West Monroe Partners, a full-service business and technology consultancy, today announced that it has been named to the Crain’s Chicago Business list of more than 300 largest privately held companies in Chicago. Surpassing more than $100M in revenue in 2014, West Monroe ranked 243rd on the list, up from 295th in 2014. West Monroe also ranked 12th overall among the fastest-growing companies on the list, recording 2014 revenue growth of 33.9 percent. In addition, the firm ranked 15th among top “job creators”—companies with the highest growth rate in local full-time employees—with a 34-percent increase in local full-time headcount in 2014.
“The right formula is critical to the level of growth and stature we have achieved. Our uncommon blend of business savvy consultants and deep technologists resonates well with companies navigating complex and changing markets,” said Kevin McCarty, West Monroe’s CEO, president, and co-founder. “More than that, our entrepreneurial spirit, underpinned by our commitment to remaining a 100-percent employee-owned organization, has created an extraordinary and unique ability to attract and retain talent in an environment that challenges each of us to be better every day.”
Founded in Chicago in 2002, West Monroe Partners has experienced sustained growth and expansion annually and now has eight offices across the United States. As of December 31, 2014, it employed more than 600 employees nationally, including 425 full-time employees in Chicago. The Chicago office hired 125 people during 2014 and expects similarly strong personnel growth in 2015 across all of its service areas.
The Chicago office, which relocated to 222 West Adams Street in 2012 and recently expanded its office adding 20% more space bringing the total to more than 50,000 square feet,, serves more than 600 clients in key industries, including banking, healthcare, private equity, life sciences, insurance, utilities, and retail.
West Monroe Partners restructured as an Employee Stock Ownership Plan (ESOP) trust on December 31, 2012. All of the firm’s US employees participate as beneficial owners. Since its inception, West Monroe Partners has received national recognition as a leading employer from Vault.com, Consulting® magazine, and Great Place to Work®, as well as from major business publications in Chicago, Seattle, Minneapolis and Columbus.
Crain’s annually publishes a list of the top privately held companies in the Chicago area, based on revenue. The 2015 list was released on April 20.