DAVACO Named Winner of Dallas 100™ Award
SMU Honors National Retail Service Provider for Third Consecutive Year
Dallas, Texas (December 6, 2004) - DAVACO Inc., one of the nation’s leading providers of retail services and solutions, announced that is has again been named one of the 100™ fastest-growing private companies in the North Texas area. For the third year in a row, The Caruth Institute for Entrepreneurship at SMU’s Cox School of Business recognized DAVACO as a winner of the prestigious Dallas 100™ Award. The award was presented at a formal ceremony held at the Morton H. Meyerson Symphony Center on November 17th.
Rick Davis, CEO of DAVACO, commented, “We owe this honor to the exceptional work of our employees and the loyalty of our clients.” He continued, “We’re proud to have sustained a double digit growth rate for several consecutive years. We credit the performance of our team members in Dallas as well as those around the country who deliver comprehensive, cost-effective and quality services for the nation’s leading retailers.” DAVACO has consistently moved up in the Dallas 100™ Award rankings, having numbered 70th in 2002 and 36th in 2003. In 2004, DAVACO was ranked 28th among the 100™ winning companies.
To be considered for the Dallas 100™ Award, companies must have had sales of at least $500,000 and not more than $65 million in 2001, as well as a three-year sales history that reflects growth. Both percentage growth and dollar growth are considered in the rankings. Eligible companies must also be independent, privately held corporations with headquarters in the Dallas area.
DAVACO continues to grow strategically and now numbers over 750 employees nationwide. The company recently announced that it is relocating to larger corporate headquarters in Dallas. The new space, to be occupied in late December, will accommodate current and future growth plans.
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