Association for Corporate Growth South Florida Announces ABB OPTICAL GROUP the Outstanding Growth Company of the Year

FORT LAUDERDALE, Fla., May 21, 2018 (Newswire.com) - The South Florida Chapter of the Association for Corporate Growth (ACG-South Florida) has named ABB OPTICAL GROUP as the recipient of the Outstanding Growth Company of the Year Award for the company's continued outstanding revenue growth as a large company.

ABB OPTICAL GROUP is led by founder and CEO Angel Alvarez, who oversees the strategic direction and vision of the South Florida-based optical company. With more than 1,000 employees in eight locations nationwide, ABB OPTICAL GROUP is a leading distributor of optical products, supplying nearly two-thirds of eye care professionals across the country with brand-name contact lenses, specialty contact lenses, ophthalmic lenses and more. The company also provides business-building services for its customers such as pricing strategy tools, as well as practice management solutions through its Primary Eyecare Network division. ABB OPTICAL's DIGITAL EYE LAB Network utilizes cutting-edge technology to produce eyewear that is personalized to patients' needs and lifestyles.

ABB OPTICAL GROUP and our other 2018 award winners represent some of the best businesses in South Florida. Join us to honor these exceptional performing companies.

Ari Rolioff, President, ACG-South Florida

"We are honored to be recognized by the Association for Corporate Growth with this prestigious award," said Brad Weinbrum, president of ABB OPTICAL GROUP. "We share this award with our entire ABB OPTICAL team. They are passionate, accountable and customer-focused and that is what has helped our company grow to where it is today. Together as one team, we strive for excellence, doing whatever we can to drive success for our customers."

Founded in 1989, the company experienced rapid growth and expansion in the 1990s and 2000s through the acquisition of several regional contact lens companies, most notably CON-CISE Contact Lens Company in California, which established ABB CONCISE as the largest contact lens distributor in the United States. In 2012, private equity firm New Mountain Capital of New York recapitalized ABB CONCISE to support continued growth and expansion. Later that year, ABB CONCISE and Optical Distributor Group, the second-largest contact lens distributor in the nation, merged to become ABB OPTICAL GROUP. An acquisition of Diversified Ophthalmics Inc. and partner company MidSouth Premier Ophthalmics in 2016 expanded ABB OPTICAL's logistics stronghold along the East and West coasts into the central U.S., increasing the company's geographic footprint across several Midwestern states. ABB OPTICAL GROUP generates more than $1 billion in revenue annually.

ABB OPTICAL previously received ACG-South Florida's Deal of the Year award in 2014 and its Emerging Growth Company of the Year award in 2008.

ACG-South Florida's Annual Awards Banquet

The Outstanding Growth Company of the Year award will be presented along with several other awards to South Florida's leading businesses. In addition to ABB OPTICAL GROUP, honorees include e-Builder - A Trimble Company and SMP Pharmacy Solutions as Emerging Growth Companies of the Year, Chewy Inc. and Modernizing Medicine for Transactions of the Year and H.I.G. Capital, which will receive the President's Private Equity Award.

A cocktail reception, awards dinner and post-event reception will be held at the Westin Fort Lauderdale, located at 400 Corporate Drive in Fort Lauderdale, on Thursday, June 21, beginning at 5:30 p.m. Tickets to the event cost $150 for members and $175 for non-members and can be purchased at ACG.org/SouthFlorida. Information about the ACG-South Florida Awards Banquet, including purchases of sponsorships, advertising and tickets, can be obtained from President Ari Roloff (954-732-1291; [email protected]), Chapter Executive Elena Djakonova (954-947-6080; [email protected]) and Awards Committee Chairman Thomas Hicks (954-415-639; [email protected]) and from the ACG-South Florida website: www.acg.org/southflorida.

Founded in 1954, the Association for Corporate Growth Inc. ("ACG") is the premier global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. ACG has over 14,500 members from corporations, private equity, finance and professional service firms representing Fortune 500, Fortune 1000, FTSE 100 and middle-market companies through chapters in North America, Europe and Asia. These leaders are focused on building value. ACG serves 90,000 investors, executives, lenders and advisers to growing middle-market companies.

Source: Association for Corporate Growth - South Florida