PRESS Aug 2018 - ABSi Earns Inc 5000 "Fastest Growing Private Companies"
- Published: Wednesday, 15 August 2018 14:33
Inc. Magazine Unveils its 37th Annual List of America’s Fastest-Growing Private Companies—the Inc. 5000
Associated Building Supply Inc. Ranks No. 4264 in the 2018 Inc. 5000 with a Three-Year Sales Growth of 80%.
NEW YORK, August 15, 2018 – Inc. magazine today revealed that ASSOCIATED BUILDING SUPPLY INC. is NO. 4246 on its 37th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small and midsized businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.
“We are extremely honored to be recognized as one of Inc. 5000’s fastest-growing private companies in the Nation. For over 25 years our consistent growth is directly linked to the high-level contributions of our exceptional employees and management team. Our loyal customer base stems from our all-hands-on-deck committment to customer satisfaction, says ABSi Christopher Cole President and Owner.”
Not only have the companies on the 2018 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. “If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” says Inc. editor in chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives. The Inc. 5000 is the most persuasive evidence I know that the American Dream is still alive!”
Methodology: The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.