September 12, 2013 -- Inc. magazine ranked Acadian number 4541 on its seventh annual Inc. 500|5000 list, an exclusive ranking of the nation’s fastest growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.
“The fact that we continue to be on this prestigious list year after year only solidifies what I’ve always known—that our team is driven, dedicated, and fully committed to our company culture and mission,” said Richard Zuschlag, CEO and chairman of Acadian. “Our employee-owners make me proud every single day, and they are the reason that we continue to succeed.”
In 1971, Zuschlag co-founded the company as an ambulance service committed to providing the highest level of emergency medical care and transportation possible. In the past decade, the company has expanded to include a diverse suite of services in health, safety, and transportation. Acadian’s six divisions are Acadian Ambulance Service, Acadian Monitoring Services, Air Med, Executive Aircraft Charter Service, National EMS Academy and Safety Management Systems.
Acadian has made the Inc. 500|5000 list every year since 2007. In 2006, Zuschlag was awarded Honorable Mention for Inc.’s Entrepreneur of the Year Award, while Acadian’s employees received the first annual Bernard A. Goldhirsch Courage Award for their response during Hurricane Katrina. The company also holds the coveted Inc. Magazine/MCI National Technology Leadership Award, given annually for outstanding use of technology in providing customer service. Last year, Acadian was ranked number 18 on Inc.’s inaugural list of Hire Power awards, which honors companies that have helped rebuild the economy by creating a substantial amount of jobs.
The 2013 Inc. 500|5000 list is ranked according to percentage revenue growth when comparing 2009 to 2012. During this measurement period, Acadian’s revenue growth rate was 49%, which is particularly impressive given the almost stagnant national economy during these years. David Kelly, Acadian’s chief financial officer, attributes the rapid growth to the fact that Acadian is majority owned by its employees through an employee stock ownership plan, or ESOP.
According to Kelly, “Numerous national studies have repeatedly shown that ESOP companies have higher than average revenue and employment growth rates. However, we didn’t need a national study to tell us that; we observe it every day through the motivation and hard work of our employee-owners.”
The companies on this year’s list report having created over 520,000 jobs in the past three years, with the aggregate revenue among them reaching $241 billion. Inc. Editor Eric Schurenberg says, "Not all the companies in the Inc. 500|5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy.”
Complete results of the Inc. 5000, including company profiles and an interactive database for sorting by industry, region, and other criteria, can be found at www.inc.com/inc5000/list.