I couldn’t be more ecstatic to be included once again on this prestigious list. Thanks to the work ethic and dedication of our employee-owners, we continue to grow and flourish as a company.
(PRWEB) August 21, 2012
Inc. magazine today ranked Acadian number 3,915 on its sixth annual Inc. 500|5000 list, an exclusive ranking of the nation’s fastest growing private companies. The list represents the most comprehensive look at the most important segment of the economy — America’s independent entrepreneurs.
“I couldn’t be more ecstatic to be included once again on this prestigious list,” said Richard Zuschlag, CEO and chairman of Acadian. “Thanks to the work ethic and dedication of our employee-owners, we continue to grow and flourish as a company. I am honored to be at the helm of such a great team, who make accomplishments like this possible."
In 1971, Zuschlag co-founded the company as an ambulance service committed to providing the highest level of emergency medical care and transportation possible. In the past decade, the company has expanded to include a diverse suite of services in health, safety, and transportation. Acadian’s six divisions are Acadian Ambulance Service, Acadian Monitoring Services, Air Med, Executive Aircraft Charter Service, National EMS Academy and Safety Management Systems.
Acadian has made the Inc. 500|5000 list every year since 2007. In 2006, Zuschlag was awarded Honorable Mention for Inc.’s Entrepreneur of the Year Award, while Acadian’s employees received the first annual Bernard A. Goldhirsch Courage Award for their response during Hurricane Katrina. The company also holds the coveted Inc. Magazine/MCI National Technology Leadership Award, given annually for outstanding use of technology in providing customer service.
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. During this measurement period, Acadian’s revenue growth rate was 39%, which is particularly impressive given the almost stagnant national economy during these years. David Kelly, Acadian’s chief financial officer, attributes the rapid growth to the fact that Acadian is majority owned by its employees through an employee stock ownership plan, or ESOP.
According to Kelly, “Numerous national studies have repeatedly shown that ESOP companies have higher than average revenue and employment growth rates. However, we didn’t need a national study to tell us that; we observe it every day through the commitment, motivation, and hard work of our employee-owners.”
The companies on this year’s list report having created over 400,000 jobs in the past three years, with the aggregate revenue among them reaching $299 billion. Inc. Editor Eric Schurenberg says, "Now, more than ever, we depend on Inc. 500|5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is.”
Complete results of the Inc. 5000, including company profiles and an interactive database for sorting by industry, region, and other criteria, can be found at http://www.inc.com/5000.