ACG@WORK
Fast 40 Awards Showcase Atlanta’s Resilience Ascendant tech sector and business diversity helped the region weather COVID-19 By Sue Ter Maat
E
ven in the middle of a global pandemic, Atlanta’s middlemarket companies continue to grow in an eclectic ecosystem dominated by the technology sector. Those trends toward middle-market diversity and growing tech businesses are mirrored in the Georgia Fast 40, an annual award given out by the Atlanta National Chapter of the Association for Corporate Growth. The Georgia Fast 40 recognizes the fastest-growing for-profit companies that are headquartered in Georgia. These companies created more than
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6,600 new jobs and generated $2.4 billion of revenue growth over the last three years. “The companies being honored this year demonstrate the strength and significance of the middle-market sector in Georgia,” says Melanie Brandt, CEO of the Association for Corporate Growth’s South Region and ACG Atlanta president and CEO. To be eligible, the Fast 40 companies submitted three years of verifiable revenue and employment growth. The information was validated by national accounting firm Cherry Bekaert, which has an office in Atlanta. An ACG selection committee
reviewed the applications and interviewed company leaders. The companies are divided into two groups based on annual revenue. The lower tier generated between $15 million and $60 million, while the upper tier generated revenue that was more than $60 million up to $500 million. ACG Atlanta also added a third category this year, the higher middle-market tier, which recognizes fast-growing companies that generated between $500 million and $1 billion. The highest-ranked upper middlemarket companies in the top three spots were Parallel, a cannabis company, followed by Bitcoin Depot,
middlemarketgrowth.org
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6/22/21 11:57 AM
