Purchasing Power Named a "Georgia FAST 40" Company

Recognized for Revenue and Employment Growth for the Third Consecutive Year

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Jun 08, 2012, 08:20 ET

ATLANTA, June 8, 2012 /PRNewswire/ -- Purchasing Power, LLC was named a "Georgia FAST 40" company for the third consecutive year for its continued revenue and employee growth. The company was recognized as one of Georgia's Fastest Growing Companies in 2012 on the list of large-middle market companies at an awards gala in Atlanta on June 5.

As an employer-sponsored benefit, Purchasing Power allows employees of companies, and members of associations and organizations, to purchase name-brand products with manageable monthly payments through the convenience of payroll deduction. In 2011, Purchasing Power achieved a 27 percent year-over-year revenue growth. Purchasing Power's 2011 success came on the heels of a record holiday selling period that saw an astounding 48 percent increase over the same period in 2010. Additionally, the company increased its workforce in 2011 by 18 percent, and is already on track to continue this growth in 2012.

"To be ranked among the top large-middle market companies in Georgia for the third year in a row is an honor, and testament to the service Purchasing Power provides our clients and customers," said Richard Carrano, President and CEO of Purchasing Power. "Our sustained growth proves that hard-working employees value Purchasing Power as a responsible way to buy the products they need for themselves and their families."

Presented by the Association for Corporate Growth (ACG), Atlanta, the annual"Georgia FAST 40" list ranks the top 20 small-middle market companies and the top 20 large-middle market companies in the state. To qualify as a finalist in the large-middle market category in 2012, companies must be headquartered in Georgia, have net sales between $60 and $500 million and have achieved approximately 50 percent growth in revenue and employment from 2009 to 2011.

Recipients of the 2012 "Georgia FAST 40" award were selected from a field of 90 applications from across the state. Rankings were based on a weighted score of three-year average growth, with revenue growth accounting for 75 percent of the score and employee growth accounting for 25 percent. All rankings are published in the July issue of Georgia Trend magazine.

About Purchasing Power, LLC

Headquartered in Atlanta, GA, Purchasing Power, LLC was founded in 2001 and offers customers an alternative to purchase a variety of name brand products and pay for them over 12 months through payroll deduction. Purchasing Power differentiates itself from traditional e-commerce retailers through its unique payment plan value proposition, strategic benefit broker partnerships, internal marketing expertise and superior customer service. Purchasing Power is a Rockbridge Growth Equity, LLC Company. The company has serviced more than 725,000 orders for employees of companies, including Fortune 500 and government agencies, member organizations and associations. For more information, visit www.PurchasingPower.com.

About Rockbridge Growth Equity, LLC:

Rockbridge Growth Equity, LLC is a private equity firm that invests in financial and business services, consumer-direct marketing, and sports, media & entertainment industries. Based in Detroit, Michigan, Rockbridge owns equity stakes in Connect America, My Insurance Expert, Account Now, Protect America, Northcentral University, One on One Marketing and One Reverse Mortgage, and is affiliated with other leading businesses in its target sectors including Quicken Loans, the Cleveland Cavaliers, Title Source, Fathead, Xenith and ePrize. For more information on Rockbridge Growth Equity, visit www.rbequity.com.

Media Contact:
Diana Mulhall
Purchasing Power
404-609-5030
[email protected]

SOURCE Purchasing Power, LLC