SRC Holdings Corporation
Building the world’s best brands
SRC Logistics is a subsidiary of SRC Holdings Corporation, the award-winning, employee-owned remanufacturer in North America serving original equipment manufacturers (OEMs) across the globe. SRC is known world-wide for its open-book culture, The Great Game of Business®, which focuses on transparency, integrity and business literacy.
SRC Companies & Organization Structure
The SRC Family of Companies represent a wide range of expertise in custom remanufacturing, new assembly, supply chain management, core and materials, and more. Since 1983, SRC Holdings Corp. and its subsidiaries have been helping OEMs sell parts and whole goods in the agricultural, industrial, construction, truck, marine and automotive markets. Each SRC Company is a leader in its industry and is rooted in a culture of transparency and ownership
Our History
In 1983, Jack Stack (founder of SRC Holdings) and his 12 business partners scraped together $100,000 and borrowed another $9 million to buy a failing division of International Harvester in Springfield, Missouri. With the country in the midst of a recession, the future looked bleak for the engine-rebuilding plant they called SRC (Springfield Remanufacturing Corporation). they faced a new challenge: an 89:1 debt-to-equity ratio with an 18% interest rate. Jack knew they would need every single employee to understand that meeting their loan payments was critical to their success, how to reach that goal and that their jobs were at stake if they didn’t. The key was open-book management with the idea that if everyone was working to build a great company, they would be unstoppable.