CAMS Named One of the Americas' Fastest-Growing Companies by the Financial Times
Consolidated Asset Management Services ( CAMS ), a fully-integrated service provider for owners of energy infrastructure assets, announced today that it was ranked one of the Americas' Fastest-Growing Companies in 2025 by the Financial Times. This award is granted to 300 companies who experienced the strongest revenue growth from 2020 to 2023.
The Financial Times and Statista's annual ranking assesses North and South American companies by their three-year revenue compound annual growth rate (CAGR). CAMS was selected from thousands of applicants across various industries and has been named to the list for the second time, with the previous recognition occurring in 2023.
'We are thrilled to be recognized by the Financial Times for our rapid growth,' said Joseph W. Sutton, CEO and Founder of CAMS. 'This achievement underscores the dedication of our team and our commitment to innovation in the energy sector. By expanding our renewable energy footprint and introducing new service offerings, we continue to push the boundaries of what's possible in providing comprehensive solutions for our clients. As we look ahead, we remain focused on enhancing our services and exploring new avenues to support the evolving needs of the energy infrastructure industry.'
CAMS' revenue grew by more than 70% from 2020 to 2023. This increase in revenue was facilitated by the expansion of its renewable energy footprint through CAMS' Energy Transition Services. CAMS acquired a U.S. solar operations and maintenance company and partnered with a leading battery energy storage and software technology providers to deliver the first comprehensive service offerings to the battery energy storage market in the U.S. In 2023, CAMS introduced two new service offerings, Strategic Control Services, which allows CAMS to monitor and control power generation assets in real time through its next-generation remote operations center, and Staffing Solutions, designed to streamline workforce management and provide cost-effective services for clients to address their staffing needs.
CAMS continually seeks innovative methods for expansion. In 2024, the company introduced Asset Performance Management (APM), which utilizes real-time predictive analytics to enhance plant management. This service integrates anomaly detection, thermal performance, and machinery dynamic tools, ensuring optimal efficiency and precision. By 2025, CAMS launched a solution aimed at securing reliable, scalable, and cost-effective power for data centers, thereby paving the way for new opportunities.
About CAMS
CAMS is a privately held company providing Operations and Maintenance (O&M), Asset Management, Environmental, Social, and Governance (ESG), and Optimization services for energy and infrastructure assets. Our founding principle is to add value through superior management and operation of our clients' energy infrastructure assets. To this end, we empower our employees to pursue creative and sustainable business practices in the field and at our corporate office that contribute to operational excellence, financial performance, a safe workplace, and a better community and environment. We do not take this responsibility lightly: We treat the assets with which we are entrusted as our own. For additional information, visit www.camstex.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250604956979/en/
CONTACT: Media Contact
Hailey Bui
Corporate Communications
[email protected]
713.358.9736
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: ACCOUNTING OTHER ENERGY PROFESSIONAL SERVICES UTILITIES OIL/GAS ALTERNATIVE ENERGY ENERGY ENVIRONMENT OTHER PROFESSIONAL SERVICES GREEN TECHNOLOGY HUMAN RESOURCES ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) CONSULTING
SOURCE: Consolidated Asset Management Services
Copyright Business Wire 2025.
