NEWS RELEASE
October 29, 2004
CONTACT: Angie Hamilton, Vice President-Marketing, 317-791-2020
Pac-Van, Inc. named a 2004 Indiana Growth 100 Awardee for eighth year
(Indianapolis, IN) -- The Johnson Center for Entrepreneurship & Innovation, a division of Indiana University’s Kelley School of Business, recognized Indiana’s leading high potential, high growth companies at its 11th annual Growth 100 Dinner and Awards Banquet Wednesday, October 27 at the Indiana Roof Ballroom in Indianapolis.
Pac-Van, Inc., of Indianapolis, was among the winners. Pac-Van has received the Growth 100 Award eight times, making them one of two companies who have ever been named to this prestigious list for eight years.
Pac-Van, Inc. was founded in 1993 and currently employs 46 persons from Indiana and over 165 employees nationwide. Ted Mourouzis, Chief Operating Officer, states that he is proud to be recognized as an Indiana Growth 100 Company. “Besides the personal satisfaction, we see this award as a testament of the dedication of our entire team. We've managed to continue our growth in a tough economic environment the past few years. We’re thrilled to be named a part of this elite group of Indiana businesses for the eighth time in our eleven year history.”
The Growth 100 award honors Indiana’s rapid growth, high potential entrepreneurial companies. Nominees for the award must be privately held Indiana businesses and have at least $500,000 in annual sales or have raised a significant amount of funding. This year, 88 highly qualified companies were carefully selected from across the state. Growth 100 companies are identified through an analysis process that is based upon High Performance Organization research conducted by The Johnson Center.
“This year’s 2004 Growth 100 awardees have a combined 2003 sales total of more than $1.17 billion, with an incredible growth rate averaging 58 percent,” said Tom Hustad, interim Director of the Johnson Center for Entrepreneurship and Innovation at IU’s Kelley School of Business. “To be able to build this type of momentum in such a challenging economic climate is quite a feat.” “These companies are a vital, central contributor to the state. Combined, they employ more than 8,600 Indiana residents, and have increased their employment numbers by an average of 33% in the last three years. With the state experiencing an overwhelming loss of jobs through an equivalent period, this is quite remarkable.” Hustad adds, “We recognize these companies because they represent the entrepreneurial spirit of Indiana business, working to enlarge the state’s role in the national and global corporate arena.”
About Pac-Van, Inc.
Pac-Van, Inc. (www.pacvan.com) is a nationwide provider of Innovative Space Solutions in the modular building, mobile office, and portable storage industry. The company serves a vast array of customers including those in the commercial, industrial, construction, medical, special event, government and education markets. Pac-Van’s reputation for excellent quality and unsurpassed service has earned the company many accolades, including: “Inc. 500” List of Fastest Growing Companies in the United States – 1999, 2000, 2001; Inc. “Inner City 100” List of Fastest Growing, Privately Owned, Inner City Companies in the United States – 1999, 2000, 2001, 2002, 2003; Indiana University’s Kelley School of Business “Growth 100” Companies – 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004; Pac-Van, Inc. is headquartered in Indianapolis, IN and maintains branch locations in 20 cities and 13 states domestically. To learn more call 1-800-586-1306 or visit their website at www.pacvan.com
For more information regarding the Growth 100 program and The Johnson Center for Entrepreneurship & Innovation, call 812.855.4248 or visit The Johnson Center’s web site at www.kelley.indiana.edu/jcei.
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