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Lillestol Family of Lillestol Research Receives Edward Shorma Excellence in Family Business Award Presented By Prairie Family Business Association

SIOUX FALLS, S.D. –  Prairie Family Business Association, an outreach center of the Beacom School of Business at the University of South Dakota, awarded the Edward Shorma Excellence in Family Business Award to the Lillestol Family of Lillestol Research in Fargo/Moorhead on Oct. 12. This award has been presented for 7 years to a local Fargo/Moorhead family business.

Lillestol Research was founded in 2004 by Michael and Mary Lillestol. They have grown the business from a start-up operation to now employing 25 people. Guided by five core values: “Excellence in all we do, transparent integrity, collaborative teamwork, a sincere attitude of care, and diligence toward the highest possible standards,” Lillestol Research strives to be the best in the industry.
“The Lillestol Family has made great strides in their future business plans over the last few years. They treat their employees like family and extend that warmth and service to their clients and customers. We are pleased to recognize the Lillestol Family with this well-deserved family business award and will continue to support them as they plan for the future of their business and family,” states Prairie Family Business Association executive director Stephanie Larscheid.
The Edward Shorma Excellence in Family Business Award was established in honor of Edward Shorma to acknowledge and celebrate the importance of family-owned businesses to the economy and the region. This award recognizes multi-generational family businesses with practices and policies that positively impact local business, as well as the neighboring community.
Prairie Family Business Association was founded in 1993 as a South Dakota family business initiative through the University of South Dakota Beacom School of Business with the mission of enhancing the long-term survival and success of its family business members.


USD's Beacom School of Business was established in 1927 and has been accredited by the Association to Advance Collegiate Schools of Business (AACSB) since 1949. The leading business school in the region, Beacom’s programs are consistently ranked among the top business schools in the nation by Princeton Review, U.S. News & World Report and others for its high-quality learning experience, student success, affordability, and high-caliber of faculty and students. Whether a student chooses face-to-face or online courses, Beacom’s programs emphasize real-world experience through professional organizations, quality internships and capstone projects.


Founded in 1862 and the first university in the Dakotas, the University of South Dakota is the only public liberal arts university in the state, with 202 undergraduate and 84 graduate programs in the College of Arts & Sciences, School of Education, Knudson School of Law, Sanford School of Medicine, School of Health Sciences, Beacom School of Business and College of Fine Arts. With an enrollment of nearly 10,000 students and more than 400 faculty, USD has a 16:1 student/faculty ratio, and it ranks among the best in academics and affordability. USD’s 18 athletic programs compete at the NCAA Division I level.


Hanna DeLange
USD News