Steve McShane, founder and chief executive officer of Midtronics, Inc., was named the recipient of the 2014 McGladrey Lifetime Achievement Award during the firm’s annual Manufacturing & Distribution Executive Summit on November 18. McGladrey LLP is a leading provider of assurance, tax and consulting services.
The McGladrey Lifetime Achievement Award recognizes a distinguished Chicago-area business executive who has demonstrated outstanding leadership in business and civic involvement, as well as significant contributions to the community, thereby setting an example for future business leaders.
“McGladrey is proud to recognize Steve for his exceptional accomplishments in his industry and the leadership he’s shown in the Chicago business community,” said David Sterling, national tax leader of McGladrey’s mergers and acquisitions tax practice.
McShane founded Midtronics in 1984 with the introduction of innovative conductance-based battery testing technology for the automotive market. Five years later, Midtronics developed the first product for testing stationary batteries in telecommunications systems.
Midtronics is now a worldwide leader in battery management solutions in both transportation and stationary battery markets. McShane, his company, and its staff hold a significant portfolio of 200 worldwide patents and other intellectual property that are at the heart of their products and technologies.
The award also recognized that McShane and his family are actively involved in community outreach. The McShane Family Foundation supports a variety of education-based philanthropies, including Reading in Motion, A Better Chicago, and the McShane Family Hispanic Scholarship Fund in conjunction with the Catholic Education Foundation of the Diocese of Joliet.
“Steve exemplifies how ingenuity in manufacturing can influence an entire industry and have a tremendously positive impact beyond Chicago,” said Karen Kurek, McGladrey’s national industrial products leader. “He is a terrific business ambassador for our city.”
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