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ABRA Auto Body & Glass Again Named One of the 50 Fastest Growing Companies

25 October 2000

ABRA Auto Body & Glass Again Named One of the 50 Fastest Growing Companies

    MINNEAPOLIS--Oct. 25, 2000--For the second consecutive year, Minneapolis-based ABRA Auto Body & Glass was named one of Minnesota's "50 Fastest Growing Private Companies" by Twin Cities City Business magazine. ABRA ranked as the 6th Fastest Growing Company, with revenue growth of 216 percent from 1997 through 1999.
    To make the list, the Minnesota-based private companies had to have a minimum of $1 million in revenue in 1997, and consecutive growth for the three most recent fiscal years. Firms submitted financial data that was certified by accounting firm PricewaterhouseCoopers.
    "ABRA is delighted to again receive this recognition", stated Duane Rouse, Chief Financial Officer of ABRA. "Our team members have worked extremely hard to handle this type of accelerated growth while never losing track of our top priority - to give the best service possible to our customers. This award is truly a tribute to the hard work and dedication of every one of our employees."
    ABRA shared the recognition this year with a wide variety of corporations, ranging from high tech, to construction to staffing firms. For the list as a whole, companies averaged 140 percent growth. ABRA was the only company in the automotive industry, and had the fifth largest sales revenue in 1999.
    When asked for advice he would give companies entering a high-growth mode, Rouse responded: "Never lose track of your main business purpose. Growth is important for all companies, but there is no positive gain if your relationships with current customers, employees and vendors suffer."
    ABRA Auto Body & Glass is a national damaged vehicle repair company specializing in collision repair, paintless dent removal, and auto glass repair and replacement. Started with one repair center in 1984, they have grown to sixty-eight facilities in ten states. Their plans for accelerated national growth over the next several years include acquiring existing facilities and building new locations.