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Quest Diagnostics

According to Secaucus-based Quest Diagnostics, the company serves 1 in 3 adult Americans and half of U.S. physicians and hospitals each year. In October, the diagnostics and laboratory testing provider reported third quarter revenues of $2.82 billion, up 13.1% from 2024. The good news prompted the company to raise its full year 2025 guidance, according to chairman, CEO and President Jim Davis.

“We delivered another quarter of robust top- and bottom-line growth, underscoring strong demand for our clinical solutions and diligent execution of our strategy,” Davis commented along with Quest Diagnostics’ Q3 results. “Revenues grew 13.1%, including 6.8% organic growth, driven by broad-based adoption of our clinical innovations, contributions from acquisitions, and growth in our consumer channel as we build our presence as the preferred lab engine inside top health and wellness brands.”

The company also announced an agreement with Corewell Health this year. And Quest is deepening its local relationships. It recently opened its flagship lab in Clifton to help educate students at Hackensack Meridian Health’s School of Medicine.

Samsung Electronics America Inc.

Samsung Electronics America Inc. just recommitted to New Jersey in a big way.  This fall, the electronics giant officially celebrated the opening of its new, state-of-the-art offices in Englewood Cliffs. The U.S. subsidiary of South Korea-based Samsung Electronics, the company says 76% of U.S. households own at least one of its products. It also boasts No. 1 rankings in global market share for TVs, smartphones, gaming monitors and memory.

Beyond operating across mobile communications, consumer electronics, home appliances and business solutions, Samsung is also a major employer in the U.S. According to the company, its U.S. facilities generate $40 billion and create more than 175,000 jobs. Over 45 years here, the U.S. team has expanded to more than 20,000 members.

“It is our people and the places where we do business, they make our success possible,” Samsung Electronics NA President and CEO Yoonie Joung said at the business’s ribbon-cutting ceremony in Englewood Cliffs.

Schindler Elevators

Morristown-based Schindler Elevator Corp. carried more than 2 billion people “yesterday” via its elevators, escalators and moving walks — just like it does every day, according to the company. Founded in 1874 in Lucerne, Switzerland, by precision engineer Robert Schindler, Schindler is a closely held company and is listed on the Swiss stock exchange.

The U.S. operating entity of Switzerland-based Schindler Group is a leading global manufacturer when it comes to moving people. Additionally, it installs, maintains and modernizes mobility solutions. In North America, Schindler employs more than 6,500 people across over 160 locations.

It’s also innovating how people will move in the future. A sampling: Schindler PORT is a transit management system shaping sustainable development in cities; digital services work to keep passengers entertained and informed with family of Internet of Things solutions backed by cloud connectivity; and Schindler CLIMB Lift is a certified self-climbing system designed to expand within a building during construction.

Selective Insurance

Selective Insurance Group Inc. plans to transition its headquarters to Short Hills beginning next year.  The move from Branchville – where it’s resided since 1926 – will bring the company to a more than 122,000-square-foot space. In announcing the change, Selective Insurance said the new office “offers convenient access from across the Northeast Corridor states and a modern, collaborative workspace designed to support flexible workstyle and employee well-being.”

Selective is a holding company for 10 property and casualty insurance companies that boast an “A+” rating from AM Best. The insurance companies offer standard insurance for commercial and personal risks and specialty insurance for commercial risks through independent agents. It breaks down the business mix as: 81% Standard Commercial Lines in 35 states; 9% Standard Personal Lines in 15 states; and 10% Excess & Surplus Lines in 50 states. Selective is also the fourth largest “Write Your Own” insurance carrier in the National Flood Insurance Program

With a workforce of more than 2,000, the company ranked 52nd on Forbes’ list of the New Jersey’s best employers for 2025.

Solstice Advanced Materials

Solstice Advanced Materials debuted in October after completing its spinoff from Honeywell. Now, the sustainability focused, specialty chemicals and material pure play has its base in Morris Plains.

Solstice serves sectors including HVAC/R, semiconductor manufacturing, data center thermal management, nuclear energy, defense and life sciences. It boasts a customer count that tops 3,000 across 120 countries and territories. As part of Honeywell, the unit generated net sales of $3.8 billion. The new company launched with nearly 4,000 employees, 24 manufacturing sites, and four research & development centers.

“Today marks the beginning of an exciting new chapter for Solstice,” said David Sewell, president and CEO of Solstice Advanced Materials, when it debuted. “Our independence positions us to capitalize on powerful secular trends shaping our industry – from regulatory-driven transitions in cooling and building solutions to the rapid proliferation of AI and advanced computing.”

Solstice recently broke ground on a $200 million facility to expand and modernize its electronic materials operations in Spokane Valley, Wash. The company says it expects the work to double capacity, reduce lead times by 25%, enable circular production for semiconductor materials and strengthen its U.S. manufacturing footprint.

SOSV

Princeton-based SOSV is a global multi-stage venture capital firm guided by a mission it describes as funding visionary deep tech founders that are intent on making a profound impact on human and planetary health. Managing General Partner Sean O’Sullivan founded SOSV in 1995. As of April 2024, it had $1.5 billion in assets under management. Its most recent core fund is the $306 million SOSV V. Closed in April 2024, SOSV V marked the firm’s largest fund to date.

SOSV says it covers nearly 1,000 startups operating in 59 countries, with programs including the hard tech-focused HAX in Newark. Opened in 2024, that 35,000-square-foot flagship office launched in partnership with the New Jersey Economic Development Authority.

