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Sverica Capital Management Announces the Promotions of Greg Hylant to Principal and Franklin Shieh to Vice President

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Sverica Capital Management Announces the Promotions of Greg Hylant to Principal and Franklin Shieh to Vice President

Boston, Austin and San Francisco – January 2, 2024 – Sverica Capital Management, a leading growth-oriented private equity firm focused on the lower middle market, announced today the promotions of Greg Hylant to Principal and Franklin Shieh to Vice President.

Greg has been an important member of Sverica’s Boston office since joining the firm in 2014. He focuses on sourcing and evaluating new investment opportunities, industry research, and portfolio company operations for Advanced Industrial companies. He graduated from Duke University and received a Master’s in Management Studies from Fuqua School of Business. Greg currently serves as a Board Member of Gener8, Hirebotics, and InflexionPoint.

Franklin joined Sverica’s San Francisco office in 2022 and focuses on sourcing investment opportunities and supporting portfolio companies for Sverica’s technology practice. Franklin earned his B.S. in Business Administration from USC and his MBA from Columbia Business School.

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First Stop Health Announces Acquisition of SentryHealth

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First Stop Health Announces Acquisition of SentryHealth

Chicago, IL – November 2, 2023 First Stop Health, a leading virtual care company for primary, urgent and mental health care needs, announced today the acquisition of SentryHealth Inc., an employee health and well-being platform. 

SentryHealth is an AI-driven care management and advocacy solution that focuses on personalized care. Its programs will enhance FSH’s virtual care solutions and strengthen its offerings for employers and their employees. The two companies are aligned in providing high-quality, low-to-no-cost, patient-centered care. 

“SentryHealth enriches our virtual care offerings with care advocacy and improved navigation to help patients feel supported and engaged in their health,” says Teira Gunlock, CEO of First Stop Health. “By continuing to expand on providing delightful healthcare experiences to our members, we are poised to deliver more value to our employer-clients. 2023 has been a year of thrilling growth in the number of patients we serve and in how we can help them live healthier lives.”  

“This represents a strategic alignment of vision and values,” says Kevin Porter, President & CEO of SentryHealth. “Through a shared focus on quality, accessibility and cost savings, together we are poised to create a healthcare experience that supports better employee health and wellbeing and contributes to the overall success of our clients.”

Teira Gunlock will be CEO of the combined company with Kevin Porter joining as a Strategic Advisor. The recent strategic investment of Sverica Capital Management and recognition in Inc. Magazine’s 5000 Fastest Growing Companies list represents a time of significant growth for FSH. The acquisition of SentryHealth will bolster this growth with added talent and services. 

As a virtual medical home designed for everyone, FSH and SentryHealth’s care tactics will deliver unparalleled experiences to its members. FSH’s Virtual Primary Care was launched in 2022 based on the response to patient need for accessible, value-based care and to specifically address preventive, chronic disease and mental health care. FSH Virtual Primary Care is the one-stop for whole-person health guidance. There is no one-size-fits-all solution for patients, and the acquisition of SentryHealth will further support both companies’ dedication to delivering personalized care that people love.®   

About SentryHealth Inc.

SentryHealth is leading the charge in employee health and well-being. Its integrated health solution is the perfect combination of technology and personalized support from caring medical professionals. The company analyzes data from multiple sources to develop unique Intelligent Profiles complete with personalized recommendations. Pairing these profiles with smart technology and Registered Nurse Advocates, it engages with each employee to ensure they receive the right care at the right time. The result is better participation, higher satisfaction, greater outcomes, and lower costs. 

About First Stop Health 

First Stop Health (FSH) provides care that people love® with various digital healthcare services. Patients can access virtual care 24/7 via app, website or phone. We help them save time and money with safe, convenient, high-quality virtual care solutions – Primary Care, Urgent Care & Mental Health. FSH was named one of Inc. Magazine’s Best Workplaces of 2022 and 2023, and ranked one of the fastest-growing private companies for the past 5 years by Inc. 5000. In 2023, FSH was also recognized in Crain’s Chicago Business Fast 50 as one of the Chicago-areas’ fastest growing companies and as a 2023 Well-Being Trailblazer presented by Archetype and WELCOA. For more information, please visit www.fshealth.com

 

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Sverica Capital Management Named to Inc.’s 2023 List of Founder-Friendly Investors

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Sverica Capital Management Named to Inc.’s 2023 List of Founder-Friendly Investors

Boston, MA, Austin, TX and San Francisco, CA – November 2, 2023 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has been named as a Founder-Friendly Investor by Inc.  

