ROI-NJ Honors New Jersey Family Business Winners
The awards recognized 16 state finalists for their leadership at a ceremony held in East Hanover.
Updated on Oct. 19, 2026 in Openings & Closings
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ROI-NJ recently hosted its inaugural New Jersey Family Business of the Year Awards to celebrate the legacies of family-owned companies across the state. The program honored finalists across two distinct revenue categories during a ceremony held at The Hanover Manor.
Why it matters
The event was organized to acknowledge the contributions and generations behind family-run enterprises in New Jersey. It aims to highlight the unique business leadership and community impact that these multi-generational firms provide.
The awards recognized 16 finalists split into two categories defined by a $10 million annual revenue threshold. MSI Plumbing & Remodeling and NRS Inc. secured the top honors in their respective groups.
The players
ROI-NJ
This is a business news organization that provides coverage of the New Jersey economy and corporate community.
Penni Wild
She is a business leader who served as the keynote speaker at the inaugural awards ceremony.
MSI Plumbing & Remodeling
This company is a family-owned business that won the award in the under $10 million annual revenue category.
NRS Inc.
This entity is a family-owned business that received the award in the over $10 million annual revenue category.
The details
The ceremony brought together families, sponsors, and finalists to showcase the enduring success of local organizations. Keynote speaker Penni Wild addressed the attendees, emphasizing the role of family dynamics in shaping modern business strategy.
Timeline
The Family Business of the Year Awards ceremony occurred on Oct. 15, 2026.
Market Landscape
The recognition of these firms follows the documented trend from the U.S. Census Bureau's report on family-owned businesses, highlighting their critical role in state economies. By honoring these companies, the event reinforces the competitive standing of small and medium-sized family enterprises against larger corporate competitors.
For local consumers and job seekers, these awards highlight which family-owned companies are currently leading in performance and stability. Recognizing these businesses may help residents identify reliable local service providers that have been vetted for their operational excellence.
The takeaway
Family businesses remain a foundational component of the regional economy, frequently balancing multi-generational legacy with modern operational growth. Supporting these firms contributes to the economic stability of local communities across the state.
Further reading
For more on the local business scene, visit the New Jersey Openings & Closings section.
Source note: This article includes information reported by ROI-NJ.
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