For the sixth year in a row, the Los Angeles Business Journal has recognized Filmtools, Inc. as one of the 100 Fastest Growing Private Companies in Los Angeles County.
The honor is bestowed on companies that demonstrate exceptional revenue growth for the two year period 2010-2012. During that span, Filmtools, which sells filmmaking equipment and supplies to the motion picture industry, saw its revenue rise more than 70% to $21 million. The company ranked twelfth on last year’s Fastest-Growing list (for 2009-2011) with revenue growth of 109%.
“What makes this award so satisfying,” said Filmtools’ CEO Stan McClain, “is the fact that a significant amount of our growth has come from repeat business and client referrals. Those two measures tell us all we need to know about the quality of our product lines and the reaction to the customer service we are providing.”
Filmtools recently took steps to accelerate its growth through a strategic alliance with Paladin Capital Partners, which has been advising the company since 2011. The growth plan includes expansion of Filmtools’ business development and sales functions as well as an aggressive effort to create a larger presence in markets overseas.
The Los Angeles Business Journal will unveil the final rankings for 2010-2012 at the 100 Fastest Growing Private Company Awards Reception tomorrow night.