Crystal-Pierz wins growth award for third-straight year

MINNEAPOLIS – For the third-consecutive year, Crystal-Pierz Marine has been selected as a recipient the Business Journal “Growth 50 Award,” signifying the boat dealer as one of the 50 fastest growing private companies in the Twin Cities metropolitan area, the company said in a release this morning.

The “Growth 50 Award” is an annual publication of The Business Journal, a leading authority on area business news. Crystal-Pierz Marine climbed eight spots from its 2003 ranking, finishing in the 35th position.

About half of the 2004 Growth 50 companies returned from the 2003 list. Crystal-Pierz Marine was the only marine sales and service company to be recognized by the Growth 50.

“We are very excited about our success and look forward to 2005, which we foresee bringing continued growth in sales and revenue,” said Myron Kujawa, owner of Crystal-Pierz Marine. “We also anticipate the January opening of our new superstore in Rogers, Minn., to be one of many steps that will keep us on track for another great year.”

To qualify for the list, submitted companies have to be privately held and based in the Twin Cities nine-county metro area. The companies had to have at least $1 million in revenue in both 2002 and 2003, while showing continuous growth in the last three years. They were ranked according to total percentage of growth for that period.

The company, comprised of four boat dealerships in the Twin Cities metro area, and seven locations in out state Minnesota, North Dakota and Wisconsin, saw its three-year revenue grow by 64 percent from 2001 through 2003. The company expects similar results as 2004 comes to a close.

“From the technicians working on our boats, to the manufacturers and vendors who supply them, we’ve got a solid, dedicated team of professionals working hard to make our customers happy, which is the bottom line in building a strong, lasting business,” said Luke Kujawa, vice president of Crystal-Pierz Marine.

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