According to The Family Business Institute, only 3% of family businesses operate into the fourth generation and beyond.
November 7, 2017: William Scott Hasse (Billy), 27, and Kimberly Hasse O’Halloran, 29 , both recently joined the 98-year-old general contractor, currently based out of Calumet City, IL and Munster, IN. Billy has joined as a Project Manager, and Kimberly as the Director of Business Development.
According to The Family Business Institute, only 3% of family businesses operate into the fourth generation and beyond. Kimberly and Billy, siblings, represent the fourth generation of Hasse family members to work at the construction company.
Hasse Construction Company has been in business since 1920. Hasse and O’Halloran’s great-grandfather, William A. Hasse, joined in 1920, and their grandfather, William A. Hasse Jr., joined the business in 1956.
William A. Hasse III (Bill), father of both Billy and Kimberly, joined the business in 1982 and became president in 1985. John Hasse joined in 1990 to head up Hasse Engineering Services – the design/build division of the company. Bill and John are currently both owners of Hasse Construction Company.
Billy joins Hasse with a background in construction management. He attended Purdue University, where he received his bachelor's degree in Building Construction Management and spent multiple college summers interning at different firms. Post-graduation, Billy spent several years managing the construction of senior living facilities in Indiana and Illinois before embarking to Denver where he recently graduated with an MBA from the University of Denver, concentrating in Real Estate Development. While obtaining his MBA, he served as the President of the University of Denver's Real Estate and Construction Management (RECM) Club and interned with a national apartment developer and operator.
“It is an honor to join Hasse Construction as the fourth generation in the business, and to carry on the legacy built by my great-grandfather, grandfather, father and uncle. The industry and society have changed significantly since my dad and uncle joined the business 35 years ago. My goal is to preserve this rich history and great reputation of providing tremendous service while delivering a great final product, all while continuing to innovate and expand our services as we take the business into the fourth generation and generations that follow, ” said Billy Hasse.
Kimberly joins Hasse from one of the largest human capital solutions providers in the world, CareerBuilder, where she spent 9 years in various corporate roles, including operations leadership and consulting with Fortune 100 businesses on implementation of their human capital software solutions. During her time at CareerBuilder, she was a leader in digital demand generation marketing, product marketing, project management, and product management. Kimberly is also a licensed Realtor. Kimberly attended DePaul University, where she received her bachelor’s degree in Marketing and Real Estate and most recently graduated with her MBA, concentrating in Finance.
“Hasse Construction has been built on integrity, hard work and perseverance through its almost 100 year history. It has always been a goal of mine to one day join the company, learn from the generations before me and carry on the strong Hasse reputation as a woman in the business. I am thrilled to join the team and to be a part of the future direction of our business,” noted Kim O’Halloran
Trusted advisor Terry McMahon commented on the recent hire of the fourth generation, “Over the past 40 years plus it has been my privilege to provide accounting and tax services to many successful local businesses. In the top echelon of these successful businesses, is Hasse Construction. The past three generations have secured its future by adding 2 Hasse’s – Kimberly and Billy – two well educated professional Hasse’s. Indeed Hasse Construction’s future is secure!”
“I am excited to have the next generation join the family business. Through their experience and education, they bring an outside perspective and knowledge that will keep Hasse going strong for generations to come,” said Bill Hasse, President of Hasse Construction Company.
“Bill and I look forward to mentoring Billy and Kimberly. With each new generation comes a new opportunity to take the business to new heights,” added John Hasse, Vice President of Construction.
