Family-owned businesses are becoming more rare, but civil engineering firm Wantman Group Inc. in West Palm Beach, started by Joel Wantman in 1972, continues to thrive and grow.
Wantman Group (WGI) was named to the University of Florida’s 2016 Gator100 during a ceremony Feb. 19 at UF’s J. Wayne Reitz Union Grand Ballroom. Sponsored by UF, the Warrington College of Business and the Entrepreneurship & Innovation Center, the Gator100 recognizes the 100 fastest-growing businesses owned or led by UF alumni. Ernst & Young calculated each company’s compounded annual growth rate (CAGR) over the past three years to generate the ranking.
WGI was ranked 37th with a compound annual growth rate (CAGR) of 47.7 percent.
As an award-winning multidisciplinary consulting firm, WGI has eight offices throughout Florida and specializes in the following disciplines: Land Development/Municipal Engineering, Transportation Engineering, Surveying and Mapping, Subsurface Utility Engineering, Structures, Water Resources, Landscape Architecture, Environmental Sciences, Land Planning and Creative Services.
Receiving the award at the Gator100 event was WGI’s Brian LaMotte, PE, Vice President of Business Development and Marketing, a UF graduate of the College of Engineering (Environmental).
“I am very proud that WGI was selected to the Gator100” said David Wantman, PE and president, as well as a graduate of UF’s College of Engineering/Civil Engineering program with a Bachelor of Science degree. “It is further recognition that WGI has grown at a rapid pace over the last eighteen months – and we’re on the path to continue that growth trajectory.
“I can’t help but be pleased that my alma mater has bestowed this award upon us,” he added.
“The Gator100 is an important initiative that recognizes entrepreneurial excellence,” said Dr. Michael Morris, the Academic Director of the entrepreneurship program at UF. “It is open to any and all companies founded or run by Gator alumni, and recognizes those who are achieving growth, innovating, and making a difference in their communities.”
To qualify for the Gator100, companies must have been in business for five years or more as of Oct. 1, 2015, and have had verifiable annual revenues of $250,000 or more in 2012. Additionally, a UF alumnus or alumni must have met one of the following three leadership criteria:
- Owned 50 percent or more of the company from Jan. 1, 2012, through Oct. 1, 2015; or
- Served as company’s chief executive from Jan. 1, 2012, through Oct. 1, 2015; or
- Founded the company and been active as a member of the most senior management team from Jan. 1, 2012, through Oct. 1, 2015.
View the full list of Gator100 honorees at gator100.ufl.edu.
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