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Growth Companies

Growth Companies

 

 

Ark Insurance Solutions, LLC
801-505-5500
Majority Owners:
Rebecca Yates           
Kirk Chester
Seth and Brandon Scott
Torry Wilcox
Westminster Alumni:
Rebecca Yates (’99)
Kirk Chester (’00)
Launched in 2009
Number of Employees other than Owner: 5
Approximate Yearly Revenue: $100,001-$500,000
Industry: Insurance (Other)
Company Overview: We offer a wide range of product options, including traditional HMO plans, PPO plans, and HSA-compatible plans. We specialize in helping you design the best package for your needs and budget.  Because we are a broker, we can represent all of the carriers in the marketplace. We also provide full consulting and optimization analysis for Health Care Reform.
Future Growth Plans: We are currently expanding with a new product that will help employers navigate Health Care Reform and actually save money. We will also be opening multiple locations.

 

Chocolot
801-475-5050
Majority Owners:
Ruth Kendrick           
Ryan Kendrick
Westminster Alumni:
Ryan Kendrick (’10)
Launched in 2008
Number of Employees other than Owners: 2
Approximate Yearly Revenue: $50,001-$75,000   
Industry: Food & Beverage
Company Overview: We produce incredible chocolates and confections that are unlike anything else produced in Utah. Our chocolates are beautiful and delicious, and we source as many ingredients locally as possible. We are able to customize our chocolates with custom logos and monograms for corporate and special events.
Future Growth Plans: We continue to grow the business, particularly in the corporate and gift areas. We continue to develop wholesale relationships with numerous retailers along the Wasatch Front.
Major Accomplishments: We are two-time recipients of Salt Lake Magazine's Best of The Beehive award. We received the 2012 Master Chocolatier award from the International Chocolate Salon and we were named the Most Gifted Chocolatier in the 2011 Chicago Chocolate Salon. We were recognized in the Utah Student 25 in 2009 and 2010 as one of Utah's top student-run businesses.

 

Club V Volleyball
801-637-2032
Majority Owners:
Matt Carlson
Reed Carlson
Westminster Alumni:
Matt Carlson (’11)
Launched in 2009
Number of Employees other than Owners: 19
Approximate Yearly Revenue: $500,001-$1,000,000
Industry: Recreation (and Entertainment)      
Company Overview: Train, develop, and educate volleyball athletes looking to play at the collegiate level.
Future Growth Plans: Expand to 5 courts in our facility, 100% growth rate since 2009.
Major Accomplishments: Ranked nationally as one of the top clubs. Sponsorship from Molten. Placed in the top 10 at the Utah Student 25 for two years in a row.

 

Competition 4x4
801-836-7963
Majority Business Owner and Westminster Alumni:
Ryan Schoenrock (’12)
Launched in 2008
Number of Employees other than Owners: 1 to 2
Approximate Yearly Revenue: $100,001-$500,000
Industry: Manufacturing      
Company Overview:  Competition 4x4 is a manufacturer of 4x4 and motorcycle products. We provide businesses and end users with all the fabrication parts needed to complete their bumper, tire carrier, chassis, and motorcycle builds. We supply some of the largest 4x4 bumper and tire carrier manufacturing companies within the industry, including Aries Motorsports and Wilderness Racks.
Future Growth Plans: Competition 4x4 grew 177% in 2011 over the previous year and is on track to grow an additional 27% in 2012. We've added new high end equipment that is allowing us to expand our product line and manufacturing capabilities. In 2013 we'll expand our product offering further into the motorcycle parts industry.
Major Accomplishments: Because of the rapid growth and success of the firm, I was able to privately sell the company on October 15th, 2012 for an undisclosed amount.

