Arrow Named to Inc. Magazine Top 500 Fastest Growing Privately Held Company

Arrow is proud to announce that we have been named to Inc. Magazine’s – Top 500 Fastest Growing Privately Held Companies in the U.S. This is the second year in a row Arrow has been recognized. This year’s ranking of #265 is a significant improvement over last year (#423). Addressing senior management, President and CEO Jack Lavin stated “This is a true testament to the effort, commitment and teamwork of each and every one of you and the rest of the Arrow family. I want to thank you for helping us achieve this milestone and recognition.” The ranking is based on the percentage increase in revenues from 1997 through 2001 with a five year operating or sales history that included an increase in 2001 revenues over 2000 revenues.

Arrow Financial Services LLC is an accounts receivable management firm with offices in Chicago, Wisconsin, San Diego, Maryland and New York with over 1,200 employees. We specialize in pricing, servicing and acquiring performing and non-performing receivables. In August 2002, Arrow took on a new partner, Parthenon Capital – a leading middle-market private equity firm located in Boston and San Francisco, which provides growth capital, strategic guidance and operating expertise. With this newly formed alliance, Arrow is positioning itself to take the lead in the industry. For more information about Arrow, please visit our website at www.arrow-financial.com.