Frank Venegas, a Detroit Michigan entrepreneur and the grandson of Mexican immigrants, capitalized a winning raffle ticket and the proceeds of a new 1979 Cadillac to launch his first company in 1979. Today, the Ideal Group, a family-owned company, has evolved into eight nationally recognized companies with annual revenues approaching $350 million, employing approximately 550 people. Over the years, family members Loren (brother), Linzie (daughter), and Jesse (son) joined the Ideal Leadership team as owners.
Based on the Venegas family core values, Ideal companies continually meet and exceed customer needs in construction, facilities management, manufacturing, indirect material management and surplus sales. Acknowledging Ideal’s high standards in safety, quality, performance and community engagement, General Motors awarded Ideal 13 coveted GM Global Supplier of the Year Awards.
Known for their philanthropic work in Southwest Detroit, Ideal Group and Frank Venegas focus their efforts on four fundamental pillars: Education, Environmental, Community Sustainability, and Youth Programs. The government of Mexico recognized Frank Venegas with its Ohtli Award, its highest award to a foreign citizen, a tribute to Ideal’s corporate advocacy, mentoring and philanthropic contributions to community schools and organizations that provide pathways to educational and job opportunities illustrating the Venegas family value, “Take care of your community and your community will take care of you.”