Crain's Detroit Business - 2011 Book of Lists - (Page 23)

December 27, 2010 CRAIN’S DETROIT BUSINESS Page 23 CRAIN'S LIST: FASTEST-GROWING COMPANIES By percent change in revenue, 2008-09 Company Address Phone; website Rank Top executive Percent change in revenue 84.6% Revenue ($000,000) 2009 $875.0 B Revenue ($000,000) 2008 $474.0 Reason for increase Low finance rates and increased refinance deals Quicken Loans/Rock Financial Inc. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 16. 18. 19. 20. 20555 Victor Parkway, Livonia 48152 (800) 226-6308; www.quickenloans.com and www.rockfinancial.com Dan Gilbert, chairman and founder Lakeshore Group 7310 Woodward Ave., 5th Floor, Detroit 48202 (313) 875-4115; www.lakeshoreeng.com Avinash Rachmale, CEO and president 79.9 268.0 149.0 Awarded federal government military defense contracts (U.S. Air Force) University Bancorp Inc. 2015 Washtenaw Ave., Ann Arbor 48104 (734) 741-5858; www.university-bank.com Stephen Ranzini, president 70.4 22.0 12.9 Grew Islamic mortgage originations from $23.6 million to $38.7 million, and wholesale mortgage division went from $133.4 million in orignations to $489.7 million Increased membership from 167,207 in 2008 to 236,770 in 2009 Health Plan of Michigan Inc. 777 Woodward Ave., Detroit 48226 (313) 324-3700; www.hpmich.com David Cotton, president and CEO 55.8 660.3 423.9 Piston Group 12723 Telegraph Road, Redford Township 48239 (313) 541-8546; www.pistongroup.com Vincent Johnson, chairman 52.7 247.8 162.3 Awarded new business; opened a new facility in Missouri; increase in volume towards end of the year First Mercury Financial Corp. C 29621 Northwestern Highway, Southfield 48034 (800) 762-6837; www.firstmercury.com Richard Smith, president, CEO and COO 48.7 320.7 215.7 Record gross premiums written, launched CoverX hospitality and indoor recreational business unit WorkForce Software 38705 Seven Mile Road, Suite 300, Livonia 48152 (877) 493-6723; www.workforcesoftware.com Kevin Choksi, CEO and president 47.9 19.2 13.0 Venture capital-driven sales growth Meadowbrook Insurance Group Inc. 26255 American Drive, Southfield 48034-6112 (248) 358-1100; www.meadowbrookinsgrp.com Robert Cubbin, president and CEO 43.3 627.6 437.8 Acquired ProCentury Corp. in July 2008. Significantly increased gross premiums written Dantom Systems Inc. O'Brien Construction Inc. 1735 Highwood, Pontiac 48340 (248) 334-2470; www.obriencc.com Timothy O'Brien, president 37.8 24.3 17.6 Projects that were on hold were released: Garden View Estates II and VA Piquette Netlink 999 Tech Row, Madison Heights 48071 (248) 204-8800; www.netlink.com Dilip Dubey, CEO and co-founder; Anurag Shrivastava, CTO, president and co-founder 36.7 82.0 60.0 Due to acquisitions Flagstar Bancorp Inc. 5151 Corporate Drive, Troy 48098 (248) 312-2000; www.flagstar.com Joseph Campanelli, chairman 33.5 1,212.6 908.1 Increased non-interest income from $130.1 million in 2008 to $523.3 million in 2009, most of it in the net gain from loan sales HTC Global Services Inc. 3270 W. Big Beaver Road, Troy 48084 (248) 786-2500; www.htcinc.com Madhava Reddy, president and CEO 30.6 111.0 85.0 New business opportunities in the beginning of the year Grede Holdings LLC D 27275 Haggerty Road, Suite 420, Novi 48377 (248) 522-4500; www.grede.com Douglas Grimm, chairman, president and CEO 29.5 575.0 444.0 Increased customer volumes across all sectors and new business awards Talascend LLC 5700 N. Crooks Road, Suite 450, Troy 48098 (248) 537-1300; www.talascend.com Ron Wood, president and CEO 26.7 256.0 202.0 Acquired Quality Technical Services Inc., July 2008 and EPC Global, October 2008 Gonzalez Design Group 29401 Stephenson Highway, Madison Heights 48071 (248) 548-6010; www.gonzalez-group.com Gary Gonzalez, president and CEO 25.0 85.0 68.0 Increased sales to Ford Motor Co. T.H. Marsh Construction Co. 32121 Woodward Ave., 300 Balmoral Centre, Royal Oak 48073 (248) 586-4130; www.thmarsh.com Ryan Marsh, president, CEO and COO 25.0 65.0 52.0 Repeat business Energy Conversion Devices Inc. 2956 Waterview Drive, Rochester Hills 48309 (248) 293-0440; ovonic.com Mark Morelli, president and CEO 23.6 316.3 255.9 Acquired Solar Integrated Technologies Inc. in August 2009 TTi Global 2750 Product Drive, Rochester Hills 48309 (248) 853-5550; www.ttinao.com Lori Blaker, president and CEO 23.4 47.0 38.1 Significantly expanded U.S. business and global international business Arrow Strategies 30300 Telegraph Road, Suite 117, Bingham Farms 48025 (248) 502-2500; www.arrowstrategies.com Jeff Styers, founder, owner and president 22.8 22.5 18.3 Execution, improved efficiency, and concentration of key verticals (primarily health care) This list of fastest-growing companies in Wayne, Oakland, Macomb, Washtenaw and Livingston counties is based on a minimum 2008 revenue of $10 million. Fastest-growing is a measurement of revenue growth and does not denote whether a company is profitable. This is not a complete listing but the most comprehensive available. Information is from the companies and from public filings. NA = not available. B Crain's estimate. Quicken Loans originated $25 billion in loans in 2009. Revenue estimate is based on 3.5 percent of loan volume. C In October 2010, Toronto-based Fairfax Financial Holdings Ltd. announced plans to acquire First Mercury Financial Corp. The transaction is expected to close in the first quarter of 2011. D Citation was renamed Grede Holdings LLC in February 2010 after a series of private equity-financed deals that combined Citation with Grede Foundries Inc., a Milwaukee-based ferrous metals foundry. Continued on Page 25 THE BIG PICTURE 29241 Beck Road, Wixom 48393 (248) 567-7300; www.dantomsystems.com Timothy Schriner, CEO and president 43.1 103.0 72.0 Organic growth, new customers and new business, expansion to firstparty granter business http://www.quickenloans.com http://www.rockfinancial.com http://www.quickenloanscareers.com http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="quicken+loans" http://www.lakeshoreeng.com http://www.lakeshoreeng.com http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="lakeshore+group" http://www.university-bank.com http://www.university-bank.com/Careers.html http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="university+bancorp" http://www.hpmich.com http://www.hpmich.com/corporatejobs.shtml http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="health+plan+of+michigan" http://www.pistongroup.com http://www.pistongroup.com/main/jobs.aspx http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="piston+group" http://www.firstmercury.com http://www.firstmercury.com/Careers.htm http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="first+mercury" http://www.workforcesoftware.com http://www.workforcesoftware.com http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="workforce+software" http://www.meadowbrookinsgrp.com http://www.meadowbrookinsgrp.com/careers.html http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="meadowbrook+insurance" http://www.dantomsystems.com http://www.dantomsystems.com/default.aspx?ID=HomeAboutDANTOMCareerOpportunities http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="dantom+systems" http://www.obriencc.com http://www.obriencc.com/Contact.html http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="obrien+construction" http://www.netlink.com http://www.netlink.com/careers.html http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="netlink" http://www.flagstar.com http://www.flagstar.com/careers/CareersAtFlagstar.html http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="flagstar+bancorp" http://www.htcinc.com http://www.htcinc.com/website/insidepagee0eb.html?page_id=60 http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="htc+global+services" http://www.grede.com http://www.citation.net/careers/opportunities.aspx http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="grede+holdings" http://www.talascend.com http://www.talascend.com/jobseekers.html http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="talascend" http://www.gonzalez-group.com http://www.gonzalez-group.com/designGroup/index.asp http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="gonzalez+design+group" http://www.thmarsh.com http://www.thmarsh.com/contact.html http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="t.h.+marsh+construction" http://www.ovonic.com http://www.energyconversiondevices.com/careers.php http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="energy+conversion+devices" http://www.ttinao.com http://www.ttinao.com/careers.html http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="tti+global" http://www.arrowstrategies.com http://www.arrowstrategies.com/prospective.html http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="arrow+strategies"

