Counting
Down the Top 10 Fastest Growing Privately Held Companies
#10 Sealord
Holdings, Inc. of Bala Cynwyd, PA. Founded in 1991 by its
CEO and Chairman, Kenneth Brier, and Executive Vice President,
Ted A Drauschak the company has a two year growth rate of
676% to nearly $16 million. Sealord Holdings is an insurance
and financial services holding company that provides surety
bonds primarily to small and medium sized contractors and
provides full service funds administration and construction
risk management companies to banks, real estate owners and
developers, general contractors, surety companies and government
agencies throughout the United States.
#9 SUNRx
of Cherry Hill, New Jersey. Founded in 2002 under the leadership
of Gerard Ferro, the company has a two year growth rate of
728%, increasing its revenues to nearly $25 million in 2005.
SUNRx provides prescription benefit administration services
to unions, self-insured employers, managed care organizations,
and individuals through its vast network of over 60,000 pharmacies,
strategically located mail order pharmacies and specialty
pharmacy partnerships.
#8 ClearPoint
Business Resources of Chalfont, Pennsylvania. Founded in 2001,
the company under the direction of its CEO, Michael Traina,
has grown to nearly $85 million in revenues in 2005 at an
incredible growth rate of 762%. Clearpoint is a workforce
management and business solutions company with 25 offices
nationally and more than 3000 field associates. Its clients
range from small local companies to numerous Fortune 1000
companies.
#7 SteelSalvor
of Narberth, Pennsylvania. SteelSalvor was founded in 2003.
Under the direction of its CEO, Scott Shapiro, the company
has had a two year growth rate of 794% and has nearly $1 million
in revenues in 2005. SteelSalvor is transforming the way companies
buy steel. It is the only web-based, steel industry-focused
auction and marketing solutions site. SteelSalvor provides
a safe and reliable site to buy steel at a fair price, helping
suppliers turn inventory into cash.
#6 Liberty
Benefits of Conshohocken, Pennsylvania. Led by their President,
Ronald Flaherty, Liberty Benefits has had a two year growth
rate of 800% bringing their revenues to close to a $1 million
in 2005. Liberty Benefits is a full service employee benefits
brokerage and consulting firm providing comprehensive employee
benefits packages to large and small businesses. These benefits
include health, dental, life and disability plans. Liberty
Benefits also provides comprehensive services including COBRA
Administration, Employee Benefit Statements, Human Resource
management System (HRIS), Flexible Spending Accounts (FSA's)
and Employee Benefit Web Portals.
#5 Health
Advocate, Inc of Plymouth Meeting, Pennsylvania. Under the
direction of its President and CEO, Michael Cardillo, the
company grew at an astounding rate of 832% to over $8 million
in revenues in 2005. Health Advocate is the nation’s
leading healthcare advocacy and assistance company, serves
more than six million Americans nationwide. Health Advocate
has a diverse list of more than 1,600 clients, nationwide,
ranging from national Fortune 500 companies to regional and
local health and hospital systems, colleges and universities,
law firms, manufacturers, retailers and other employers, unions,
third-party administrators and insurers.
#4 Alpine
Mechanical Serivces of New Britian, Pennsylvania. Under the
direction of Mark Barraclough, Alpine Mechanical has grown
at an 977% over the past two years to over $3.5 million in
2005 Revenues. Alpine Mechanical Services is a self-performing
HVAC service provider specializing in the Retail Industry
within Regional Malls and Shopping Centers in the Northeastern
United States. Alpine Mechanical’s commitment to using
technology is revolutionizing the HVAC industry by improving
response time, increasing customer communications and equipment
energy efficiency.
#3 Morphotek,
Inc. of Exton, Pennsylvania. Founded in 1999, Morphotek, under
the direction of its President and CEO, Dr. Nicholas Nicolaides,
has grown at rate of more than 1830% over the last two years
to revenues of close to $11.5 million. Morphotek is a biopharmaceutical
company developing therapeutic antibodies for the treatment
of cancer, inflammatory, and infectious diseases. The company
currently has 2 products in clinical development and is positioned
to file INDs for additional antibody products within its pipeline
over the next 24 months. The company has a strong IP position
with 8 issued patents, 16 licensed patents, and greater than
50 patents under active prosecution.
#2 Keystone
Property Funds, L.P. of Conshohocken, Pennsylvania. With William
Glazer as it President, Keystone Property Funds has grown
at a rate of 3229% to close to $6 million in revenues. Keystone
Property Funds was formed in 1991, raised two funds in 2003
and manages a portfolio with a market value of one-half billion
dollars. The fund manages have complete responsibility for
executing property acquisition, development, property management,
and asset management.
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#1 Neat
Receipts of Philadelphia. Under the direction of its Chairman
of the Board and Chief Executive Officer, Les Spero, Neat
Receipts has emerged from an idea in 2002 to $4.5 million
in revenues in 2005 – a two year growth rate of 4276.16%!
NeatReceipts technology helps people get organized like never
before. NeatReceipts can read receipts and business cards
place the data into leading applications such as Quicken,
QuickBooks, Excel, Outlook, Word, Money and more. The company’s
core offering, the NeatReceipts SCANALIZER, has been recognized
by dozens of the nation’s leading media outlets including:
USA Today, Martha Stewart, Today Show, The New York Times,
The Wall Street Journal, and most importantly, the Philadelphia
Business Journal.
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