Posted 6/10/2013 12:00 am
Updated 9 months ago
Tiger Correctional Services recently bought Jonesboro’s City Hall building for $775,000 and expects to move in by the middle of June.
The Jonesboro company, which provides a variety of services to federal, state and county prisons in 23 states, had outgrown its offices, said Tiger Correctional CEO Chad Niell. “Some of our corporate headquarters were in one warehouse and some were in the other,” he said.
When he learned that the City Hall building was available, Niell bought the approximately 14,000-SF building for the corporate offices so the company can continue to expand.
Tiger offers inmate food service, inmate commissary and management software to prisons.
In the last year, Tiger Correctional added 25 employees, bringing the total close to 80. Niell said that he expects to add more employees this year, but he didn’t have a number. “It just depends on what kind of contracts we get,” he said. Prison construction was recently added to the services provided, he said.
Tiger’s revenue for 2012 was about $15 million, which indicates a growth of 30 to 40 percent over the past three years, Niell said.
In September 2012, Tiger was named one of the nation’s fastest-growing private companies by Inc. magazine based on Tiger’s 2011 revenue of $10.1 million.