 

D Street Marketing
801-231-4557
Majority Owners:
Peter Callister
Robert Lasater
Westminster Alumni:
Peter Callister (’07)
Launched in 2012
Number of Employees other than Owners: 2
Approximate Yearly Revenue: $500,001-$1,000,000
Industry: Advertising & Marketing (and Internet Marketing Services)
Company Overview: We believe good companies fail because they don't have right tools to connect to customers. D Street Marketing provides reasonably priced, internet marketing solutions to help its clients connect to more clients and realize success. Our core services include SEO marketing, website design & creation, content production, pay-per-click campaign management, and social media marketing.

 

Focus Clinical Research, LLC
801-673-3070
Majority Owner and Westminster Alumni:
Dustin Jackson (’11)
Launched in 2010
Number of Employees other than Owner: 5
Approximate Yearly Revenue: $500,001-$1,000,000
Industry: Medical
Company Overview: We contract with Pharmaceutical companies to execute their human clinical trials for new the new pharmaceutical products seeking FDA approval.
Future Growth Plans: Gain more studies and pharma partners.
Major Accomplishments: 40% growth from year 1 to year 2.

 

Hangzhou Grace Envirotech Co.,Ltd
Majority Owners:
Yan Zou
Zunde Zou
Westminster Alumni:
Yan Zou ‘14
Launched in 2009
Number of Employees other than Owner: 12
Approximate Yearly Revenue: $500,001-$1,000,000
Industry: Manufacturing & Environmental Protection
Company Overview: We design, research, engineering and manufacture the dust filter felt, dust filter bags which is applied in baghouse filter system for smoke and gas filtration in steel plant, coal fired power plant, cement industry, ect. We also design and engineering the Baghouse Filter Sytem. The main market is the USA and other oversea countries.
Future Growth Plan: Now, we have a dust filter bag processing plant, and in the future, I'd like to set a filter medium and material factory. The  income each year will be up to USD $5,000,000. Good Rewards HR management ,and good accomplishment in sales in past years.

 

KMP staffing
801-255-1114
Majority Owners:
Marcus Hall
Thomas Rowe
Trevor Wood
Westminster Alumni:
Trevor Wood (’08)
Launched in 2009
Number of Employees other than Owners: 5 – 8
Approximate Yearly Revenue: $1,000,001+
Industry: Medical
Company Overview: We are a Full Service Healthcare Staffing firm specializing in recruitment of locum tenens physicians nationwide. We match skills, specialties, personalities, and career aspirations.
Future Growth Plans: Planning to hire qualified sales and recruitment professionals in 2013.
Major Accomplishments: Expecting 25%-50% growth in 2013.

 

Latitude Marketing Group
801-589-8442
Majority Owners and Westminster Alumni:
Osmond Seangsuwan (’08)
Rob Wintle (’08)
Launched in 2005
Number of Employees other than Owners: 48      
Approximate Yearly Revenue: 1,000,001+
Industry: Consumer Products & Services
Company Overview: Our main product has been Dish Network; however, we have strategically been increasing our DirecTV and Home Security sales each month to ensure that we are not fully dependent on just one product. We have also included additional home services such as internet, phone and cable. To monetize on each lead, we have also partnered up with a national credit repair company to ensure that those people that don’t qualify for our products and services have an opportunity to get something in the near future. With those products on hand for us to offer, we have the ability to take advantage of every inbound and outbound sale. We are currently installing over 20% of our inbound leads and working to increase that each day. Our agents know and understand that they should be qualifying every call that comes into the sales floor. Our product base, as well as future products to come are endless. We have simply created the ultimate sales and processing floor. There are currently other products we are researching.
Future Growth Plans: Our goal has simply to diversify our marketing, build long term relationships with companies that have had success in their own marketing mediums and take care of them with high close ratios, healthy commissions and constant feedback and communication. By doing so, we have done what other companies couldn’t do. We know that we are only good at certain marketing niches, while others are proficient at others. Partnering up with them has allowed us to be well diversified and secure in our growth model. As we look to increase our efficiencies within our own sales floors and increase customer satisfaction, we believe that our production and close rations will increase, as well as our commissions from Dish Network and DirecTV. Dish Network and DirecTV have already committed to paying us additional commissions for the months of April through August for the good performance we have shown to them. With our current and future sales strategy, we are poised for increased numbers and revenues.

