Stewart-Peterson eyes sale of building
Business owner would like to stay as tenant

By Dave Rank - Daily News

July 18, 2014

WEST BEND - Scott Stewart wants to sell his downtown office building and stay put.

“That’s actually our number one option right now,” the president and chief executive officer for Stewart-Peterson Group Inc., said Thursday.

Stewart-Peterson provides commodity price management advice and services to its client companies.

Stewart-Peterson has offered its two-story headquarters, 137 S. Main St., since 2011. It has 9,000 square feet of space.

In 2011, Stewart said his growing company needed more space. Since then, company officials decided they would be content staying put for another few years, if someone wanted to buy the building and lease it back to them, Stewart said.

“It would give us a little more flexibility. I don’t want to be a landlord anymore,” he said.

Within the next five years, Stewart said he plans to move to a larger building, most likely in West Bend. “It depends on how fast we grow,” he said.

Stewart-Peterson employs 48 people, Stewart said, with 35 working out of the West Bend office.

“We’re pretty likely to stay in the city,” he said. With employees commuting from Fond du Lac, Germantown, Whitefish Bay and up to an hour away, Stewart, a Grafton resident, said, “If I move the business, that move more than likely will stay between Barton and Paradise Drive.”

The lack of parking for his staff is the primary reason Stewart feels his company likely will not stay downtown. “There’s no parking,” he said. “It’s really not available.”

Stewart-Peterson moved to 137 S. Main St. in 1995 when it remodeled a former furniture store into an office building.

Stewart, with a partner, founded Stewart-Peterson in 1985. Its first offices were in the Centrum Building downtown. The firm then moved to the Frisby House on South Main Street, now home to the West Bend Area Chamber of Commerce.

In recent years Stewart-Peterson has grown 15 percent to 30 percent, according to the company.

“We anticipate growth in the company,” Director of Support Services Carla Peterson said. “We’re always looking for an opportunity.”

“Our biggest goal is to keep growing the business and add employees,” Stewart said. “Business is good. The building is secondary to that.”




Volatility manager


Since 1985 West Bend-based Stewart-Peterson Group Inc. has offered commodity price management services for clients whose profit margins are affected by volatile market price fluctuations.

It works with businesses in production agriculture, the food industry and other commercial fields.

In addition to helping businesses vulnerable to agricultural commodity price swings, Stewart-Peterson also offers greater control over changes in areas such as interest rates, currencies, metals, fuel and energy costs.

Headquartered at 137 S. Main St., Stewart-Peterson has 48 employees, including in two satellite offices in Illinois.

The company is considered a national leader in agricultural commodity marketing.

Founder, President and CEO Scott Stewart is a past president of the National Introducing Brokers Association, a member of the National Futures Association (NFA), chairman of the NFA Introducing Broker Advisory Committee, a member of the NFA Hearing Committee, and has been a member of both the Chicago Mercantile Exchange and the Chicago Board of Trade Agriculture Advisory Committees.

He has testified on agricultural and futures issues before the Senate Agriculture Committee and the Commodity Futures Trading Commission.

— Source: Stewart-Peterson Group Inc. website, www.stewart-peterson.com