What SRC Holdings does

SRC Holdings is a 100% employee-owned remanufacturer based in Springfield, Missouri, that rebuilds and reassembles engines and components for original equipment manufacturers. Its core work is custom remanufacturing and new assembly: taking used cores back from the field, disassembling them, and rebuilding diesel engines, turbochargers, fuel systems, gasoline and natural gas or propane engines, and industrial power units to specification. Around that core it runs a full aftermarket supply chain: core and materials management, vendor-managed inventory, warehousing, logistics, kitting and packaging, material salvaging, and failure analysis.

SRC is a holding company rather than a single plant. It has founded or invested in more than 60 companies since 1983, operating today through named units and joint ventures including Springfield ReManufacturing Corp. (its original heavy-duty engine business), SRC Automotive, SRC Technologies Group, SRC Logistics, SRC Industrial, NewStream Enterprises, CNH Reman, Genie Recon, and Ceramex North America. The markets it serves span agricultural, construction, truck, marine, automotive, industrial, and mining equipment. Remanufacturing is the throughline: reusing the existing core saves roughly 85% of the energy, water, and materials that building a new part would consume, and the company says its operations keep about 286 million pounds of material out of landfills each year.

Scale and footprint

SRC reports roughly 2,000 associates across 4.4 million square feet of manufacturing and warehouse space, spread over four primary locations in the Springfield, Missouri area. That places it well into the mid-market band for a private industrial remanufacturer. Independent reference sources put its revenue at $400 million or more, with combined sales above $600 million when its joint ventures are included; SRC does not publish audited standalone figures, so those are best treated as bands rather than precise numbers.

The footprint has been growing. In December 2025 the company opened a new SRC Industrial facility of about 200,000 square feet, an investment of roughly $19 million that consolidated that unit under one roof. In January 2026 SRC Technologies Group secured a $1 million grant to add an advanced electronics assembly line. In July 2026 Genie Recon, its reconditioning joint venture, held a ribbon cutting for a Springfield operation tied to an $11.5 million expansion and 243 new jobs, per the Missouri Department of Economic Development.

Ownership and history

SRC began in 1983 when a small division of International Harvester in Springfield was headed for closure. Jack Stack and a group of managers pulled together $100,000 and borrowed $8.9 million to buy the truck-engine remanufacturing operation, saving 119 jobs. To make the debt survivable, Stack taught every employee how the company's financials worked and tied their jobs and pay to hitting the numbers. That practice became The Great Game of Business, an open-book management system SRC still runs and licenses today, and which has been the subject of more than 100 business books and case studies and named a most innovative business practice by Inc. Magazine.

The company has been 100% employee-owned through its ESOP since the beginning, and its stock has compounded from ten cents a share in 1983 to well over a hundred dollars in later years. It has been recognized among the largest U.S. employee-owned companies by the National Center for Employee Ownership and named to the 2025 Best Evergreen Companies list by the Tugboat Institute. Leadership includes Jack Stack as Chairman and CEO, Tim Stack as President, Elizabeth Wente as General Counsel, and Mike White as Executive Vice President of Accounting and Finance.

Known customers

SRC's model is OEM-direct remanufacturing, so most program detail stays inside customer relationships. Two are documented on the public record:

The company also traces its own origin to International Harvester, whose Springfield truck-engine remanufacturing division became SRC in 1983. Beyond these named relationships, SRC works with OEMs across agricultural, construction, truck, and industrial markets under programs it does not publicly name.

Frequently asked questions

What does SRC Holdings do?

SRC Holdings is a 100% employee-owned remanufacturer in Springfield, Missouri. It rebuilds and reassembles diesel and gasoline engines, turbochargers, fuel systems, and industrial power units for original equipment manufacturers, and provides supply chain services such as core management, warehousing, logistics, and kitting and packaging. It operates through more than 60 companies and joint ventures including Springfield ReManufacturing Corp., SRC Automotive, CNH Reman, and Genie Recon.

Who owns SRC Holdings?

SRC Holdings has been 100% employee-owned through an employee stock ownership plan since it was founded in 1983. It was created when Jack Stack and a group of managers bought a failing International Harvester remanufacturing division to save the jobs there. It has no outside corporate parent.

Where is SRC Holdings located?

SRC Holdings is headquartered at 531 S. Union Ave., Springfield, Missouri 65802. It operates about 4.4 million square feet of manufacturing and warehouse space across four primary locations in the Springfield area.

How many employees does SRC Holdings have?

SRC reports roughly 2,000 associates, all of whom are employee-owners. Some third-party databases model far lower headcounts from LinkedIn profiles, which undercount manufacturing workforces; the company's own figure of about 2,000 is corroborated by independent reference sources.

Who are SRC Holdings' customers?

SRC serves original equipment manufacturers across agricultural, construction, truck, marine, automotive, and industrial markets. Two documented relationships are its joint ventures: CNH Reman with CNH Industrial, formed in 2009, and Genie Recon with Genie for reconditioning mobile elevating work platforms.

What is The Great Game of Business?

The Great Game of Business is the open-book management system SRC created in the 1980s and still runs today. It shares the company's financials with every associate and ties their work and rewards to business results. SRC also operates it as a separate business that teaches the method to other companies, and it has been the subject of more than 100 business books and case studies.

Last verified September 28, 2026. Is this your company? Request a correction.