Inc. Magazine Names CRDN One of 5,000 Fastest-Growing Businesses

Jason Hicks |

BERKLEY, Mich. — Inc. magazine has named the Certified Restoration Drycleaning Network (CRDN) one of the fastest-growing private companies in the United States for the second year in a row.
Founded in 2001, CRDN reported growth of 95.8% thanks to the ongoing education of the insurance industry about the cost effectiveness of restoring damaged textiles rather than replacing them, the company says. CRDN specializes in restoring garments and other fabric items damaged by smoke, fire, water, mold or other contaminants. Covering 94% of the U.S., CRDN has achieved an average success rate of 98%, saving insurance companies millions of dollars each year, the company reports.
The Inc. 5,000 list is designed to catch the many businesses that are too big to grow at the pace required to make the magazine's annual Inc. 500 list, as well as a host of smaller firms.
The Inc. 5000 is ranked according to percentage revenue growth from 2004 through 2007. Additionally, they have to be U.S.-based, privately held, for-profit, and independent — not subsidiaries or divisions of other companies — as of Dec. 31, 2007. Revenue in 2004 must have been at least $200,000, and revenue in 2007 must have been at least $2 million.
 

About the author

Jason Hicks

American Drycleaner

Jason Hicks was assistant editor for American Trade Magazines, which publishes American Coin-Op, American Drycleaner and American Laundry News, for more than nine years, and web editor for three years.

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