To compile the list, Inc. went to the source: entrepreneurs who have sold to private equity and venture capital firms. Founders filled out a questionnaire about their experiences partnering with private equity, venture capital, and debt firms and shared data on how their portfolio companies have grown during these partnerships.

“Inclusion in this list is particularly meaningful for Sverica as partnering with talented founders and entrepreneurs is at the core of what we do.  We are honored to go on each and every growth journey with our business leaders as they strive to build companies that will outpace their competition while staying true to their core values and providing great opportunities for their team members.  We would like to thank all of the Founders that have trusted us as their partners over the 22 years Sverica has been in business.” said Dave Finley, Jordan Richards, and Frank Young, Sverica’s Managing Partners.

Disclosure Note:  Selections for the award are based on Inc’s survey of Sverica portfolio company founders. To view the full list of honorees and read more about the selection methodology, visit Inc’s website. The awards and designations are the opinions of the respective parties conferring the award or designation and not of Sverica Capital Management. Sverica submitted a nomination to be considered for the Inc award, and paid a fee to participate and distribute the results. There can be no assurance that other providers or surveys would reach the same conclusion as the foregoing. Recognitions by third-parties are not indicative of future performance.

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Zyston LLC Announces the Strategic Acquisition of Blue Lava

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Zyston LLC Announces the Strategic Acquisition of Blue Lava

Dallas, TX – October 5, 2023   Zyston, a leading Managed Security Services Provider (MSSP) based in Dallas, Texas, is thrilled to announce its acquisition of Blue Lava, a Security Program Management SaaS solution designed collaboratively with the CISO community.

Zyston’s acquisition of Blue Lava marks a strategic move to further enhance its Cybersecurity Performance Management (CPM) offering by integrating Blue Lava’s capabilities into Zyston’s industry leading CyberCAST security program maturity software. CyberCAST helps security and risk leaders to assess and manage the performance of cybersecurity programs using a risk-based, outcome-driven approach. It also helps organizations quantify the impact and effectiveness of their security investments while identifying gaps in security performance.

Demetrios (Laz) Lazarikos, Founder of Blue Lava acknowledges “Zyston and Blue Lava have very similar visions – building products and services with, by, and for the CISO community. The Zyston acquisition will allow us to continue empowering security leaders to communicate effectively about their cybersecurity program in the language of the business.”

Zyston CEO, Craig Stamm agrees “Blue Lava is a pioneer and early leader in security performance management. By combining the Blue Lava platform with Zyston’s CyberCAST technology, we will significantly enhance our capabilities and advance our efforts to shape the market in this space.”

“When Sverica made its investment in Zyston in June of this year, we believed that Zyston and its leadership team would provide a strong foundation as a platform investment in the cybersecurity space. The acquisition of Blue Lava represents another step in the execution of that strategy.” said Frank Young, Managing Partner at Sverica.

Today’s acquisition of Blue Lava emphasizes Zyston’s commitment to delivering comprehensive end-to-end services for building and operating cost-effective information security programs.

About Zyston

Zyston is a managed services provider dedicated to providing businesses with a comprehensive range of end-to-end services required to build and operate a mature and cost-effective information security program. The company combines consulting, staffing, managed security services, and AI-driven software to provide superior cyber program management. For more information, visit www.zyston.com.

About Blue Lava

Blue Lava manages the business of security. Built by a team of tenured security operators, Blue Lava is the industry’s first security program management platform, guiding CISOs to measure, optimize, and communicate their programs with confidence and ease. Blue Lava has built long-term relationships with customers, earning the trust of executive teams across various industries, from small businesses to global enterprises. For more information, please visit bluelava.io.

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Resonetics Completes Acquisition of Memry and SAES Smart Materials

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Resonetics Completes Acquisition of Memry and SAES Smart Materials

Nashua, NH – October 2, 2023  Resonetics announced today that it has completed the previously announced acquisition of Memry Corporation and SAES Smart Materials, Inc. from SAES Getters S.p.A., Milan, Italy. Memry Corporation and Smart Materials are recognized leaders in the nitinol supply chain for the medical device industry with operations in Bethel, Connecticut, New Hartford, New York, and Menlo Park, California. Both companies will be rebranded as Resonetics. 

