With 3-year revenue growth reaching an outstanding 239%, Source1 Purchasing is honored to rank in the top one-third of the Inc. 5000 (position 1580).

Source1 recognized the important role they could play in helping bring food to others as well, so they partnered with the nationally recognized Feeding America, a nationwide network of 200 food banks that leads the fight against hunger in the United States.

Source1 Purchasing, a leading national purchasing services organization for the lodging, leisure, restaurant and gaming industries, has been named a 2015 Florida Companies to Watch winner. Recently announced by GrowFL, the award honors 50 select second-stage companies from throughout the state for developing valuable products and services, creating quality jobs, enriching communities, and broadening new industries throughout Florida.

Source1 is among 50 statewide companies expected to see significant growth over the next several years, and was selected from more than 500 nominees for Florida Companies to WatchSM, a statewide program managed by economic development group GrowFL, in association with the Edward Lowe Foundation.

“We’re honored to have been named a winner,” said Scott Hoffmire, President and CEO, Source1 Purchasing. “Respected awards like these are the real differentiators for businesses. Our clients know when they work with Source1, they’re working with a successful, growing business. Not only because we say so, but because others do as well.”

Source1’s management team, competitive market position and strong community involvement were among several factors that put them in contention for the award.

“These stand-out companies are all led by entrepreneurs, and have demonstrated their capacity and intent to grow,” said Dr. Tom O’Neal, executive director of the Florida Economic Gardening Institute and associate vice president for the University of Central Florida’s Office of Research and Commercialization. “They also all have critical intellectual property or a niche position that gives them a competitive edge in their markets,” he said.

The 50 companies named the 2015 Florida Companies to Watch generated a total of more than $1.2 billion in revenue and added nearly 1,000 employees between 2011 and 2014. Together, the companies project a 23 percent increase in revenue and 19 percent increase in job growth in 2015. Companies named to the list will be officially recognized November 5 at the Hard Rock Live, Universal CityWalk, Orlando.

Founded in 1997, Source1 Purchasing is a purchasing services organization with $7 billion in purchasing power. Source1 specializes in providing cost management, savings, and operational efficiencies for lodging, leisure, restaurant and gaming industries, helping operators increase profits through purchasing. The award-winning Source1 team creates solutions that empower operators of all sizes to reduce costs, ensure consistent product quality, and achieve higher customer satisfaction. For more information visit www.source1purchasing.com or call (877) 717-5566.

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Source1 Purchasing, a leading national supply chain performance management company is always pleased when its purchasing partners realize the many benefits of working together. But one organization in particular has yielded even more of a return on their investment by partnering with Source1. The Culinary Institute LeNôtre, the largest cooking and pastry chef school in Houston, Texas, is turning its Source1 rebates into scholarships for their students – providing education for the next generation of culinary and hospitality industry executives.

“The rebate is held in our in-house scholarship fund and awarded to deserving students in dollar amounts that usually range from $500 to $5,000 per year, which are given every 10 weeks,” said Kris Jakob, Vice President/Director of Culinary Arts, Culinary Institute LeNôtre.

Purchasing rebates have historically been complicated for operators, with many inadvertently leaving money on the table due to the notorious paperwork and logistical challenges the process requires. But Source1 streamlines the rebate process for its partners in the lodging, leisure, restaurant and gaming industries.

By automatically keeping track of purchasing, and facilitating the entire rebate procedure, Source1 Purchasing provides one check — coming from a single source — delivered once every quarter. This allows Source1 partners to easily put the funds they’ve earned back to work for their organization, in whatever way they choose.

“As former operators ourselves, we’re well aware of the challenges that getting rebates can present — that’s why we’ve made our rebate program completely hassle-free,” said Scott Hoffmire, President and CEO Source1 Purchasing.

“We’re proud to partner with The Culinary Institute LeNôtre,” said Hoffmire. “It’s extremely rewarding to know that this money will continue to provide education to future experts and industry leaders. And who knows, they might someday be Source1 partners!”