In June, HAX announced another collaboration with NJEDA, as well as Princeton University. With its base set for the Princeton area, the HAX Plasma Forge will offer a space to commercialize plasma technology into real-world products. Standing on combined backing of $49 million, SOSV highlighted examples of developments that could come out of the space, such as carbon-free fusion energy, next-generation AI chips, rocket propulsion and more.

South Jersey Industries

Folsom-headquartered South Jersey Industries is a leading energy infrastructure holding company dedicated to providing safe, reliable, and affordable natural gas to more than 700,000 residential, commercial, and industrial customers through its utility subsidiaries, South Jersey Gas and Elizabethtown Gas.

Beyond traditional utility services, SJI advances sustainable energy through SJI Renewable Energy Ventures, developing solar, fuel cell, and Renewable Natural Gas projects sourced from dairy manure, landfill gas and organic waste.

In 2025, SJI celebrated several key milestones, including the ribbon-cutting of its Atlantic County Utilities Authority RNG project in partnership with OPAL Fuels, the first initiative to deliver RNG directly into South Jersey Gas pipelines. Other highlights include energy efficiency upgrades at the historic Stockton Inn, advanced gas infrastructure improvements using robotic CISBOT technology, and recognition of South Jersey Gas and Elizabethtown Gas as 2025 Most Trusted Brands by Escalent.

Spencer Spirit Holdings

As the parent company of Spirit Halloween, Egg Harbor Township-based Spencer Spirit Holdings oversees the seasonal launch of more than 1,500 pop-up stores nationwide filled with costumes, props, accessories and decorations. It also continues to operate novelty retailer Spencer’s at more than 630 stores across North America.  And, after debuting a Christmas-themed retail experience in 2024, the company quadrupled its footprint of Spirit Christmas sites with 30 spots this year.

Giving back remains important to Spencer Spirit – especially in its home state. The company recently made another donation to the Stockton University Foundation, bringing the total amount contributed to the school over the past four years to $1 million. Spencer Spirit CEO Steven Silverstein noted that about 18% of employees in the company’s corporate office are Stockton alumni.

And, as part of its long-running Spirit of Children fundraising campaign, the company once again hosted Halloween parties for dozens of pediatric hospitals across the U.S., including Children’s Hospital of New Jersey at Newark Beth Israel Medical Center, Bristol-Myers Squibb Children’s Hospital, Virtua Voorhees Hospital and K. Hovnanian Children’s Hospital.

SpotItEarly

An Englewood-based biotech, SpotitEarly is focused on using trained canines and artificial intelligence as an early cancer detection tool. Through its breath-based, at-home test, SpotitEarly aims to improve access to screening, enhance early detection rates and boost survival outcomes for multiple types of cancer. According to the company, its kit relies on the olfactory abilities of trained dogs combined with a proprietary AI platform to detect cancer odor signatures in a patient’s volatile organic compounds.

After raising $20.3 million to strengthen its technology and scale, the company entered the U.S. market in May. Pending regulatory approval, SpotitEarly plans to make its at-home test commercially available next year for the four most common types of cancer: breast, lung, colorectal and prostate. Ahead of Breast Cancer Awareness Month in October, the company announced a research collaboration with Hackensack Meridian John Theurer Cancer Center to explore how this promising new method could significantly impact how breast cancer is screened.

SpotitEarly CEO Shlomi Madar noted that his company shares the same mission as the state’s largest and most integrated network – transforming the health care system “from a reactive to a proactive one” and that the partnership “marks a pivotal first step in making our technology available in the U.S.”

Subaru of America Inc.

A longstanding New Jersey-based business, Subaru of America has called the state home since 1969. Headquartered adjacent to The Campbell’s Co. headquarters in Camden, SOA markets and distributes Subaru vehicles, parts and accessories through a network of about 640 retailers across the U.S.

The indirect wholly owned subsidiary of Subaru Corp. of Japan, SOA recently ranked second among mass market brands in the 2025 J.D. Power U.S. Sales Satisfaction Index (SSI) Study, underscoring its commitment to value and exceptional customer experience. And, for the second year in a row, Subaru was named the No. 1 automotive brand for social impact on Forbes’ “Best Brands for Social Impact” list.

To advance its “More Than a Car Company” mission, SOA has several philanthropic initiatives, including its flagship Subaru Share the Love campaign. Since 2008, the initiative has raised $340 million for national and local charities selected by retailers. Subaru is aiming for over $30 million in donations between November and January.

SOA Senior Vice President of Marketing Alan Bethke said, “The act of giving back is woven into Subaru’s DNA and the daily mission of our incredible charity partners.”

Suburban Propane

Suburban Propane, founded in 1928 and headquartered in Whippany, is a leading nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil, and related energy products and services. Serving approximately 1 million residential, commercial, industrial and agricultural customers across 42 states through 700 locations, the company combines a strong New Jersey legacy with a focus on innovation and sustainability.

Michael Stivala has led Suburban Propane as president and CEO since 2014. Under his leadership, the company has expanded its renewable energy platform, pursued strategic acquisitions and launched high-profile partnerships, including a multiyear collaboration with NASCAR.

In recognition of his leadership, Stivala was named a 2025 NJBIZ Executive Excellence Award honoree.

“Fiscal 2025 was an outstanding year for Suburban Propane — delivering solid operating results, making continued progress on the execution of our long-term strategic initiatives and improving our financial metrics,” said Stivala last month.

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