A major industry group has been commended for its growth and longevity as a family business.
The Ray White Group has been awarded the inaugural Family Business Award for Excellence at the 2015 EY Entrepreneur of the Year Awards.
This award is not new to EY internationally. With the more than 20 different winners globally in 2014, the award recognises family businesses that have successfully grown and transitioned through multiple generations.
Past winners of the award internationally include companies such as LEGO, Sattler and the Messer Group.
Brian White, joint chairman of the Ray White Group, said it was an honour for the Ray White Group to receive the award.
“This award has been in existence in Europe for such a long time where family businesses have been so well-established, almost for hundreds of years. It was deemed time for Australia to recognise family business, and it is a source of great pride that our family company [was] announced as the Australian inaugural winner,” said Mr White.
“It is also a terrific thrill for us to be able to present this award to our members, because so many of our businesses are family-run and we have collectively created this achievement.”
Ray White is in its fourth generation of family ownership after launching as an auctioneering business in 1902.