“Memry and SAES Smart Materials have built a legacy as critical suppliers of nitinol mill products, semi-finished materials, and complex components and implants to the medical device industry,” said Kevin Kelly, President and CEO of Resonetics. “Nitinol is a key growth driver for Resonetics, and we’re excited to expand upon our existing nitinol processing capabilities with these acquisitions so that we can provide a more complete and cost-effective nitinol solution. We believe that further investment in both businesses will allow us to expand our capacity and capabilities so that we can better serve the needs of our customers and build upon their strong market potential.” 

“Resonetics establishes technology expertise in key areas and supports customers with quick turn prototyping and process development through our network of Lightspeed Labs,” said Kevin Hartke, Chief Technology Officer at Resonetics. “The addition of Memry and SAES Smart Materials adds important nitinol material knowledge and proficiency in melt to component manufacturing. We will implement our Lightspeed Lab franchise model and establish a new lab at the Bethel, Connecticut facility with dedicated engineers and equipment to help customers reduce time to market with faster prototyping and direct collaboration with our engineers.” 

With three facilities in the United States and a workforce of approximately 600 employees, Memry and Smart Materials will advance Resonetics’ position in the nitinol material conversion market for new and emerging medical device technologies across some of the most dynamic market applications in the industry. The Memry business will add extensive electric discharge machining capabilities, additional laser processing, centerless grinding, and nitinol tubing, sheet, and wire fabrication. The Smart Materials business creates nitinol material from nickel and titanium and converts it into various form factors. 

Nitinol is enabling many technological advances in a growing array of therapeutic areas including structural heart, peripheral vascular, electrophysiology, neurovascular, and orthopedics. Resonetics has existing nitinol centers of excellence in San Diego, California, and Or Akiva, Israel with a focus on laser cutting, laser welding, braiding, shape setting, and electropolishing. In addition, Resonetics is a leader in centerless grinding of nitinol wire with operations in Blaine, Minnesota and Alajuela, Costa Rica. 

About Resonetics

Founded in 1987, Resonetics is a pioneer in advanced engineeringproduct development, prototyping, and manufacturing solutions for the life sciences industry. Resonetics is a leader in laser processing, nitinol processing, centerless grinding, thin-wall stainless steel & precious metal tubing, photochemical machining, microfluidics, sensor solutions, and medical power. With strategically located AGILE Product Development centers and Lightspeed Labs, Resonetics is committed to quality, speed, innovation, and a great customer experience. The company is ISO 13485:2016 certified with 17 facilities and more than 2,600 associates in the United States, Canada, Costa Rica, Israel, and Switzerland. Resonetics is backed by leading private equity firms Carlyle and GTCR. Learn more at www.resonetics.com. 

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Sverica Capital Management Announces GrowthCap Award of Top Private Equity Firm of 2023

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Sverica Capital Management Announces GrowthCap Award of Top Private Equity Firm of 2023

Boston, MA, Austin, TX and San Francisco, CA – September 26, 2023 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has been included as a Top Private Equity Firm of 2023 as decided by GrowthCap.  

GrowthCap describes the list as being, “comprised of the best private equity firms at scaling companies—they are growth focused. They represent various segments of the market from large cap to middle market to emerging growth and they are either multi-sector or focused on a single sector such as software or technology. Many of the firms are long-standing pillars of the private equity industry while others have been scaling rapidly over the past one to two decades or have chosen to stay specialized in their particular market niche.”

“Since inception, we have specialized in partnering with emerging and founder-based businesses, scaling them to their full potential, and putting the leadership and infrastructure in place to ensure their continued success long after our divestment. Sverica was founded specifically for entrepreneurs who know what it takes to be successful, who put people first, who have worked hard to build a unique business, who push the boundaries within their industry, and who choose to partner with seasoned professionals who have shared values but different talents and perspectives.  We are honored to be recognized by GrowthCap for this award,” said Dave Finley, Jordan Richards, and Frank Young, Sverica’s Managing Partners.

Disclosure Note:  Selections for the award are based on GrowthCap’s, evaluation of each firm’s reputation, CEO’s, limited partners and other general partners, the degree to which a firm helps its portfolio companies, overall firm growth and performance and commitment to ESG, among other factors. To view the full list of honorees and read more about the selection methodology, visit GrowthCap’s website.  The awards and designations are the opinions of the respective parties conferring the award or designation and not of Sverica Capital Management.  Sverica submitted a nomination to be considered for the GrowthCap award, and once selected, paid a fee to participate and distribute the results.  There can be no assurance that other providers or surveys would reach the same conclusion as the foregoing.  Recognitions by third-parties are not indicative of future performance.

