Established in 1962, with roots dating back to 1938, Sammons Enterprises is a privately-held, diversified holding corporation that owns and operates businesses across a variety of industries. With thousands of employees around the world and assets in excess of $70 billion, Sammons ranks among the largest privately-held companies in the world.

Sammons Enterprises was founded by Charles A. Sammons. The company’s roots originate in Dallas, Texas, where Mr. Sammons began Reserve Life Insurance Company in 1938, providing the foundation for what has grown into Sammons Enterprises.

In the early 1950s, Mr. Sammons began to diversify the company’s operations, purchasing interests in radio stations, cable television communications, industrial products distribution, health and life insurance, manufacturing, energy supplies, travel and hospitality. Under Mr. Sammons’ leadership, his pioneering companies built success stories in each of these industries. During the 1960s Sammons Enterprises was a conglomerate of more than 90 companies.

Today, Sammons' three core business sectors include financial services, equipment distribution and real estate. The organization also pursues interests in a variety of investments ranging from assisted living communities to a wind generation project.

The company continues to apply Mr. Sammons' successful business strategies.

  • Over the years, Sammons has persistently pursued sustainable, increasing economic value.
  • The people of Sammons are dedicated to finding and working with people who uphold high ethical standards and demonstrate like values. They consider themselves stewards of a unique culture which they deem responsible for the organization’s success.
  • The company has a long-term investment approach supported by the operational expertise of its people and the company's stable financial condition. Sammons doesn't consider five years a long-term investment. Briggs Equipment and Midland National Life Insurance Company were both acquired in the 1950s.

In 1978, Mr. Sammons established the company's Employee Stock Ownership Plan (ESOP). Dedicated to creating a true employee-owner culture, the Sammons ESOP was designed to provide more than a retirement benefit. It enables employees to impact the value of their personal holdings as a result of their contributions to the success of their individual companies.

Mr. Sammons passed away in 1988, but his dedication to ethical, profitable management lives on.