The South Florida Chapter of the Association for Corporate Growth (ACG-South Florida) will honor outstanding companies headquartered in the tri-county region at its annual awards banquet on Thursday, June 21 at the Westin Fort Lauderdale, 400 Corporate Dr., Fort Lauderdale. The event starts at 5:30 p.m. Tickets are $150 for members and $175 for non-members and can be purchased at ACG.org/SouthFlorida.
“These companies are all best in class in South Florida,” said ACG-South Florida President Ari Roloff. “They positively impact our local economy by creating jobs, generating billions in revenue and driving further corporate growth.”
Outstanding Growth Company of the Year Award
ACG-South Florida’s Outstanding Growth Company of the Year Award will be presented to ABB OPTICAL GROUP for its exceptional revenue growth as a large company. A leading distributor of optical products in the United States, ABB OPTICAL supplies nearly two-thirds of eye care professionals across the country with brand-name contact lenses, specialty contact lenses, ophthalmic lenses and more, in addition to providing business-building services for its customers such as pricing strategy tools, as well as practice management solutions through its Primary Eyecare Network division. The company’s DIGITAL EYE LAB Network utilizes cutting-edge technology to produce eyewear personalized to patients’ needs and lifestyles. Headquartered in Coral Springs, ABB OPTICAL has more than 1,000 employees in eight locations nationwide.
Founded in 1989 by CEO Angel Alvarez, the company experienced rapid growth and expansion in the 1990s and 2000s through the acquisition of several regional contact lens companies, most notably CON-CISE Contact Lens Company in California, which established ABB CONCISE as the largest contact lens distributor in the United States. In 2012, private equity firm New Mountain Capital of New York recapitalized ABB CONCISE to support continued growth and expansion. Later that year, ABB CONCISE and Optical Distributor Group, the second largest contact lens distributor in the nation, merged to become ABB OPTICAL GROUP. An acquisition of Diversified Ophthalmics, Inc. and partner company MidSouth Premier Ophthalmics in 2016 expanded ABB OPTICAL’s logistics stronghold along the East and West Coasts into the central U.S., increasing the company’s geographic footprint across several Midwestern states. ABB OPTICAL GROUP generates more than $1 billion in revenue annually.
ABB OPTICAL previously received ACG-South Florida’s Deal of the Year award in 2014 and its Emerging Growth Company of the Year award in 2008.
Emerging Growth Company of the Year Awards
For its exceptional growth and performance since its 2003 founding, SMP Pharmacy Solutions will be honored as an Emerging Growth Company of the Year. SMP provides fertility medication, specialty drugs, compounding and retail services. Under the direction of founder and CEO Dr. Armando Bardisa, the company has expanded from a community pharmacy into a national provider of specialty pharmaceuticals. Based in Miami-Dade County with more than 100 employees at two facilities, SMP operates a warehouse and fulfillment center that provides specialty pharmaceuticals for infertility, HIV and Hepatitis C to physician offices and hospitals across the nation.
Also receiving an Emerging Growth Company of the Year Award is e-Builder – A Trimble Company. Founded in 1995 and based in Plantation with more than 200 employees, e-Builder is a software-based construction management solution for facility owners and construction professionals. Currently, e-Builder manages more than 200,000 construction projects in North America worth more than $300 million. In February, Trimble, a publicly traded company based in Silicon Valley, purchased e-Builder for $500 million.
Deal of The Year Awards
Chewy Inc. will receive a Deal of the Year Award for its $3.35 billion sale to PetSmart in May 2017. Chewy is a leading online retailer of pet food and supplies in the United States. Founded in 2011, Chewy set out to offer pet parents the expertise and service of a local pet store with the convenience of online shopping. Chewy delivers on that promise with its dedication to 24/7 customer service, creation of cutting-edge software and technology to enhance the user experience and commitment to sourcing high quality products. Chewy currently employs more than 7,000 pet lovers in its Dania Beach headquarters, Boston office, customer service center in Hollywood, Fla., and six fulfillment centers in Pennsylvania, Indiana, Texas, Nevada and Florida.
Modernizing Medicine® also will receive a Deal of the Year Award for raising $231 million in capital funds last year from Warburg Pincus, a global private equity firm focused on growth investing, to provide liquidity to existing shareholders, fund further expansion and support future strategic endeavors. Founded in 2010 by Daniel Cane and Dr. Michael Sherling, Modernizing Medicine and its affiliated companies empower physicians with suites of mobile, specialty-specific solutions that transform how healthcare information is created, consumed and utilized to increase practice efficiency and improve patient outcomes. The company is based in Boca Raton and has more than 600 employees.
President’s Private Equity Award
ACG South Florida will bestow the new President’s Private Equity Award to H.I.G. Capital for its continued international growth and especially for its 2017 acquisition of Clearwater-based BIC Graphics. Headquartered in Miami, H.I.G Capital is a leading global private equity and alternative investment firm with more than $21 billion of equity capital under management. With sales of more than $300 million, BIC Graphic is one of the largest suppliers in the promotional products industry, specializing in customized writing instruments, hard goods and calendars.
For information about event sponsorships and group tickets opportunities, contact ACG-South Florida Awards Committee Chairman Thomas Hicks at 954-415-6369 or [email protected], or Chapter Executive Elena Djakonova at [email protected].