Table of Contents for the Digital Edition of Crain's Detroit Business - 2011 Book of Lists

Crain's Detroit Business - 2011 Book of Lists
The Big Picture
10 things to watch in 2011
10 things to remember about 2010
Private 200
Fastest-growing companies
Public school districts
Top-compensated CEOs
Top-compensated non-CEOs
Metro Detroit employers
Wayne County employers
City of Detroit employers
Livingston County employers
Washtenaw County employers
Macomb County employers
Oakland County employers
Publicly held companies
Hispanic-owned businesses
Native American-owned businesses
Asian-owned companies
Black-owned businesses
Woman-owned businesses
The Motor City
Airlines Serving Detroit Metro
Professional Sports Teams
Auto Suppliers
Auto Dealers
Aftermarket Suppliers
Divisions
Defense Contractors
New Economy/Health Care
Family-owned companies
IP law firms
Group health plans
Hospital companies
Physician organizations
Graduate business degrees
Engineering companies
Environmental companies
IT companies
Biotech companies
People/Awards
Salute to Entrepreneurs
CFO Awards
40 Under 40
Best Lawyers
20 in their 20s
Women to Watch
M&A Awards
Most Connected
Finance
Capital campaigns
Accounting firms
Banks and thrifts
Money managers
Business insurance agencies
SBA Lenders
Real Estate/Services
Office furniture dealers
Nonprofits
Meeting facilities
General contractors
Architects
Property managers
Residential brokers
Staffing companies
Logistics firms
Law firms
Classifieds
Index of Companies

Crain's Detroit Business - 2011 Book of Lists