Finalists and Semifinalists, Revenue Over $10 Million

These exceptional family-owned businesses generated over $10 million in revenue last year.

FINALIST
Elberon Development Group
After helping build the New York City subway system and working on construction projects in South America, David Evans founded Elberon in 1920 as a residential construction company. Elberon started building one house at a time, but Evans soon expanded his business to include commercial construction.
The business struggled through the Great Depression, but Evans kept it going by changing the focus to industrial real estate. In time, Elberon became one of New Jersey’s earliest real estate developers, successfully implementing a “build-to-suit” business model. After Evans’s death in 1984, his daughter, Anne Evans Estabrook, took over the company. Today, Estabrook—who served as chair of the state Chamber of Commerce from 2003 to 2005—runs operations with her son Dave. The Cranford-based company and its affiliates own nearly 2 million square feet of industrial, commercial and retail space in New Jersey.

SEMIFINALISTS
Gibraltar Laboratories
In 1970, Herbert Norman Prince, co-discoverer of a cure for Hodgkin’s disease, named the nascent laboratory located in his basement Gibraltar Laboratories, in hopes that its reputation would be as solid as the Rock of Gibraltar. Prince’s son Daniel took over the Fairfield-based scientific testing and research business in 1987 and has upheld his father’s standard of excellence through a period of expansion. The third Prince generation is already hard at work at the lab, which employs a staff of 50 scientists.

Allen & Stults Co.
Founded just after the Civil War, Allen & Stults Co. originally ventured into such businesses as funeral directing, purveying deeds and real estate sales. In 1881, it purchased an insurance agency. That would become its primary business. Today, the fourth generation of the Stults family runs the Hightstown-based company, which boasts several employees who have been serving the firm for 40 years or more. The family is ardent in its commitment to Hightstown; it reopened its doors for claim service just hours after Hurricane Irene devastated the area in 2011.

My Limo
Working out of his kitchen, Philip Gogel started an automobile parts and accessories business in 1959. He expanded the business to a Hanover store and bought his first limousines. By 1980, the company had its first three rental cars. Three years later, My Limo was born; it would grow into a 150-car fleet. Today, Philip’s son, Howard, runs the business along with other family members. The company’s commitment to the Morris County area includes support for Employment Horizons, a nonprofit that provides job training and placement services to people with disabilities.

Wine Chateau
Arun Abrol spent his life savings to open a series of wine and spirits shops in South Orange and South River. In 2002, his son Saurabh, a graduate of the New Jersey Institute of Technology, transformed Arun’s mom-and-pop business into the Wine Chateau megastore in Metuchen. Today, the company also operates a well-stocked retail website, providing access to more than 17,000 imported and domestic wines. Wine Chateau supports organizations such as the Make-A-Wish Foundation, the George Lopez Foundation and Rainbow Givings.

Jack Daniels Motors
Jack Daniels III started his chain of automobile dealerships in 1972. Three generations later, it has weathered the gas crisis of the 1970s and the recession and has grown to five locations in Fair Lawn, Paramus and Upper Saddle River. The business is now operated by Daniels’s sons, Jack and Mike. They are involved in their local communities and support organizations such as the Diabetes Foundation and high school Don Bosco Prep.

Click here to leave a comment
Read more Jersey Celebrities, Jersey Living articles.

By submitting comments you grant permission for all or part of those comments to appear in the print edition of New Jersey Monthly.