West Monroe Partners’ makes it onto the Crain’s Fast Fifty list for the fifth time in the past six yearsWest Monroe Partners, a North American business and technology consulting firm, today announced that it has been named to Crain’s Fast Fifty, a list of the 50 fastest-growing companies in Chicago published annually by Crain’s Chicago Business. With a five-year growth rate of 148 percent, West Monroe ranked 36 on the list of 50 companies.
Since opening its doors eleven years ago, West Monroe has grown revenue to more than $65.4 million and headcount to over 350 consultants. At the end of 2012 West Monroe opened its eighth office in Minneapolis.
Several contributing factors had an impact on West Monroe’s success over the last year. In 2012 West Monroe saw incremental growth as clients became increasingly active in the revitalized M&A market. By adding a dedicated insurance practice leader and supporting talent, the firm’s insurance practice revenue increased significantly from 2011 to 2012. Additionally, the energy sector experienced high growth with rising interest in renewable energy projects. West Monroe continues to rely on our E&U expertise to support these efforts, such as: working with the City of Chicago on a program to help make the Chicago land area a leading U.S. market for residential and commercial rooftop solar.
“Our success can be attributed to the discipline and focus on quality over quantity – both with our people and our clients.” said Dean Fischer, the company’s CEO and one of its founders. “We know—and have seen time and time again—that when you have happy people, this translates to better client service and better quality work. In fact, our motto is ’to do the work we love with the people we trust’.”
This is West Monroe Partners’ fifth time on the Crain’s Fast Fifty list over the past six years. Additionally, it has been listed as a top company to work for nationally by Consulting Magazine and Vault Inc.; in Chicago by Crain’s, the Chicago Tribune and the National Association of Business Resources; in Seattle by Seattle Business Monthly and Puget Sound Business Journal; and in Columbus by Columbus Business First.
To qualify for the Fast Fifty list, Crain’s evaluated companies with an inception date on or before December 31, 2007; with headquarters in the six-county area (Cook, DuPage, Kane, Lake, McHenry and Will) as of December 31, 2011; and with 2012 revenue of at least $20 million. The publication required financial statements or tax returns and enlisted an outside accounting firm to assist with verifying the financial information.