High growth

The Metropolitan Milwaukee Association of Commerce (MMAC) and its Council of Small Business Executives (COSBE) recently named the “Fastest Five” growing companies of its 2011 Future 50 award winners. They are:

BizLab Inc.

Founded in 2004, BizLab specializes in Internet marketing and advertising. It starts or acquires small, Internet-based businesses and then fosters their growth. The company, located at N56 W13365 Silver Spring Road in Menomonee Falls, says it has grown as a result of talent acquisition and employee leadership. BizLab owner and CEO Jeff Hughes projects 2011 revenue will be about $22 million, and the company plans to make an acquisition soon to further its growth.

Franklin Energy Services LLC

Franklin Energy manages utility energy efficiency programs for utility companies and government agencies. The company, founded in 1994 and located at 102 N. Franklin St. in Port Washington, allows customers to provide energy efficiency and renewable energy programs to both their business and residential electric and natural gas customers. Because many power plants are operating at or near capacity and regulations have started to require energy efficiency programs, many utilities are now interested in reducing demand on existing operations, according to CEO Paul Schueller. This increased demand has fueled Franklin Energy’s growth.

Health Payment Systems

Health care technology provider Health Payment Systems was founded in 2005 to serve Wisconsin businesses that self-insure for health insurance. The company, located at 735 N. Water St. in downtown Milwaukee, combines all health care bills into one monthly statement to make the health payment system easier for consumers, employers and health care providers. HPS says its ability to bring clarity to health care confusion has fueled its growth, and the company plans to expand its product reach throughout Wisconsin in the coming months. HPS executives project 2011 revenue of $10 million for the company.

Herzing Inc.

Herzing University, based in Milwaukee at 525 N. Sixth St., offers adult education, from certificates to master’s degrees, in technology, business, health care, design and public safety. Founded in 1965, the company projects $124.5 million in revenue in 2011. During the recession, Herzing was able to grow as out-of-work adults returned to school to gain new jobs skills.

TRC Global Solutions

As a comprehensive employee relocation provider, TRC targets Fortune 1000 and Forbes 400 private companies from its Milwaukee headquarters. Founded in 1987, TRC also focuses on international assignment management services in more than 150 countries. The company’s growth has been fueled by technology and personnel investments during the economic downturn, with a focus on process excellence. These investments helped TRC improve access to information and overall capability for its clients. TRC is located at 1042 E. Juneau Ave. in Milwaukee, and also has offices in Colorado, Connecticut, Germany and China.

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