VanTran Transformers makes Inc. 5000 list
Inc. magazine ranked VanTran Transformers #2249 on its 39th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies.
image source: VanTran Transformers
USA, New York, New York: Inc. magazine ranked VanTran Transformers #2249 on its 39th 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. Earning their first national exposure as honorees of the Inc. 5000 award were companies such as Microsoft, Dell, and LinkedIn. In addition to the national recognition, VanTran also received state recognition by making the Inc. 5000 Series: Texas list earlier this year.
“Being included in the Inc. 5000 reflects the tireless effort since 2016 by our entire team who saw the opportunity to take a 57-year-old business and jump start it with new energy. I am especially proud to have accomplished this with an established business in a mature industry. We have gone through exceptional growth and are very fortunate to be honored with this award,” remarked Don Bolin, CEO of VanTran.
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 %, and a median rate of 165 %. The Inc. 5000’s aggregate revenue was $209 B in 2019, accounting for over 1 million jobs over the past three years.
Headquartered in Waco, Texas, VanTran provides distribution transformer solutions for industrial, petrochemical, transportation, renewable, and utility markets.
Source: VanTran Transformers