The No. 1 supplier in the promotional products industry was just named one of the country’s best managed companies.

Top 40 supplier SanMar (asi/84863) has been selected as a 2024 U.S. Best Managed Company by Deloitte Private and the Wall Street Journal. It’s the third time the Issaquah, WA-based company has made the list that recognizes the achievements of privately owned companies and the successes of their management teams.

Jeremy Lott, SanMar (asi/84863)

“We are humbled to receive this recognition,” said Jeremy Lott, CEO of SanMar and a member of Counselor’s Power 50 list of the most influential people in promo. “I’m motivated by our team’s unwavering dedication to doing right by each other, our customers and our values.”

The list recognized 62 U.S. private companies, with annual revenue of at least $250 million, that demonstrated excellence in four key categories: strategic planning, operational execution, a commitment to their people and fostering a dynamic culture, and strong governance and financials. A panel of independent judges reviewed applications to select the companies recognized on the list. U.S. honorees join a global network of best-managed companies consisting of more than 1,300 organizations in 44 countries.

“The Best Managed Companies program honors the positive impact that U.S. private businesses have on their customers, people, industries and communities,” said Wolfe Tone, vice chair of Deloitte Private. “This group of 2024 honorees hail from multiple industries and geographies; however, their commitment to achieving success puts them in a category of their own.”

SanMar, a family-owned company since its founding in 1971, is currently managed by the third generation of the Lott family. Key drivers for its selection on the 2024 best-managed company list are the supplier’s longstanding investments in its employees, operations and sustainability efforts.

The supplier, which has nine distribution centers nationwide and offers apparel from more than 30 brands, ranked first on the most recent list of the largest suppliers in the industry, based on estimated 2022 North American promotional products revenue of $3.4 billion.