Crain’s Fast 50: 2018’s Fastest Growing Companies
In its much-anticipated annual ranking, Crain’s Detroit Business listed LaFontaine Automotive Group as one of Michigan’s fastest growing companies.
“Without a doubt, our employees are our greatest asset,” said Ryan LaFontaine. “This is a true team recognition and something we all should celebrate and reflect on.”
Crain’s cited our acquisition of additional dealerships and increased new and pre-owned vehicle sales as factors in how we grew.
“I firmly believe this is a testament to the power of our ‘Family Deal’ – an automotive sales and service experience that delivers trust and convenience for our guests,” added Ryan.
The listing in Crain’s Detroit Business can be viewed HERE.
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In the ranks of this year’s list, which are based on results for the past three years, you’ll see the fingerprints of many of the trends shaping our business lives: the construction boom fueled by rising real estate prices and downtown Detroit’s resurgence; high automotive sales that spur the local economy; and big acquisitions that offer overnight growth.
Crain’s doesn’t pick the companies by a pure percentage growth rate alone. Instead, they rank companies by percentage revenue growth between 2014 and 2017, and also by the dollar amount of revenue growth. The two rankings are then added together to create the list. The lower the number, the higher the final ranking.