Canton co. awarded SBA Business of the Year

Leslie Carrio, Fred Morgan, and Laura Martin at DePaoli’s 125th anniversary celebration

DePaoli Mosaic Company, a leading Terrazzo contractor headquartered on Springdale Avenue in Canton, has been named the winner of the 2019 Jeffrey Butland Family Owned Small Business of the Year Award, given by the U.S. Small Business Administration’s Massachusetts District in celebration of National Small Business Week.

Founded in the late 19th century as the DePaoli Mosaic Association and incorporated in 1919, DePaoli Mosaic is led by the third generation of the Morgan family. Following in her father and grandfather’s footsteps, Leslie Carrio became majority owner of the business in 2009. In 2010, Carrio pursued certification from the Massachusetts Office of Supplier Diversity and was designated WBE/DBE.

“The Jeffrey Butland Award highlights a special family business passed down from one generation to another,” said SBA Massachusetts District Director Robert Nelson. “The long-term sustainability achieved by the Morgan family is especially impressive with such a storied company. Congratulations to the Morgan family on all of the success!”

“I am honored to accept this award on behalf of the many families, not just my own, whose hard work and longevity in the business make DePaoli Mosaic Company a true family business,” said Carrio. “I am grateful to the SBA, both for this kind acknowledgement, and for making it possible to grow our business in an expanded office and warehouse.”

DePaoli Mosaic Company helped build Boston, installing terrazzo flooring at such notable institutions as TD Garden, Logan Airport, Fenway Park and Symphony Hall. From 1927 to 2006, the company was located on Magazine Street in Roxbury. After a shorter stint in Randolph, DePaoli found a new home in 2015 and utilized an SBA 504 loan to purchase a new office and warehouse space in Canton.

Since 2009 with Carrio as president, DePaoli has enjoyed solid growth in sales and retained earnings. Over the past nine years, sales have increased over 500 percent while the company’s net worth has tripled. Sales for the most recent fiscal year topped $9 million, with over 250,000 square feet of terrazzo installed throughout New England.

Carrio contributes to her community and supports important causes in several ways, including Andover Coalition for Education, 100 Women Who Care, and pediatric cancer patients. She enjoys helping her local community, staying involved in her children’s schools, church, and opportunities to volunteer and donate to local fundraisers.

Carrio will be honored at the annual SCORE Boston / SBA awards luncheon along with other 2019 Massachusetts Small Business Week winners at Assumption College on Wednesday, May 8.

DePaoli works with institutional and commercial clientele, including mass-transit facilities, colleges and universities, public and private schools, and hospitals.

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Posted by Canton Citizen on May 3 2019. Filed under Business. Both comments and pings are currently closed.