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Gorilla Logic Announces Drew Naukam as CEO and Bolsters Leadership Team

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Gorilla Logic Announces Drew Naukam as CEO and Bolsters Leadership Team

Broomfield, CO WEBWIRE – Tuesday, September 26, 2023 Gorilla Logic, a leading digital product engineering services firm, today announced three appointments to its leadership team, effective immediately.

Software consulting industry veteran Drew Naukam has joined the company as CEO. Naukam is a senior executive passionate about the business of building great software. He spent more than a decade at Hitachi Consulting in various software and product engineering leadership roles including the management of the company’s Product Engineering Services business unit. He spent three years with GlobalLogic running the global Commerce and Technology business unit. Most recently, he was the Chief Growth Officer at Ness Digital Engineering, where he helped lead a successful sale of the business to KKR.

“I am delighted to join the Band of Gorillas, and was drawn by the company’s reputation for its technical delivery and top quality service,” said Naukam. “The Gorillas’ expertise in building world-class software has resulted in the ability to serve clients like no other. Going forward, we see demand for modern product engineering continuing to grow as AI accelerates the amount and pace of innovation. Gorilla Logic is uniquely positioned to deliver solutions and offerings that help our customers benefit from that innovation.”

Gorilla Logic’s Dave Barr has been promoted to Chief Delivery Officer and will focus on building and managing the company’s high performing product development and services delivery organizations across the U.S. and Latin America. Barr has more than 20 years of experience leading software engineering and operations in high growth companies. He joined Gorilla Logic in 2021, and continues to work with the team to implement the solutions delivery strategy to support the company’s objectives.

“Gorilla Logic has built an excellent foundation with exceptional technical talent. I look forward to helping our clients solve today’s most complex challenges through innovation and next-level solutions delivery,” commented Barr.

Chris Johnson has been appointed Chief Revenue Officer to drive Gorilla Logic’s next phase of growth. Johnson previously served in business development, sales, and customer success roles at Gorilla Logic and rejoins the company, bringing his extensive global industry knowledge, keen understanding of customer needs, and recent experience as CEO of an international technology organization.

“Gorilla Logic is a pioneer in the nearshoring space with dedicated Agile teams. I’m excited to be back with the Band of Gorillas as we head toward the next evolution of the business. In my recent industry experience, I’ve learned just how special and unique a place Gorilla Logic is and I’m incredibly excited to be back and working with Drew and the team,” said Johnson.

As Gorilla Logic advances its support for clients’ product roadmaps and builds, it continues to be at the forefront of new technologies including AI, cloud, and modern engineering techniques. To meet the needs of the rapidly evolving market, the company is focused on delivering strategic solutions that solve customers’ most complex challenges, enabling them to innovate and grow.

About Gorilla Logic

Gorilla Logic provides product development expertise to Fortune 500 and mid-sized companies, bringing unparalleled expertise across a wide range of modern technologies. Our highly collaborative, Agile Gorillas are uniquely qualified to implement complex software initiatives, and are skilled at large Agile implementations as well—we’re a Scaled Agile® Silver Partner. With offices in the United States, Costa Rica, Colombia, and Mexico, Gorilla Logic helps clients accelerate their product roadmaps and gain competitive advantages to achieve better results faster.

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Stream Companies Hits Sweet 16th Recognition on Inc. 5000 Fastest Growing Companies List

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Stream Companies Hits Sweet 16th Recognition on Inc. 5000 Fastest Growing Companies List

West Chester, PA – August 31, 2023 Stream Companies, announced today that the leading full-service, integrated, tech enabled advertising agency, has been named on the 2023 Inc. 5000 annual list of the fastest growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.

This is the sixteenth year the advertising agency is recognized, an accomplishment only shared by ten companies nationally. With a proven record of 26 years of consecutive growth and three-year revenue growth of 120%, through the most challenging of markets for the advertising sector, Stream Companies has no intentions of slowing down.

“This accomplishment is a testament to the relentless dedication and creativity of our entire team, our commitment to true partnership with our clients, our collective focus on data and innovation, and our commitment to doing the ordinary extraordinarily well,” said David Regn, CEO of Stream Companies. “Our 16th win is certainly a significant milestone. To say that we are proud would be an understatement.”

