Headline: Juneau One of Georgia's Fastest Growing Companies

Juneau One of Georgia's Fastest Growing Companies
Posted: 6/20/2010

Juneau Construction Company is proud to be included on Georgia Trend magazine's list of 40 Fastest Growing Companies, for the second consecutive year. Even in a major recession, there are companies that are not only surviving, but are thriving. Juneau has earned the right to count itself among other industry leaders who are cutting their way through the brush of this battered economy.

Forty of those successful companies, which are Georgia’s fastest growing middle-market firms, were honored in June at a dinner celebrating Georgia Trend magazine's annual special section called "Georgia’s Mid-Market Fast 40."

The section is a joint venture between Georgia Trend and the southeast regional CPA firm of Cherry, Bekaert & Holland LLP (CB&H). To be considered, companies had to be headquartered in Georgia and have net sales ranging from $20 million to $500 million. The companies selected had to meet strict eligibility criteria and have demonstrated three years of sustained revenue and employment growth.

The companies are divided into two categories. The large mid-market category represents companies with sales of $60 million and up and the small mid-market category has companies with sales under $60 million. Juneau was ranked 12th among all large mid-market firms, and was one of only two general contractors overall.

“In selecting the top companies, we looked at a weighted 3-year growth trend,” says Kip Plowman, partner in charge of CB&H’s Atlanta office. “Companies were rated based on a weighted growth rate; 75 percent toward revenue growth and 25 percent toward employee growth.”

“In researching all of the companies experiencing positive growth, we found some common trends,” Plowman says. “The top companies were those with strong balance sheets that kept their focus on their core strengths. These companies demonstrate that a weak economy often allows strong companies to get stronger.”

Also, Plowman says, “The majority of fast 40 companies stuck with what they knew. In other words, they wanted growth that would create depth instead of breadth. These companies kept their focus on basics and what they do best and it paid off with strong core growth. Several companies also attributed growth to key hires, getting talent that might not have been available in better economic times.”

The survey also showed that the top companies focused on strong client/customer and supplier relationships.

"We are thrilled to have been recognized by Georgia Trend and Cherry, Bekaert & Holland as one of the 40 fastest growing companies in the state," Nancy Juneau, CEO, said. "Our growth is directly attributed to our people. They have made us what we are today. And it is our shared dedication to excellence that will sustain us in the future."

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