AmeriQuest recognized for growth, names new director

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AmeriQuest announced its inclusion for the fourth year in the Philadelphia Business Journal‘s list of South Jersey’s 25 Fastest-Growing Private Companies. For the past 10 years, the “South Jersey 25” has recognized the 25 fastest-growing privately-held companies in southern New Jersey. AmeriQuest came in at No. 11 on the list this year, up two spots from No. 13 the previous year. Representing AmeriQuest at the awards ceremony were Doug Clark, president and chief executive officer; Rich Spotts, chief financial officer; and Kate Donahue, director of marketing.

The Center for Innovation and Entrepreneurship at Rowan University, a “South Jersey 25” partner, calculated growth in terms of revenue of participating companies over three years. The center then ranked the companies according to percentage of revenue growth from the first to the third year. Of the 25 companies that made the list, AmeriQuest scored highest in terms of gross revenue.

“What I find to be the real story behind the numbers of the companies represented in this presentation is the fact that AmeriQuest comes out with the number one ranking for the period of 2003 through 2005 for all of the following criteria — total annual revenues, annual net revenue increase and average three-year revenue per employee,” Spotts said when accepting the award. “This truly speaks highly of our business model and the quality of our people who have made this all happen.”

The “South Jersey 25” is a product of cooperation between the Philadelphia Business Journal, the Center for Innovation and Entrepreneurship at Rowan University, Archer and Greiner, PNC Bank, Vistage and the Chamber of Commerce of Southern New Jersey.

  • In other news, AmeriQuest recently appointed Jim Russo as director of participant services under AmeriQuest’s rental and leasing division. Russo previously supported AmeriQuest’s supply management group as director of field services and has spent more than 28 years in the truck leasing and tire industries. He will remain located in AmeriQuest’s headquarters in Cherry Hill, N.J.
  • Russo will focus on the noncapital equipment needs of AmeriQuest’s rental and leasing participants, and he will continue to work with suppliers to enhance current programs as well as develop new programs that provide substantial value to participants. One of Russo’s first initiatives is the refinement of the existing reciprocal road service program.

    “Jim’s background with various leasing operations, his ongoing work with suppliers, and his personal knowledge and relationships with our participants will allow him to provide immediate benefits and results,” said Roger Welling, senior vice president of leasing operations for AmeriQuest. “I look forward to working with him as we continue to improve our service offerings to participants.”