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by FloridaWest News



Success Stories

— Outstanding leadership, culture and growth make these second-stage businesses stand out —

CO:LAB Pensacola is pleased to announce that EBI Management Group, a recent graduate, has been included in the top 50 second-stage companies in Florida selected as a 2020 GrowFL Florida Companies to Watch Honoree. The top 50 honorees were selected from hundreds of applicants and nominees in this statewide competition that identifies companies expected to see significant growth over the next several years. The 2020 GrowFL Florida Companies to Watch awards celebration is brought to you by Nperspective CFO & Strategic Services, in association with the Edward Lowe Foundation.

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, making them “worth watching.”

“These stand-out companies are all led by entrepreneurs, and have demonstrated not only their willingness to grow, but their capacity to do it successfully,” said Dr. Tom O’Neal, GrowFL Founder. “They are all positioned to make a significant impact on Florida’s economy with their products, services, critical intellectual property or a niche position that gives them a competitive edge in their markets. These business owners demonstrate strong leadership, philanthropic involvement, perseverance and all it means to be an entrepreneur.”

EBI Management Group (EBI) is a Service-Disabled Veteran Owned Small Business (SDVOSB) certified professional services company specializing in helping the federal government and private business achieve mission execution through enterprise business intelligence.
“Co:Lab and FloridaWest are proud to support veteran-owned entrepreneurs like EBI,” said Scott Luth, FloridaWest CEO. “In a very difficult year, EBI has not just survived, they have thrived, bringing jobs and a Washington based funding partner to Pensacola. We celebrate their achievement and look forward to their continued growth. “
“This list recognizes second-stage Florida companies with passionate leaders who are making a difference in growing and diversifying our economy,” said Jennifer Barrows, GrowFL Chairman of the GrowFL Advisory Board and Business Development Executive with Withum. Second-stage companies are defined as those with 6 to 150 full-time employees and between $750,000 and $100 million in annual revenue. Barrows continued, “There are many programs to assist businesses in Florida, GrowFL is the only Florida program that focuses exclusively on second-stage companies.”

“EBI Management Group is extremely proud and honored to be recognized by GrowFL as a company to watch,”
said Mark Kilcawley, EBI’s Chief Executive Officer, “We understand our success is driven by the collective effort of so many committed stakeholders. This award reflects the values and hard work of our EBI team members, our commitment to clients and industry partners, and the strong working relationships the company has with local civic and community leaders. EBI understands there is strength in numbers and this award best represents the collective strength of EBI and all the outstanding people that have supported us along the way.”

From 2016 through 2019, these companies generated $813 million in revenue and added 668 employees, reflecting a 103% increase in revenue and 113% increase in jobs for the four-year period. That translates into a 27% average annual revenue growth and 20% average annual growth in employees.
Even through the pandemic, these companies projected continued growth in 2020, with a 15% revenue increase and 17% growth in employees compared to 2019. If their projections hold, these companies will have generated $1.14 billion in revenue and added 887 employees over the last five years — a 133% increase in revenue and 150% increase in jobs since 2016.

Companies named to the list will be officially recognized at the 10th Annual GrowFL Florida Companies to Watch Celebration on February 18, 2021 at Hammock Beach Resort & Spa, as well as broadcast online. Tickets are on sale now for the awards ceremony.

Learn More:EBI Just Keeps Growing