Middle-market companies showing rapid growth
If the conventional wisdom is valid, the once-ubiquitous American middle class is fading into oblivion. A Google search of the phrase disappearing middle class yields more than 200,000 hits.
The middle class’s counterpart in the business sector, the “middle market,” seems to be traveling the same path — in the opposite direction.
For decades, middle-market companies — typically defined as those with annual revenue of $5 million to $1 billion — have been all but invisible to the general public.
“Because most middle-market companies are privately held, they do not appear in the indices watched by investors, and they are under-represented in databases and news stor-
ies as well,” the CIT Group said last year in a report on the sector.
“The ‘middle market’ is to the U.S. economy what North America was to Christopher Columbus: a giant, incredibly important, heretofore ‘undiscovered’ but now unavoidable and centrally important part of the world’s landscape,” longtime middle-market entrepreneur Dave Maney wrote last week in a guest commentary for CNBC.com.
Posted: 05/19/2013 12:24:00
Posted: 05/17/2013 08:09:00
Posted: 05/09/2013 02:52:00
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