Kraus-Anderson, which traces its history back to 1897, has grown with the city of Minneapolis. The firm has been privately owned and managed by the Engelsma family for more than 70 years. Industry legend Lloyd Engelsma bought the company in 1938; he tapped son Bruce to lead it when he retired in 1997. (His brother Dan is vice chairman.) The diversified firm is home to construction, development, realty, insurance and financing divisions. Bruce continues the family tradition of community service and is active on many local boards. Kraus is floating a plan for a new headquarters in downtown Minneapolis, a mixed-use concept that also calls for a hotel and apartments.