partners to ownership group

Posted On On: May 31, 2017 Categories Filed Under: Member News

Enginuity LLC is only a 15-year-old company, but the owners of the Hampden Township-based mechanical services firm have already started planning for the next generation of leadership.

The company recently announced that Daniel Maurer, its vice president of finance, and Michael McHenry, vice president of service, have become partners in the ownership group.

It’s one of the first big steps in an early succession plan for the company’s three founders, Jim Mooney, Jim Elash and Jeff Winterborne.

“We’re all getting older and looking down the road,” said Mooney, the company’s president and CEO. “We wanted to perpetuate the business for our own good and for the benefit of our employees. This is a great opportunity to have them come in to start the transition process that will take years.”

The three owners range in age from 48 to 64, while the new partners are in their 30s.

“We’ve been working on a transition plan for a few years waiting for the right people to be in place to pull the trigger,” Mooney said. “I think there will be more (partners) as time progresses.”

Maurer joined the company in 2014 after serving as director of finance for the Harrisburg Regional Chamber and Capital Region Economic Development Corp. He called the move into ownership a “dream come true.”

Read the full article here – http://www.cpbj.com/article/20170526/CPBJ01/170529870/planning-for-its-future-enginuity-adds-younger-partners-to-ownership-group?utm_source=cpbj&utm_medium=fourthcol&utm_campaign=CPBJ

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