Continued Growth Surge Earns Access Media 3 Repeat Spot on "Fast 50" List
For the second straight year, leading business publication recognizes triple-play media services company among the fastest growing businesses based in the Chicago area.
- Chicago, IL (1888PressRelease) July 08, 2014 - Access Media 3 (AM3), a leading media service provider to multi-family properties, was recently named to Crain's Chicago Business' "Fast 50," a list of Chicago's fastest growing companies based on their percent of revenue growth. This is AM3's second year on the list, with its seven -year compounded annual growth rate of just over 81.4% percent driving it to earn a 13th place ranking on this year's list.
AM3's "Fast 50" recognition reflects the dramatic growth of the company in the eight years of its existence. Founded in December 2006 by CEO Scott Rediger and a team of industry veterans, AM3 has expanded rapidly through a combination of strategic acquisitions, aggressive capital investment, and organic growth. Significant funding from investors including Meritage Funds, WP Global Partners, Main Street Capital Corporation, and Petra Capital Partners positioned AM3 for rapid expansion beyond its initial Midwestern markets. The company now has over 200 full-time employees, and generated $45.7 million in revenue for 2013. AM3 currently is on pace to achieve revenues of approximately $65 million in 2014, with EBITDA nearing approximately $16 million.
With a uniquely solid foundation of positive cash flow and strong back office, AM3 has become the pre-eminent competitor in the MDU market to franchised cable operators and stands ready to accelerate its continued growth with new, aggressive sales strategies as well as additional acquisitions. AM3's customer base includes over 157,000 RGUs in approximately 1,350 properties in 23 states across the US.
Crain's "Fast 50" is an annually featured list including companies that are at least six years old, located in the six-county Chicago Metro area, and have accumulated a minimum of $20 million in revenue for 2013. In addition to its inclusion on the Crain's list for 2012 and 2013, AM3 has also been recognized on the Inc. 500 and Inc. 5000 lists.
"I attribute our continued success to our ability to provide an outstanding customer experience that includes high end triple play solutions combined with a strong front-line customer relationship," said Scott Rediger, AM3's CEO. "AM3 is committed to providing custom solutions to multi-dwelling unit properties, and our ability to provide flexible telecom options is a key driver to our business, while the incumbent providers struggle to offer outside the box offerings."
About Access Media 3
Access Media 3, headquartered in Oak Brook, Illinois, is one of the leading providers of comprehensive Internet, TV and voice services for multi-dwelling unit properties, including design, installation, maintenance and service management. Led by a team of industry veterans, Access Media 3 prides itself on offering flexible, tailor-made service packages through strong project management and property-specific solutions based upon wiring and technology needs. AM3 ranked no. 305 on the 2011 Inc. 500 list of fastest growing US companies. Access Media 3 is backed by equity investments from Meritage Funds, WP Global Partners, Main Street Capital Corporation, and Petra Capital Partners Funds.
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