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Empire News: Press Release
Empire Investment Holdings Ranked One of the Fastest Growing Private Companies in America
Miami, Florida, September 8, 2009 (Business Wire) - Empire Investment Holdings announced today that Inc. Magazine has named it as one of the fastest growing private companies in the United States. Inc. Magazine recently unveiled its exclusive list of America's fastest-growing private companies. With Empire's posted revenue growth of 95%, it earned the ranking of No. 64 in the South Florida metro area, which includes Dade, Broward and Palm Beach counties.
"Our firm is very proud of our success to date and honored to have been recognized by Inc. Magazine," said David F. Alfonso, Empire Investment Holdings chairman and chief executive officer. "The ranking acknowledges our achievements thus far and further solidifies the vision we have for Empire's continued growth."
Since its inception in 2004, Empire Investment Holdings has grown into a worldwide organization. Today, Empire's portfolio is comprised of 7 operating companies, serving over 10,000 customers worldwide, with an international footprint of 25 facilities encompassing over one million square feet of space and over 1,000 employees.
"The recognition by Inc. Magazine validates our investment model focused on acquiring non-core business units from the Fortune 1000, coupled with the deployment of our distinct operational transition model and intimate strategic support," said Alfonso. "Our team's ability to support our portfolio's growth, while unlocking significant value has yielded us very meaningful results."
The magazine, which ranked privately held corporations based on their revenue growth between 2005 and 2008, described the 2009 list of companies as "the most dynamic, fast-growth companies in the nation."
About Empire Investment Holdings
Empire Investment Holdings ("Empire") is a private investment firm focused exclusively on the acquisition and strategic management of non-core business units from the Fortune 1000. Empire adheres to a well defined and focused acquisition strategy that is driven by the firm's history in acquiring, operating and managing over 50 corporate divestitures across several industries. Empire's approach is specialized in addressing the complexities of acquiring non-core business units, as well as ensuring post close business continuity. Today, Empire’s portfolio is comprised of 7 operating companies, serving over 10,000 customers worldwide, with an international footprint of 25 facilities encompassing over one million square feet of space and over 1,000 employees.
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