Purchasing Power LLC received an Atlanta Business Chronicle 2009 Pacesetter Award, along with recognition as one of Atlanta’s fastest-growing private companies.
The Atlanta Business Chronicle honors the city’s top privately-held businesses each year. Companies must be based in the Atlanta metro area and have experienced a two-year growth in sales of more than 50 percent to qualify. Purchasing Power ranked 33rd out of 50 award recipients.
“The Purchasing Power team has remained focused on smart sales and growth as well as client service,” said Richard Carrano, Purchasing Power president and chief financial officer. “This successful formula has benefited our company as we help our clients provide their employees with life-enriching products through payroll deduction.”
Purchasing Power has seen a 105 percent growth in annual revenue since 2006. In 2008 the company surpassed the $200 million mark in total revenues, since its inception in 2001. Additionally, the workforce has more than doubled since 2006, from 47 to 95 employees in 2008.