West Monroe Partners, a full-service business and technology consultancy, announced today that it has been named to Crain’s Fast Fifty, a list of the 50 fastest-growing companies in Chicago published annually by Crain’s Chicago Business. With a five-year growth rate of 274 percent, West Monroe ranked 42 on the list of 50 companies.
Founded in 2002, West Monroe Partners has grown revenue to more than $110 million by focusing on key industries and services. West Monroe partners with clients to reimagine, build, and operate their businesses, yielding a dramatic commercial impact on profitability and performance. Since opening its doors thirteen years ago, West Monroe has grown to more than 600 business consultants and deep technologists.
“It’s an honor to be named a Fast Fifty company for the sixth year,” said Kevin McCarty, CEO and President of West Monroe. “At our increased size, it is difficult to grow at the same pace purely through organic means. Our strategy to augment organic growth with selective acquisitions has paid off by scaling and extending our capabilities in key areas. We will look to do the same in the coming years.”
This is West Monroe Partners’ sixth time on the Crain’s Fast Fifty list over the past nine years. Additionally, it has been listed as a top company to work for nationally by Consulting Magazine and FORTUNE’s Great Place to Work; in Chicago the Chicago Tribune; in Seattle by Seattle Business Magazine and Puget Sound Business Journal; and in Columbus by Columbus Business First.
Crain’s annual roundup of the fastest-growing Chicago companies represents 50 companies that achieved impressive gains over a five-year period. Crain’s reporters and researchers studied each company and asked probing questions of CEOs to figure out how they grew, what did each company do to achieve impressive gains and how do they plan to sustain them. 125 applications were vetted to choose this year’s honorees.To qualify for the Fast Fifty list, Crain’s evaluated companies with an inception date on or before December 31, 2007; with headquarters in the six-county area (Cook, DuPage, Kane, Lake, McHenry and Will) as of December 31, 2014; and with 2014 revenue of at least $15 million. The publication required financial statements or tax returns and enlisted an outside accounting firm to assist with verifying the financial information.