Chicago, IL, Aug. 24, 2011 (GLOBE NEWSWIRE) -- Avondale announced today that it has been ranked number 95 on Inc. magazine’s 30th annual Inc. 500 list, an exclusive ranking of the nation's fastest growing private companies. Chicago-based Avondale Consulting, a provider of business advisory services, is the top ranked strategic advisory firm and the fourth ranked Chicago business. Over the prior three years, Avondale has achieved sales growth of 2,700 percent.
"We’re honored to be included in the Inc. 500 and to be named one of the fastest growing companies in America," said Karl Stark, a co-founder of Avondale. "Our success is a direct result of the trust instilled in us by our clients, investors, and partners. We have been fortunate to work with a talented group of value-oriented individuals, committed to growing the value of their businesses."
Avondale Consulting, LLC was formed in 2005 by Bill Stewart and Karl Stark following successful careers at other top-tier strategic advisory firms. Since then, the company has grown to more than 20 professionals with deep experience across multiple disciplines: from principal investing to senior executive leadership. The Avondale team focuses on value creating insights through granular strategic and financial analysis, advising investors and senior management teams across a broad array of topics, including:
· Value Growth Advisory
· Business Opportunity Assessment
· M&A Advisory
· Management Assisted Buyouts
About 2011 Inc. 500
The INC 500 list is produced by INC magazine and features the 500 fastest growing businesses in America. In order to qualify, companies must have been founded and generating revenue by the first week of 2007, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, for profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2010.
About Avondale
Avondale is an advisor to investors and senior management teams on strategic, financial and organizational issues. Founded in 2005 by Karl Stark and Bill Stewart, the company has grown to more than 20 professionals and brings a value-based, multi-disciplinary approach in advising clients on growing the value of their companies.