While it is gratifying to be acknowledged as a growing company, our focus has been on smart growth the last few years, so we have added people and products that are creating long-term value
Purcellville, VA (PRWEB) August 22, 2008
Inc. magazine today listed GeoStructures at No. 2,581 in its annual ranking of the 5,000 fastest-growing private companies in the country. The recognition is due to company's three-year revenue increase of 141 percent, which was attributed to both an acquisition and organic growth.
Leading the growth was the company's signature Geopier® product, followed by Impact Piers® and Rapid Impact Compaction (RIC), all of which reinforce or stiffen the soil to increase bearing capacity and control settlement for low- to mid-rise structures. Growth has also been fueled by its design-build activities in the transportation sector, ranging from design/supply and construction of mechanically stabilized earth retaining walls, sound walls on permanent tied-back walls, and temporary shoring for excavation support.
"While it is gratifying to be acknowledged as a growing company, our focus has been on smart growth the last few years, so we have added people and products that are creating long-term value," says Michael Cowell, P.E., president of GeoStructures. "Growth for us will continue to be a by-product of offering our customers the products and services they need for their construction and transportation projects."
Comments Inc. 5000 Project Manager Jim Mellon, "Our second annual Inc. 5000 continues the most ambitious project in business journalism. The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies still showing impressive growth."
The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. The 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at Inc. 5000.
Hottest Regions for Fastest-Growing Companies
The New York metro area tops the Inc. 5000 list with the most companies of any city with 355. Washington, D.C. comes in a close second with 300 companies on the list; Los Angeles comes in third with 244 companies, and Atlanta (194 companies) and Chicago (189 companies) round out the top five. Interestingly, only 62 companies on the Inc. 5000 are not based in metropolitan areas.
Grand Rapids, Mich. leads the list with the highest median revenue of any metro area ($26.2 million, 16 companies), followed by San Antonio, Texas ($21.3 million, 25 companies), Baton Rouge, La. ($18.8 million, 14 companies), Houston ($17.1 million, 97 companies), and Kansas City, Mo.-Kan. ($16.5 million, 39 companies).
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent - not subsidiaries or divisions of other companies - as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007. Companies can apply for next year's Inc. 5000 by registering with "IncBizNet, Business Network for Private Companies," at IncBiz.
GeoStructures (http://www.geostructures.com) is the Mid-Atlantic's largest design-build contractor for the combination of foundation support, engineered earth structures and sound walls for transportation and commercial construction projects. By delivering the most appropriate engineered solution, the company enables rapid scheduling for year-round construction.
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