Fast 50 2017: Recognizing South Florida companies
MIAMI, FL (August 18, 2017)
Congratulations to all the companies that made our Fastest-Growing 50 Companies lists.
The companies recognized showed sustained revenue growth from 2014 to 2016, and are ranked by percent growth of revenue in that time span. They are ranked in two lists: 25 companies with over $25 million in 2016 revenue and 25 with under $25 million in 2016 revenue.
The list featuring companies with over $25 million in revenue boasted one company that actually grew to over $1 billion. This group was once again led by construction or construction-related businesses, which had eight representatives, followed by technology companies with four and staffing agencies with three. Last year, this List featured 11 companies from the construction industry. Hayes Locums LLC is the youngest company on the List, founded in 2012, while City National Bank is the oldest (1946), but it’s still growing.
On the list that includes companies with under $25 million in revenue, the technology sector placed eight companies. Alturna-Tech led this group – but not only this group. The company topped the list of 50 companies, due to its impressive growth percentage. Founded in 2013 and the newest of those on both lists, the IT solutions provider appears to be rocketing to stardom.
Kabat, Schertzer, De La Torre, Taraboulos & Co., an accounting firm based in Miami, has been servicing clients since 1976 and has been around longer than any of the other companies listed on the under $25 million list. Aside from the tech companies, this list shows some diversity in that we have engineering companies, accounting firms and general contractors mixed in with specialty food importers, a landscaping company and a gourmet spice producer/processor.
This illustrates that our South Florida business community is as diverse as it is robust. The South Florida Fast 50 companies were feted at an August 17 awards ceremony at Miami’s Jungle Island. The event was sponsored by BankUnited, Comcast Business and Daskal Bolton. Associate sponsors were the Greater Miami Chamber of Commerce and Oasis Outsourcing.
Fastest-growing companies: Revenue over $25M
#4: The Revenue Optimization Companies
At a time when many are proclaiming the death of traditional retail stores, Brett Beveridge’s company sees it as an opportunity for growth.
Beveridge is the CEO of Revenue Optimization Companies, a retail services company that advises retailers on how to lower costs and increase revenues. It has four divisions, each focused on a different retail solution.
Revenues for the company increased 174 percent between 2014 and 2016, and totaled $62.88 million in 2016. The company currently has more than 2,000 full-time employees, Beveridge said. One segment of the Coral Gables-based company places T-ROC sales teams inside existing retail stores, such as Walmart, to help sell technology products, such as mobile phones and home security. Another area of focus is gathering and analyzing metrics for its clients on consumers through mystery shopping, customer surveys and compliance audits.
Beveridge, who previously founded specialty wireless retailer Let’s Talk Wireless & Cellular, said he noticed from past experience that big box-retailers oftentimes were not adept at selling electronic or high-tech products and services. His new company helps solve that challenge by focusing on individual customers’ needs and truly understanding the technology behind the product, he said. Beveridge said that he sees continued growth in the technology side of retail. “There are a lot of retailers that are struggling and our companies are set to drive revenues and decrease costs,” Beveridge said.