Outstanding leadership, culture and growth make these second-stage businesses stand-out
Brooksville, Florida (October 17, 2023) — The Office of Economic Development is thrilled to announce that three Hernando County businesses are among the top 50 companies selected as GrowFL Florida Companies to Watch Honorees this year. The Hernando County Honorees are AME International, Delamere Industries, Inc. and Pem-Air Turbine Engine Services, LLC.
To qualify for the award, companies must be headquartered in Florida and have between 6 and 150 employees and revenue between $750,000 and $100 million. From 2019 through 2022, Florida Companies to Watch collectively generated close to $2 billion in revenue and added 871 employees, reflecting a 99% increase in revenue and a 62% increase in jobs for the four-year period. That translates into a 27% average annual revenue growth and a 19% average annual growth in employees.
GrowFL Florida Companies to Watch projected continued growth in 2023, with a 28% revenue increase and a 22% growth in employees compared to 2022. If their projections hold, these companies will have generated more than $2.8 billion in revenue and added 1,370 employees over the last five years — a 155% increase in revenue and 97% increase in jobs since 2018.
“GrowFL Florida Companies to Watch was designed to celebrate the spirit of entrepreneurship and to shine a spotlight on the most deserving companies,” said Jennifer Taylor, president, and CEO of GrowFL. “Second-stage businesses are the lifeblood of our state’s economy, driving innovation, creating jobs, and fueling prosperity.”
Hernando County is home to three companies that personify the innovation, resilience, and growth trajectory essential to Florida Companies to Watch Honorees.
“It’s an honor to have been nominated and recognized as one of the companies to watch in Florida. Despite the challenges of the past few years, we’ve had excellent growth, fueled by an amazing team of employees. Kudos to GrowFL for organizing and assisting companies to continue our growth,” said Keith Jarman, President, AME International.
“At Delamere Industries we are all delighted to be recognized as a 2023 Honoree and look forward to utilizing the resources that are now available to us through GrowFL. We anticipate, and are fully committed to, significant further growth and expansion for many years to come and would like to thank the Hernando County Office of Economic Development and the gracious citizens of Brooksville for their continued support,” said Nicole F. Hughes, Chief Information Officer, Delamere Industries, Inc.
Virgil D. Pizer, CEO of Pem-Air Turbine Engine Services, LLC (PATES) stated, “I am proud of Pem-Air Turbine Engine Services, LLC’s growth over the years. Our growth would not be possible without our team’s commitment and dedication to providing customers with excellent service and results. We are proud to be based in Florida, where pro-business initiatives have made overcoming challenges and accelerating growth that much easier. With these factors in mind, PATES is primed to continue growth with its new 60,000 square foot facility scheduled to open in Q4 2023. I am excited about our future.”
Companies named to the list will be officially recognized at the 13th Annual GrowFL Florida Companies to Watch Celebration on February 15, 2024, at the Hard Rock Live in Universal CityWalk, Orlando, FL.
About GrowFL: GrowFL provides strategies, resources, and support, including strategic research and peer-to-peer CEO mentoring and leadership development, to second-stage Florida companies. GrowFL is driven by one goal – to cultivate second-stage growth companies across the state. Through our diverse programs and services, GrowFL provides proven methods to help CEOs overcome unique challenges facing second-stage companies as they grow. GrowFL.com
Companies to Watch was developed by the Edward Lowe Foundation as a unique way to recognize and honor second-stage companies that demonstrate high performance in the marketplace with innovative strategies and processes. In addition to evaluating past growth and projected success, applicant companies are judged according to their special strengths and impact in their markets, communities, and within the state – thus deeming them worth watching.
About AME, International: AME International is a worldwide supplier of tire service tools, accessories, and shop equipment. With their complete range of OTR tire and tire-related accessories and equipment, AME serves all aspects of wheel and tire service. AME currently offers tools for professional tire service on: Off-Highway Vehicles, Mining/Construction/Forestry equipment, Heavy Duty Trucks, Light Trucks, Buses, Planes, Tractors/Agricultural Equipment, Motorcycles/ATV/RVs, and Passenger Cars.
About Delamere Industries, LLC: Delamere is a leading manufacturer and installer of Florida Department of Transportation (FDOT) Handrail, FDOT Fence, Bullet Railing and Rectangular Tube Retrofit Railing across Florida. The company also installs many third-party commercial fencing products and completes custom manufacturing of metal products. For many years, Delamere has supplied and installed products to the largest projects in Florida; there’s a very good chance, that if you’ve touched a handrail on a sidewalk or bridge in Florida, Delamere manufactured it. DelamereIndustriesInc.com
About Pem – Air Turbine Engine Services, LLC: Pem-Air Turbine Engine Services LLC (PATES) is an FAA and EASA certified global repair provider for aircraft gas turbine engines, accessories, and related platform components.
Exceeding client expectations since 2013, PATES is a full-service maintenance, repair, and overhaul facility (MRO) for legacy and Next-Gen engines, including the CFM56-7B, Trent and GE90. For mixed fleet operators, PATES can be a single source engine and component maintenance solution.