 

MASSOX, LLC
801-347-4175
Majority Owner and Westminster Alumni:
Jeff Bischoff (MBA ’11)
Launched in 2011
Number of Employees other than Owner: 2
Approximate Yearly Revenue: $25,001-$50,000
Industry: Consumer Products & Services
Company Overview: Massox™ is a sock manufacturer that combines therapeutic Asian well-being with classic American style. Massox is initially launching men’s designer dress socks that contain patented therapeutic, acupressure massagers on the inside surface of the sock. Scientific evidence proves that acupressure therapy can help maintain and improve overall health and vitality.
Future Growth Plans: Massox will be launching a both an athletic and womens line at the beginning of 2013.
Major Accomplishments: Winner of the Westminster Opportunity Quest Competition. Winner of the UES Best Business Plan & Best Brand Awards.

 

MedicTech
801-733-1257 
Majority Owner and Westminster Alumni:
William Hoster ('11)
Launched in 2002
Number of Employees other than Owners: 2
Approximate Yearly Revenue: $100,001-$500,000
Industry: Medical
Company Overview: Manufacturing specialized Pre-hospital and imaging medical devices.
Future Growth Plans: Maintain current product line and expand marketing efforts through distribution to increase sales.
Major Accomplishments: Products have been adopted as standard of care in several US states.

 

Monolith Management
801-867-9021
Majority Owner and Westminster Alumni:
Chris Kilbourn (’12)
Launched in 2010
Number of Employees other than Owner: 15
Approximate Yearly Revenue: $100,001-$500,000
Industry: Entertainment
Company Overview: Monolith Management is a band management, consulting, and development agency with clients around the world. Monolith Management offers services such as record label and booking agency shopping, consultation, promotion, concert booking, and more.

 

 

MyCostumeWigs.com
801-389-0390
Majority Owner and Westminster Alumni:
Jeffrey Wright (’12)
Launched in 2008
Number of Employees other than Owner: 2
Approximate Yearly Revenue: $100,001-$500,000
Industry: Consumer Products & Services
Company Overview: Welcome to MyCostumeWigs.com, where you can find one of the largest collections of high-quality costume wigs available anywhere on the web. We have the best prices and fastest shipping in the industry. We offer free shipping for any order over $50 and we accept all major credit cards as well as PayPal. Each of our hundreds of wigs is adjustable with either a strap or an elastic band, so there's no need to worry about pesky sizing information. All of our products are made of either high quality synthetic fiber or human hair in order to provide the most true-to-character look possible. No matter what your faux hair needs may be, We are the gold standard source. Our products are great for Halloween, theater productions, parties and everything in between. Welcome to MyCostumeWigs.com, where your wig is our command.
Future Growth Plans: Growth model with a sales increase of 25% for the next 5 years. Ready to launch additional sites catering to different customers in the same Niche space.
Major Accomplishments: Aquired the business from previous owner based out of New York City. Utilized Westminster network to secure funding to adquire business. Using Westminster MBA to continue to grow the business.

 

Pure Life Expeditions
801-232-5568
Majority Owner and Westminster Alumni:
Andrew Taylor (’10)
Launched in 2004
Approximate Yearly Revenue: 0- $25,000
Industry: Travel
Company Overview: Pure Life Expeditions runs unique adventure tours deep into the rainforest of Costa Rica. It's perfect for the traveler looking to get a real and authentic cultural experience with their adventures.
Future Growth Plans: Pure Life Expeditions is looking at expanding into the corporate training and therapeutic industries. 

 

Rustic Lumber Company
801-698-1872
Majority Owner and Westminster Alumni:
Matt Edgington (’08)
Launched in 2009
Number of Employees other than Owner: 4
Approximate Yearly Revenue: 2,000,001+
Industry: Wholesale Trade
Company Overview: Wholesale rustic lumber products for those who enjoy the western architectural look.        
Future Growth Plans: 2014 goal is to expand into Austn, TX.  
Major Accomplishment: Over one million in sales by our second year.

