MountainWest Capital Network (MWCN) has announced that Sam and Kacie Malouf have been named Entrepreneurs of the Year for 2022. The Maloufs are co-founders of Malouf Cos., a vertically integrated business with operations in consumer products, technology, retail, logistics and venture.
Headquartered in Cache Valley, Malouf Cos. is a significant driver of economic growth in Northern Utah, employing over 1,600 people across a network of 55 brands and businesses. Companies in the Malouf family of brands include Malouf Home, Dr. Oz Good Life, Downeast, Impact Suite and Tamarak Capital.
This year marks 34 years that MWCN has recognized Utah entrepreneurs who build industry-leading companies, inspire others to pursue their own entrepreneurial visions and give back to the community.
In 2016, the Maloufs founded the Malouf Foundation to fight against child sexual exploitation, specifically sex trafficking and online abuse. The foundation recently announced a partnership with the Elizabeth Smart Foundation to further that goal. Revenue generated by the Malouf network of brands and businesses helps to fuel the efforts of this foundation. In addition, Malouf Cos. is Utah’s largest Certified B Corporation, dedicating its business success to benefit social and environmental performance.
“The Maloufs are an ideal choice for our Entrepreneur of the Year award, as they embody everything we look for in candidates,” MWCN’s Entrepreneur of the Year Chair Jake Kastan said. “Alongside the outstanding success and growth of their brands, they embrace giving back to the community and seeding entrepreneurship in others. Their commitment to the Malouf Foundation goes above and beyond what we typically see among corporate philanthropy.”
In 2003, the Maloufs founded the small business that would grow into Malouf Cos., now operating in three corporate offices and seven distribution centers in six states. Kacie, a native Utahn, serves as the board chair of the Malouf Foundation. Sam is the CEO of Malouf Cos. and president of the Malouf Foundation.
“The secret to our success isn’t really a secret. It’s our amazing people. This award reflects the hard work and dedication of all of our teams across the country and at our headquarters in Logan,” said Sam Malouf. “Since the early days, we’ve purposefully invested in the well-being of our employees. When people like coming to work and connect with company values and the work we do through the foundation, Kacie and I know we’re doing things right.”
The MWCN Entrepreneur of the Year luncheon honoring Sam and Kacie Malouf will be held on Feb. 15 in the Grand Ballroom of the Little America Hotel. Speakers this year include Elizabeth Smart on behalf of the Malouf Foundation and others.
Former winners of the MWCN Entrepreneur of the Year include Hanko Kiessner, Dr. Steve Neeleman, Fred Lampropoulos, Ryan Smith, Jeremy Andrus, Aaron Skonnard, Peter and Nicole Mouskondis, Tom Dickson, Todd Pedersen and Josh James.