Pinnacle One of 2006's Fastest Growing Staffing Firms
10/3/2006 12:00:00 AM
Los Altos, CA /PRNewswire/ -- Staffing Industry Analysts, Inc., the world's premier staffing services analyst firm, has announced this year's list of the staffing industry's fastest growing companies. The "25% Club" list comprises a group of privately held staffing companies that grew by at least 25% between 2001 and 2005, as surveyed by Staffing Industry Analysts, Inc. The full list of companies was published in the September 29 issue of Staffing Industry Report.
The top ten companies on this year's Staffing Industry Analysts, Inc.'s "25% Club" are:
1 First Team Staffing Group, Inc. (196.5% growth)
2 Insight Global, Inc. (173.5% growth)
3 Platinum Select, LP (138.8% growth)
4 Pinnacle Technical Resources, Inc. (109.4% growth)
5 Hire Dynamics LLC (69.1% growth)
6 Paramount Staffing (66.9% growth)
7 Addison Professional Financial Search, LLC (62.2% growth)
8 Supplemental Health Care Services Inc. (60.8% growth)
9 Resource Options, Inc. (60.0% growth)
10 ITAC Solutions, LLC (58.5% growth)
"The staffing industry is a bellwether for the economy as a whole," commented Barry Asin, executive vice president and chief analyst, Staffing Industry Analysts, Inc. "We asked companies to submit revenue data starting in 2001 - when, as one executive told us, 'the phones stopped ringing' – to the end of 2005 - by most measures a great year for the industry. Interestingly, three of the companies in the top 10 of this year's list were founded in 2001: Platinum Select, Insight Global and FirstTeam Staffing. The outstanding growth of these firms is a sign that the industry and the overall job market are alive and kicking."
Ten of the 32 companies in this year’s "25% Club" also made the 2005 list. The companies averaged 61.4% growth over the years 2001 through 2005.Median growth was 42.1%. To be eligible for inclusion in the "25% Club," a company must be privately held, have had sales of at least $1 million in
2001 and be willing to have revenue numbers published and verified. To qualify for the final list, companies had to average at least 25% annual growth, adjusted for acquisitions, for the period between 2001 and 2005. The ranking is based on an average of the company's percentage of revenue increase from 2001 through 2005.
The companies on the list represent a cross-section of the industry, encompassing various kinds of professional and commercial companies, including healthcare, information technology and legal. Each of the top 10 companies on the list is profiled in the latest issue of Staffing Industry Report.
Staffing Industry Analysts, Inc. is the leading provider of business intelligence, market data, news and analysis to staffing industry executives and employers who use contingent/temporary staff. The company delivers independent and objective information that focuses on the staffing industry - temporary help, permanent placement, contingency/retained search, contract project placement, professional employer organizations (PEOs) and outplacement. The company, which was founded in 1989, is privately held and located in Los Altos, CA. For more information, visit