Founded in 1997, Source1 Purchasing is a purchasing services organization with $7 billion in purchasing power. Source1 specializes in providing cost management, savings, and operational efficiencies for the lodging, hospitality and entertainment industries, helping operators increase profits through purchasing. The award-winning Source1 team creates solutions that empower operators of all sizes to reduce costs, ensure consistent product quality, and achieve higher customer satisfaction. For more information visit www.source1purchasing.com or call (877) 717-5566.

MEDIA CONTACT:
BlueIvy Communications
561-310-9921
Melissa@BlueIvy.co

Lake Worth Beach, Fla., April 29, 2015 – Source1 Purchasing, a leading national purchasing services organization for the lodging, leisure, restaurant and gaming industries, today announced it has been awarded a contract with what MKG Group ranked as the 10th largest international hotel chain and hospitality provider in 2014.

Source1 will provide enhancements to Food and Beverage programs at the national, regional and local levels; identify opportunities to leverage savings; and create support tools to maximize standardization, utilization and compliance, throughout the chain’s U.S. branded hotels, leading to a projected overall savings of over 10%. More than 500 hotels in the chain have already been enrolled and will begin immediately to use Source1 services.

“The client is a global leader in the hospitality and travel industries, and we’re extremely pleased they’ve chosen to work with Source1,” said Scott Hoffmire, President and CEO of Source1 Purchasing. “Our goal is to increase our customers’ revenue, utilizing our customized strategies and programs to create efficiencies and lower overall costs.”

Since 1997, Source1 has been helping customers introduce and implement purchasing best practices while providing access to national account pricing. Participation in the Source1 program allows operators to increase customer satisfaction and build their bottom line; Source1 anticipates immediate cost savings and growth opportunities for its newest client through the partnership.

“Source1’s specialized lodging expertise helps clients purchase smarter,” said Hoffmire. “Our partnership with Sysco allows us to leverage their unparalleled procurement, distribution and supply chain experience — offering Source1 customers a unique strategy that drives operational efficiencies.”

In addition to Hotel Groups, Source1 supply chain management services have also benefited hotel ownership/asset management groups, hotel management companies, and independent hotel operators for nearly two decades.

Founded in 1997, Source1 Purchasing is a purchasing services organization with $7 billion in purchasing power. Source1 specializes in providing cost management, savings, and operational efficiencies for the lodging, hospitality and entertainment industries, helping operators increase profits through purchasing. The award-winning Source1 team creates solutions that empower operators of all sizes to reduce costs, ensure consistent product quality, and achieve higher customer satisfaction. For more information visit www.source1purchasing.com or call (877) 717-5566.

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MEDIA CONTACT:
BlueIvy Communications
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Source1 Purchasing, a leading national supply chain performance management company for the lodging, leisure, restaurant and gaming industries, announces the promotion and hire of several key personnel within the organization, which has $7 billion in purchasing power. The creation of the new executive team will help to guide continued innovation and company growth.

“We believe in the most collaborative approach when working with our purchasing partners,” said Scott Hoffmire, President and CEO of Source1 Purchasing. “The experience, strategic thinking, and operational excellence that these team members provide, mean continued success not only for Source1, but for those we serve as well.”

Promotions include: Molly Fierro, Vice President of Programs; Becky Magaw, Vice President CRM Solutions; and Jim Guenthner, Vice President Corporate Programs and Supply Chain Management. In addition, Marcy Larson joined Source1 in November 2014 as Vice President of Marketing.

Founded in 1997, Source1 Purchasing is a purchasing services organization with $7 billion in purchasing power. Source1 specializes in providing cost management, savings, and operational efficiencies for the lodging, hospitality and entertainment industries, helping operators increase profits through purchasing. The award-winning Source1 team creates solutions that empower operators of all sizes to reduce costs, ensure consistent product quality, and achieve higher customer satisfaction. For more information visit www.source1purchasing.com or call (877) 717-5566.

MEDIA CONTACT:
BlueIvy Communications
561-310-9921
Melissa@BlueIvy.co