LOS ANGELES, April 30, 2015 /PRNewswire/ -- The Los Angeles Chapter of the Association for Corporate Growth, one of the largest and most active chapters of ACG, honored TrueCar, Inc. Wednesday night as a 2015 ACG Award Winner in the IPO of the Year Award at the "5th Annual ACG LA Awards Ceremony" at the Walt Disney Concert Hall.
"To create a world-class community of engineers and talent you need companies that are getting liquidity and growing -- and that's exactly what's happening here in Los Angeles," said Scott Painter, TrueCar's chief executive officer and founder. "Right now this is the most interesting city, bar none, for the emergence of technology businesses, and we're incredibly proud to be a core part of this development."
"All of these winners have one thing in common: they're focused on driving growth. That's a core tenant of ACG," said Gary S. Rabishaw, president of ACG and managing director of Intrepid Investment Bankers LLC. "These awards are our way of distinguishing local companies that have made an important impact in their region. These winners are a true testament to the flourishing business community in Los Angeles."
The categories and winners are as follows:
- Social Responsibility Award: Los Angeles Kings
- Business Innovation Award: LegalZoom
- Founders Award: Outdoor Products
- Mayor's Award: Riot Games
- Deal of the Year Award: The Marvin Group
- Large Cap Public Company Growth Award: Reliance Steel and Aluminum Co.
- Global Impact Award: What to Expect
- Technology Innovation Award: Aerovironment, Inc.
- Small Cap Public Company Growth Award: DTS, Inc.
- IPO of the Year Award: TrueCar, Inc.
About ACG and ACG LA
The Association for Corporate Growth (ACG) is the global community for middle market M&A deal makers and business leaders focused on driving growth. ACG members have access to data, content and networking opportunities to access capital, make deals and foster corporate growth. Founded in 1954, ACG has grown to more than 13,000 members organized in 56 chapters throughout North America, Europe and Asia. ACG LA is one of the largest and most active chapters of ACG, delivering thought-provoking, knowledge-based events and networking opportunities. Our members and attendees - including leading corporate officers, private equity sources and service providers
- participate in monthly meetings, world-class conferences and intimate roundtable discussions. We help dealmakers and business leaders stay abreast of current issues relating to corporate growth and stay connected with their peers. For more information, visit www.acgla.org.
TrueCar, Inc. (NASDAQ: TRUE), the negotiation-free car buying and selling mobile marketplace, gives consumers transparent insight into what others paid and access to guaranteed savings off MSRP from TrueCar Certified Dealers. TrueCar's network of more than 10,000 trusted Certified Dealers is committed to providing upfront pricing information and a hassle-free buying experience. TrueCar powers car-buying programs for some of the largest U.S. membership and service organizations, including AARP, American Express, AAA and USAA. Not all program features are available in all states. TrueCar is headquartered in Santa Monica, California, with offices in San Francisco and Austin, Texas. For more information, go to www.truecar.com. Follow us on Facebook or Twitter.
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SOURCE TrueCar, Inc.