(Rancho Santa Margarita, CA, September 22, 2023) US Alliance Group, Inc (USAG), parent company to Electronic Cash Systems (ECS Payments), revolutionizing the payment processing industry, today announced it has once again secured a spot on the prestigious Orange County Business Journal’s Fastest Growing Private Companies list for the 7th time.
The list accounts for a total revenue growth of 54%, equalling $19.9 billion over a two-year period. The large company category, earning a revenue of $100 million or more, that which USAG is a part of, had a 51% increase to $18.3 billion with 12 combined companies. These businesses have a huge impact on Orange County residents and their employees.
USAG, parent company ECS Payments, ranked number 5 out of 12 fastest-growing large private companies since 2021. USAG has had a 2-year revenue growth of 68.5%. Its revenue has increased from $67.7 million in June 2021 to $114.1 million in June 2023. Its employee count has grown from 56 in June 2021 to 78 in June 2023. Though a small company in personnel, its revenue speaks for itself to claim a spot in the large private company category.
“As we are celebrating 26 years in business since the creation of ECS in September 1997, to receive this prestigious award, I am honored and thankful to God, my wife, and my family, who push me to surround myself with the most talented colleagues. I owe all the growth to my incredible team. Without them, we can never achieve any of this success.” – Fadi Cheikha, CEO, USAG, ECS.
What sets the companies on this exclusive list apart is their industry competitiveness and adaptability within the market. USAG not only stands out above the average company but has also outperformed its mid-size status, achieving substantial revenue growth and reaching the “Large Private Company” category, with earnings exceeding one million dollars.
This huge accomplishment is a testament to the sheer dedication of each member of the USAG and ECS family. Their unwavering commitment and relentless pursuit of excellence have made this extraordinary achievement possible. USAG is a company that knows how to pivot amidst challenges and adapt through adversity, redefining success at every turn. Its ongoing mission is to shape the future of the payment processing industry, establishing new standards that serve as inspiration for those who follow.
For more information on the Orange County Business Journal’s Fastest Growing Private Companies list of 2023, visit https://images.ocbj.com/wp-content/uploads/2023/09/Fastest-Growing-Private-Cos.pdf
