MELBOURNE, Fla.–(BUSINESS WIRE)–#radar—TSS Solutions, an Acorn Capital Management Company, has been selected as an honoree for the 14th Annual GrowFL Florida Companies to Watch Award. The prestigious program recognizes outstanding second-stage companies for their contributions to Florida’s economic landscape.
The 50 honorees, chosen from more than 500 nominees, represent a diverse range of industries, all demonstrating impressive growth potential. TSS Solutions was recognized for its innovative products and services, strong leadership, and dedication to making a positive impact locally and statewide.
“TSS Solutions is proud to accept this honor as a GrowFL Florida Company to Watch,” said Don DiFrisco, President and CEO of TSS Solutions. “This award is a testament to the men and women who make up our TSS team. Their industry-leading expertise, spirit of collaboration, and commitment to innovation have shaped our workplace culture and continue to fuel our success.
“TSS Solutions is among the growing number of companies bringing high-tech defense contracts and the associated tech jobs to Florida,” DiFrisco added.
GrowFL announced the 50 honorees following a rigorous judging process by a panel comprising past honorees, entrepreneurs, economic development professionals, and Florida business leaders.
Companies were evaluated on a comprehensive set of criteria including:
- Growth in employment
- Impact on job creation
- Sales growth
- Financial performance
- Innovation in products or services
- Response to adversity
- Community Involvement
For eligibility, companies must be headquartered in Florida with six to 150 employees and annual revenue between $750,000 and $100 million. Over the past four years, these honorees collectively generated nearly $2 billion in revenue and created 1,462 jobs, reflecting a remarkable 180 percent revenue increase and 127 percent job growth. This translates to an average annual revenue growth of 45 percent and 32 percent employee growth.
“The unwavering growth and resilience of Florida’s entrepreneurial community continually inspires me,” said Marius Dobren, Chair of the GrowFL Florida Companies to Watch Awards Committee and President of Sawgrass Financial. “These honorees have consistently demonstrated a remarkable commitment to growth and success. Like their predecessors, they have met challenges with resilience, pushed the boundaries of their industries, and inspired their teams to achieve extraordinary results.”
The official recognition of TSS Solutions and its fellow honorees will take place at an awards gala on February 27, 2025, at the Hard Rock Live in Orlando, FL. For information or to purchase tickets, visit https://growfl.com/about-growfl-flctw/registration/.
The 14th Annual GrowFL Florida Companies to Watch awards program is brought to you by Nperspective CFO & Strategic Services, in association with the Edward Lowe Foundation.
GrowFL is Florida’s premier organization dedicated to accelerating the success of second-stage companies. We equip these high-growth businesses (with at least 6 employees and $750,000 in revenue) with the tools and connections they need to overcome unique challenges and achieve their full potential. Through our diverse programs and proven methods, GrowFL empowers Florida’s second-stage companies to drive economic prosperity throughout the state. GrowFL.com
TSS Solutions is the defense electronics leader in upgrading, reengineering, repairing, and operating ground-based tactical and fixed-position radar and SATCOM systems. TSS Solutions serves the global defense, telecommunications, and commercial industries. The Company is committed to building innovative products and delivering world-class engineering and technical services to support customers’ missions globally. The team at TSS Solutions proudly supports the United States and its allies who protect national interests and preserve freedom and stability around the world. TSSsolutions.com.
Acorn Capital Management is a middle-market private equity firm focused exclusively on Aerospace, Defense, and Intelligence. Acorn invests solely in operating companies that strive to enhance global mobility and protect national interests. Acorn has a formidable reputation in the industry and is recognized for its deep understanding of the Aerospace and Defense markets, with proprietary access to the best companies within these sectors. With operational expertise and its ability to lead and manage investments through variable economic and industry cycles, Acorn works with management to build its portfolio companies into significant market leaders. Acorncapitalmanagement.com
Contacts
Paul Lefton, TSS Solutions
321.242.0000
[email protected]
