BOYNTON BEACH, Fla., July 16, 2015 /PRNewswire/ -- Source1 Purchasing, a leading national purchasing services organization for the lodging, leisure, restaurant and gaming industries, announces it was among the first round of 2015 Florida Companies to Watch finalists recently announced by GrowFL. The award honors 50 select second-stage companies from throughout the state for developing valuable products and services, creating quality jobs, enriching communities, and broadening new industries throughout Florida.
"As a company we're committed to providing our purchasing partners the very best solutions and customer service to help them drive operational efficiencies and grow their businesses," said Scott Hoffmire, President and CEO of Source1 Purchasing. "We're pleased that our success continues to have a positive impact on the growth of business in Florida as well, and we're proud to advance to the final round of selection as a company to watch."
More than 500 companies were nominated for this year's award. The finalists collectively represent $694 million in annual revenue and employ 3,280 full-time equivalent employees. The winners will be announced in late August, and the 2015 honorees will be celebrated at an awards ceremony November 5th at the Hard Rock Live at Universal Resort.
Among the success criteria that helped place Source1 as a finalist are managing a client portfolio of over $500 million in customer spending annually, with a 99.55% customer retention for the past five years, and a customer satisfaction rate of 98.5% for seven years.
"We applaud these first round finalists, all of which exhibit impressive strengths in entrepreneurial leadership, product innovation, social/community responsibility and competitive business practices," says Dr. Tom O'Neal, GrowFL Executive Director.
Founded in 1997, Source1 Purchasing is a purchasing services organization with $7 billion in purchasing power. Source1 specializes in providing cost management, savings, and operational efficiencies for lodging, leisure, restaurant and gaming industries, helping operators increase profits through purchasing. The award-winning Source1 team creates solutions that empower operators of all sizes to reduce costs, ensure consistent product quality, and achieve higher customer satisfaction. For more information visit www.source1purchasing.com or call (877) 717-5566.