While the last three years bore challenges for many agencies, Stream’s ability to pivot provided avenues to not only survive, but thrive. A recent yet significant factor in Stream Companies’ continued growth has been their investment into innovative first party data solutions and partnerships and early adoption of household-based media activation.

The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.

“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”

More about Inc. and the Inc. 5000 Methodology

Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.

About Inc.

Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced   every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com. For more information on the Inc. 5000 Conference & Gala, slated for October 31-November 2 in San Antonio, visit http://conference.inc.com/.

About Stream Companies:

Stream Companies is a full-service, fully integrated, tech-enabled advertising agency. With over 26 years of experience in advertising and digital marketing and numerous accolades of Inc 5000, Best Companies to Work For, Healthiest Employer and more, Stream Companies uses a data-driven and solutions-oriented approach to deliver retail traffic and results to businesses across the U.S.

Stream has partnered with over 2,000 businesses in numerous industries, including automotive, education, healthcare, and finance. Automotive clients include some of the biggest publicly and privately-owned companies in the United States.
To learn more about Stream’s offerings, visit http://www.streamcompanies.com

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Coastal Cloud Named Among the Inc. 5000 Fastest Growing Companies

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Coastal Cloud Named Among the Inc. 5000 Fastest Growing Companies

Palm Beach, FL –  August 27, 2023 – We’re thrilled to announce that Coastal Cloud has been named one of the fastest-growing private companies by Inc. Magazine for the 2nd year in a row! And, on top of that, included by Inc. Magazine in a small set of companies that “Get How Happiness Drives Employee Productivity!”

Coastal Cloud Ranks Among the Fastest Growing Companies in the U.S., to learn more about Coastal Cloud click here. 

 
 
 
 

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First Stop Health Recognized on Inc. Magazine’s 5000 Fastest Growing Companies List

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First Stop Health Recognized on Inc. Magazine’s 5000 Fastest Growing Companies List

Chicago, IL –  August 22, 2023 First Stop Health (FSH), a leading virtual care company, has been recognized on Inc. Magazine’s annual list of 5000 Fastest Growing Companies list. This achievement highlights FSH’s exceptional year-over-year growth and the virtual care company is honored to be recognized for its 6th consecutive year. 

Teira Gunlock, CEO of FSH, said “We have a disciplined approach to growth and it’s rewarding to see the team achieve such great results each year. With more growth comes the opportunity to do more for our patients, with the same steadfast commitment to them.” 

This growth is indicative of the strong employee benefit consultant and employer-client relationships we nurture. With an inherent dedication to providing the best healthcare experiences for our members, we address market demand and, in turn, bolster our growth each year,” said Chief Growth and Strategy Officer, Elena Gambon.  

Inc. listed FSH at number 2,606 for its 209% 3-year growth. FSH experienced an increase of 46% of annual recurring revenue (ARR) and 32% employer-client growth in 2022. The FSH team also grew by nearly 30% in the past year. The virtual care company plans to achieve similar success in 2023 due to its innovative Virtual Primary Care solution, ongoing enhancements to its other virtual care programs, and its new strategic partnership.  

FSH has been named on an Inc. list for 6 years in a row, including 2018 through 2022 as one of the fastest growing private companies on the Inc. 5000 list. FSH was named one of Inc. Magazine’s Best Workplaces of 2022 and 2023. 

FSH is thrilled and honored to be recognized among the other remarkable organizations. Inc. 5000 Fastest Growing Companies are ranked based on percentage revenue growth from 2019 to 2022. To be considered, companies must be privately held, for-profit and independent (not a subsidiary or division of other companies).  

To learn more about First Stop Health, visit www.fshealth.com. 

About First Stop Health 

First Stop Health (FSH) provides care that people love® with various digital healthcare services. Patients can access virtual care 24/7 via app, website or phone. We help them save time and money with safe, convenient, high-quality virtual care solutions – Primary Care, Urgent Care & Mental Health. FSH was named one of Inc. Magazine’s Best Workplaces of 2022 and 2023, and ranked one of the fastest-growing private companies for the past 5 years by Inc. 5000. In 2023, FSH was also recognized in Crain’s Chicago Business Fast 50 as one of the Chicago-areas’ fastest growing companies and as a 2023 Well-Being Trailblazer presented by Archetype and WELCOA. 

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