PUB: 06/04/2025 09:24 AM/DISC: 06/04/2025 09:23 AM
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For years, in addition to their Cessna-piloting adventures, Yutko joined Hansman and Yutko's best friend, NASA astronaut and engineer Woody Hoburg, on motorcycle sojourns on their rented BMW 1200 rigs between Christmas and New Year's to exotic corners of the globe, from the deserts of Morocco to the valleys of Peru. During COVID, Yutko and Hoburg, a former rescue climber in Yosemite, camped in Red Rock Canyon near Las Vegas to practice their technical skills deploying lines and harnesses. On foot, Yutko has braved the race to the summit of Pikes Peak, a grueling contest that scales 7,800 vertical feet. A slim six-footer, his brown hair close-cropped, Yutko in his Wisk incarnation favored T-shirts and jeans. At work, he can be intense and demanding. 'He and I are both 'A' types, and we had quite a few battles,' says ex–Wisk boss Gysin, who adds that Yutko 'would really dig in on an issue' and relentlessly hammer home his position, a stance he learned in the Hansman crucible at MIT. 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Its edge: It could carry wings smaller and lighter than those of regular planes because of the extra lift provided by the reshaped fuselage. Those characteristics lowered drag big-time. The D8 was also originally conceived to fly at slightly lower than normal speeds, a key to saving fuel that Yutko had identified in his doctoral work. Yutko tested D8 forerunners in a new wind tunnel donated to MIT by Boeing. The D8's stupendous goal: lowering fuel consumption by 70%. The tech incorporated in the D8 is still a contender for the new wave of narrow-bodies, and the program would prove Yutko's ticket to Boeing. Yutko had caught the eye of then–Boeing CEO Dave Calhoun, who picked the rising star for personal mentorship as part of a Boeing program where top executives nurture future leaders. By early 2023 Yutko was ready for a new challenge, which presented itself when autonomous flying-taxi startup Wisk, (founded by Google cofounder Larry Page but majority owned by Boeing) needed a new CEO. Yutko moved to Silicon Valley for the job. The Wisk rises like a helicopter; then six of its forward rotors tilt outward, and it flies like a plane. Yutko foresaw a network of 'vertiports' at airports, topping highways and mounted on rooftops ferrying passengers up to 100 miles in what he widely praised as possibly 'the next big leap in aviation.' Given the resistance of pilots' unions and traffic controllers, and skepticism from regulators, for autonomous flight, it's unclear when or if Wisk will reach the market. Still, Yutko continued to advance autonomous technology and added AI applications to simulate flight planning and patterns. Those improvements could potentially improve safety and testing on commercial planes. Boeing's next big bet Of course, any decision on a new plane will fall to Ortberg and the Boeing board. Once they approve takeoff, the aircraft-maker typically taps two leaders to head a greenfield project, according to an executive who worked for a Boeing supplier: a program manager, and a lead project engineer. The program manager is tasked with hitting key milestones for schedule and costs, and reports to the business side. The lead project engineer is responsible for working with the supply base to optimize the plane's design and development, and bring it to market. That person is part of the engineering team that, it appears, would work closely with Yutko as chief of commercial airplane development. 'You can't BS Brian on the engineering side,' noted one of his former colleagues. What's this airborne breakthrough likely to look like? The advantage to the super avant-garde models Yutko knows so well is that the airframes themselves promise tremendous gains in fuel efficiency and CO2 reductions. The D8 'Double Bubble' technology that Yutko labored on featuring the bulbous fuselage is still a leading candidate. Another potential winner is the so-called X-66, also known as the jawbreaker transonic truss-braced wing or TTBW. Conceived in-house at Boeing, and long supported by grants from NASA, the X-66 features extra-long, thin wings supported by diagonal struts, so that from the nose you're looking at two triangles. In April, Boeing scrapped pursuit of an X-66 demonstrator in partnership with NASA, but pledged to keep working on thin-wing technology. It's not clear if the TTBW or another model will prove the winner, but Yutko has expressed openness to new aircraft configurations. 'It's really an open book,' says Hansman. Yutko will be leading the evaluation of all the technical and design options, including the use of alternative fuels and new engine technologies, as well as automation. In October of 2024, Yutko gathered with many of Hansman's former students to salute their beloved teacher's 70th birthday with a series of lectures. Yutko took the stage for a presentation reviewing 210 years of aviation history. He started by recapping the first primitive, butterfly-shaped gliders, reminding the audience, '[I'm] as you all know … a future-thinker,' then spotlighted the 'opportunity for new airplane shapes' and lauded the 'Double Bubble … that came out of MIT' and 'that I'm so passionate about.' Boeing watchers may similarly hope that the storied company is entering a new era, too. And Boeing finally has what it needs, a visionary engineer who can pilot this lagging colossus towards winning the big one, the contest for the aircraft of the future. This story was originally featured on Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. 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