 

Safespace Wildfire Mitigation Services

801-209-9480
Majority Owners:
Chris Searle
Dan Grolley
Westminster Alumni:
Chris Searle (BS ’93) (MBA ’10)
Launched in 2006
Number of Employees other than Owners: 6
Approximate Yearly Revenue: $100,001-$500,000
Industry: Government Services.
Company Overview: Provide fuel reduction projects for wildfire prevention to Government agencies and private homeowners.
Future Growth Plans: Working in a consulting role to prepare Community Wildfire Prevention and Readiness Plans. Conduct risk assessments for insurance agencies.
Major Accomplishments: We are the agency of record for the Utah Blaze Arena Football team for all their marketing and sponsorship management.

 

 

Sheer Ambrosia LLC
801-891-6242
Majority Owner and Westminster Alumni:
Sherrita Magalde
Launched in 2008
Approximate Yearly Revenue: 0- $25,000
Industry: Food & Beverage
Company Overview: Manufacturer and distributor of gourmet baklava.
Major Accomplishments: Was selected to make the baklava for the 2010 Salt Lake City Greek Festival.

 

Team Utah Snowboarding, Inc
801-647-5880
Majority Owner and Westminster Alumni:
Jacob Levine, Executive Director (Working on graduate degree)
Launched in 2009
Number of Employees other than Owner: 20 Seasonal.
Approximate Yearly Revenue: $100,001-$500,000
Industry: Other (Sporting Industry)
Company Overview: We provide a range of services for aspiring snowboard athletes with the mission of making the pursuit of the snowboard lifestyle more financially and logistically attainable for Utah residents. Services include on snow coaching for skill development and competition, travel opportunities, discounts on season passes and equipment, and career portfolio development opportunities.
Future Growth Plans: We currently operate out of 8 locations throughout the state, each location represented by a chapter of our organization. We are currently striving to grow our smaller chapters before we open any new chapters.

Major Accomplisments: Our business model is innovative for the space we occupy, and has been recognized regionally, nationally, and internationally. We have been featured on espn.com, twsnow.com, and malakye.com. Our athletes have achieved professional endorsements and multiple podium finishes on the World Cup level. 

 

Totally Tutoring
801.520.3861
Majority Owners and Westminster Alumni:
Jamie Cheney  ‘07
Joseph Cheney ‘14
Launched in 2010
Number of Employees other than Owners: 17
Approximate Yearly Revenue: $25,001-$50,000
Industry: Education  
Company Overview: Totally Tutoring tutors a variety of subjects. We tutor elementary, high, school and college students. You name it we tutor it! We specialize in building confidence. Our company's mission is to empower student's with knowledge. We are different from those "big box" tutoring companies. We hire the best of the best and we truly care about our students' progress and accomplishments. We make it cool to be a nerd!         
Future Growth Plans: Totally Tutoring seeks to increase the number of students we can offer our services to. We will grow our employee and client base through through outstanding tutoring and exceptional customer service. Tutoring focus areas will be in the math, science, and test prep categories.  
Major Accomplishments: Totally Tutoring has assisted many clients obtain stellar ACT scores to secure sport and academic based scholarships. Totally Tutoring was featured as a premier tutoring company on ABC4's Good Things Utah.

 

VICTIG
866-886-5644 
Majority Owner and Westminster Alumni:
Matt Visser (’09)
Launched in 2009
Number of Employees other than Owner: 14
Approximate Yearly Revenue: $2,500,000
Industry: Business Products & Services       
Company Overview: VICTIG provides innovative and progressive background screening solutions to employers, property managers, and affiliated partners directly and through API integrations.
Future Growth Plans: Keep up with demand.
Major Accomplishments: Cash flow positive from month 1. Business was started with $500.00 and no additional capital.