local Magazine recognizes local companies
LAWRENCEVILLE - Four Gwinnett companies made the list of Tomorrow Inc. magazine's 500 fastest growing private firms. The magazine's 24th annual roll call of revenue-soaring companies included firms from numerous industries, including food and beverage juggernaut Moe's burrito chain of Atlanta. At No. 11 on the list, Moe's posted $126.2 million in revenue last year. Gwinnett companies on the list: No. 322, Consultants & Builders of Duluth, $23.2 million in revenue; No. 370, Ability Services Network of Duluth, $4.4 million in revenue; No. 409, Georgia Cabling & Electric of Norcross, $12.3 million in revenue; No. 470, MNdustries of Suwanee, $5.4 million in revenue.
Staffing firm receives national plum
SUWANEE - Hire Dynamics LLC was recently named one of the fastest-growing private staffing companies in America in the September issue of Staffing Industry Report. The Suwanee-based firm, founded in 2001, increased revenue from $9.5 million in 2003 to $17.3 million last year - an 82 percent jump. CEO Dan Campbell said 2005 revenue may exceed $30 million. Hire Dynamics is headquartered at 3479 Lawrenceville-Suwanee Road.
Real estate leader launches new development company
LAWRENCEVILLE - Gwinnett real estate veteran Marty Kennedy has formed a new development company. Kennedy, founder of well-known real estate firm Gwinnett Partners, is moving on to launch Capital Group LLC. Kennedy will be joined by his son Mark, partner Rick Martin and site development managing director David Branch. The new company will focus primarily on mixed-use developments in Atlanta and the Southeast.
national Refco files for bankruptcy
NEW YORK - It took just eight days for Refco Inc. to go from up-and-comer to down-and-out, with a midnight bankruptcy announcement capping off the commodities broker's stunning collapse. A consortium of private buyout firms, led by J.C. Flowers & Co. LLP, tentatively agreed late Monday to purchase Refco's commodities trading subsidiary for $768 million, salvaging one of the few solvent divisions in the company. Refco and 23 of its subsidiaries then filed for Chapter 11 protection in U.S. Bankruptcy Court in Manhattan.
- From staff and wire reports