Marmon is a multibillion-dollar complex of manufacturing and service businesses built over 50+ years accumulating to more than 125 independent companies that produce transportation equipment, electrical components, and other industrial components, and companies that provide services in the construction and retail sectors. The Company’s operating philosophy is patterned after the 80/20 process at Illinois Tool Works (ITW), from where Tom Pritzker had brought 80/20 pioneer John Nichols and Frank Ptak to run the Company. Operating in a highly decentralized structure, a small professional organization in Chicago – The Marmon Group LLC – provided strategic direction and administrative support to management but left companies with significant autonomy to run their businesses.