Consolidated Asset Recovery Systems’ fourth appearance on the Triangle Business Journal’s annual Fast 50 list is also its first time coming in at No. 1, representing the top of the top of the fastest-growing private companies in the Raleigh-Durham area.

The company was founded by two software supply chain experts, Steven Norwood and Terry Groves, in 2005.

“We have a long history of growth and profitability,” Norwood said. “Our financial stability in the industry makes us the partner of choice for many service providers such as repossession, skip trace, door knock and auction agents. We are extremely grateful to our employees, customers and partners for helping make us the number one company on this year’s TBJ Fast 50 list.”

The Triangle Business Journal selects and ranks its Fast 50 winners annually based on a formula that counts revenue growth and profitability in the preceding three years – in this case, 2012 through 2014. The results and rankings were analyzed and verified by PwC, an accounting firm.

To find out more about CARS, visit its site here.