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With roots in the automotive industry, Hankey Group has been in business since 1972, and currently consists of nine sister companies in Southern California. With over $1,040,000,000 in assets, the companies include financial, real estate, insurance, and technology services companies as well as rental car and dealership operations. The group is controlled by Don R. Hankey.
Assets of $1,040,000,000
Number of employees: 1,370
Annual sales growth since 1980: 17%
Annual profit growth since 1980: 23%
Annual net worth growth since 1980: 23%
Annual asset growth since 1992: 22%
Current return on investment before taxes: 31%
Hankey Group's operating goal is to grow earnings by 20% a year and maintain a return on investment (before tax) of 30%.
Hankey Group has five primary lines of credits:
 "Private" Bank $300 million
Bank of America $185 million
Wells Fargo $150 million
Comerica Bank Line (syndicate) of $125 million
Citibank $80 million |
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