JACKSONVILLE, Fla. (Oct. 01, 2015) – Suddath® placed third in the Top 10 Fastest-Growing Private Companies list based on revenue volume growth from 2012 to 2014. Through a continued focus on global expansion, strategic acquisitions and leadership enhancement, Suddath experienced a revenue gain of $62.6 million from 2012-2014, representing an 18.1% average revenue change.
“Suddath is proud of our three-year growth path and excited to be included on this prestigious list. Considering our size and longevity, it can be difficult to achieve this type of volume along with revenue growth,” explains Mike Brannigan, president and chief executive officer of The Suddath Companies. “Since 2012, we have focused on strategic market growth, added key leadership positions and invested heavily in technology improvements. These initiatives have proven successful to support our overall growth strategy.”
Founded in 1919 and employing more than 700 people in the Jacksonville area, Suddath is the oldest and largest company on the list and one of two transportation companies represented. Sponsored by the Jacksonville Business Journal and known as the “BJ10”, the list is comprised of rankings based on financial information provided by each company and verified by Ennis, Pellum & Associates CPAs. Northeast Florida denotes Baker, Clay, Duval, Flagler, Nassau, Putnam and St. Johns counties.