investor, has become Granite’s majority shareholder. Therefore, the company will no longer be ranked among the BE 100S .
Granite had attempted to restructure its debt and had explored a range of opportunities, including the sale of stations formerly affiliated with the WB Network in San Francisco and Detroit. At the time, Chairman and CEO W. Don Cornwell stated that Granite’s inability to sell those stations was linked to the demise of the WB. These factors were prominent in Granite’s decision to begin bankruptcy proceedings.
But some companies have managed to hold their ground and even grow. Those are the companies whose executives have adjusted to the ever-changing business climate and identified both new and tried-and-true ways of sustaining and growing business while curtailing costs. They’ve identified the right time to jettison less profitable lines of business while developing new ones. The opportunistic and successful have built new foundations on a shifting landscape.
Industrial/Service Eligibility
A company must be at least 51% black-owned and have been fully operational for the previous calendar year. Companies listed must manufacture or own the products they sell or provide industrial or consumer services. (Brokerages, real estate firms, and firms that provide professional services, such as accounting firms and law offices, are not eligible.)
Top 10 Revenue Growth Leaders
Company | Location | 2007 Sales* | 2006 Sales* | Increase |
Manufacturers Industrial Group L.L.C. | Lexington, TN | $223.000 | $118.000 | 88.98 |
Bridgewater Interiors L.L.C. | Detroit, MI | $1,301.088 | $751.000 | 73.25 |
Manna Inc. | Louisville, KY | $475.000 | $276.000 | 72.10 |
RLJ Development L.L.C. | Bethesda, MD | $704.343 | $460.020 | 53.11 |
TAG Holdings L.L.C. | Troy, MI | $605.000 | $404.000 | 49.75 |
1 Source Consulting Inc. | Washington, DC | $72.134 | $50.000 | 44.27 |
Carter Brothers | Atlanta, GA | $80.000 | $55.600 | 43.88 |
Datrose Inc. | Webster, NY | $50.900 | $38.000 | 33.95 |
ZeroChaos | Orlando, FL | $480.000 | $366.800 | 30.86 |
Power & Sons Construction Co. Inc. | Gary, IN | $76.472 | $59.978 | 27.50 |
*IN MILLIONS OF DOLLARS. AS OF DEC. 31, 2007. PREPARED BY B.E. RESEARCH. REVIEWED BY THE CERTIFIED PUBLIC ACCOUNTING FIRM EDWARDS & CO.
Top 10 Revenue Growth Leaders
Company | Location | 2007 Sales* | 2006 Sales* | Increase |
Manufacturers Industrial Group L.L.C. | Lexington, TN | $223.000 | $118.000 | 88.98 |
Bridgewater Interiors L.L.C. | Detroit, MI | $1,301.088 | $751.000 | 73.25 |
Manna Inc. | Louisville, KY | $475.000 | $276.000 | 72.10 |
RLJ Development L.L.C. | Bethesda, MD | $704.343 | $460.020 | 53.11 |
TAG Holdings L.L.C. | Troy, MI | $605.000 | $404.000 | 49.75 |
1 Source Consulting Inc. | Washington, DC | $72.134 | $50.000 | 44.27 |
Carter Brothers | Atlanta, GA | $80.000 | $55.600 | 43.88 |
Datrose Inc. | Web ster, NY |
$50.900 | $38.000 |
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