Avondale Ranked as One of the Fastest Growing Private Companies Two Years in a Row
CHICAGO, Aug. 22, 2012 (GLOBE NEWSWIRE) -- Avondale announced today that it has been ranked in Inc. magazine's 31st annual Inc. 500 | 5000 list, an exclusive ranking of the nation's fastest-growing private companies. Chicago-based Avondale is the second ranked Chicago strategic advisory firm and the ninth ranked Chicago business. Over the last three years, Avondale has achieved sales growth of 970.3 percent.
"We're very excited to be ranked in Inc.'s list of the top 500 fastest growing private companies for the second consecutive year," said Karl Stark, co-founder of Avondale. "It's an exciting time for the firm as our team continues to grow. We consider this honor a testament to our hard work and our continual focus on building value for our clients and partners."
Following last year's ranking announcing Avondale in the 2011 Inc. 500, Managing Directors Karl Stark and Bill Stewart have regularly been featured in an Inc. column, Herding Gazelles, where they share their perspective on growing and transforming business.
Avondale is a strategic advisory firm that partners with management teams and investors through consulting, M&A, and private equity investments. Founded in 2005 by Karl Stark and Bill Stewart, the company brings a value-based, multi-disciplinary approach to advising clients and partners focused on maximizing the value of their businesses.
About 2012 Inc. 500
The Inc. 500 list is produced by Inc. magazine and features the 500 fastest growing businesses in America. In order to qualify, companies must have been founded and generating revenue by March 31, 2008 and therefore able to show four calendar years of sales. Additionally, they had to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2011.
If you would like more information about this topic, or to schedule a discussion with co-founders Karl Stark and Bill Stewart, please email Victoria Frizone at firstname.lastname@example.org