Originally Published on Crainscleveland.com
Crain’s Cleveland Business held its inaugural Fast 50 event held Wednesday night, Nov. 5, at the Western Reserve Historical Society.
Crain’s Cleveland Business recognized some of the region’s fastest-growing companies during its inaugural Fast 50 event held Wednesday night, Nov. 5, at the Western Reserve Historical Society.
Numbers crunched by accounting partner Apple Growth Partners were used to identify businesses achieving the most substantial margins of revenue growth between 2009 and 2013. Companies were required to be at least 5 years old and have accrued a minimum of $5 million in revenue at the end of 2013.
Crain’s publisher John Campanelli said the successes of the businesses honored Wednesday night “prove there’s a transformation going on in Cleveland.”
“Like much of the Midwest, Northeast Ohio is steadily recovering from the downturn of the last decade,” said Sean Richardson, president and CEO of the North Coast region for FirstMerit Bank, title sponsor for this year’s Fast 50 program. “The signs of recovery and growth are unmistakably here.”
The Crain’s Fast 50 Top 10 and their five-year revenue growth rates are:
No. 1: Alego Health — 1,072%
No. 2: Stratos Wealth Partners — 941%
No. 3: Bravo Wellness — 652%
No. 4: COTSWORKS LLC — 506%
No. 5: InterGroup International Ltd. — 447%
No. 6: EVERSTAFF International — 379%
No. 7: ProSource Solutions LLC — 361%
No. 8 Collection Auto Group — 344%
No. 9: Go2IT Group — 260%
No. 10: Alliance Solutions Group LLC — 234%
The full ranking of the Fast 50 will be released online Friday, Nov. 7, at www.crainscleveland.com.