Spartan Armor Systems Named by Inc. Magazine as one of America's Fastest Growing Private Companies
TUCSON, Ariz., Sept. 6, 2018 /PRNewswire-iReach/ -- Inc. magazine has announced that Spartan Armor Systems is No.1201 on its 37th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. Spartan Armor Systems ranked #1201 on the 2018 Inc. list with three year revenue growth of 403 percent. The Tucson-based company is now #24 in the nation for manufacturing, and #25 in Arizona. The list, published each year in the September issue, represents a unique look at the most successful companies within the American economy's most dynamic segment—its independent small businesses. Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"Spartan Armor Systems is honored and proud to be acknowledged for our company's powerful growth. Recognition of our efforts from the prestigious Inc. Magazine is truly rewarding. We also appreciate the recognition from the first responders who call or email to share that our armor has saved a life. All these things make the hard work worthwhile. We're excited to join the ranks of the most inspiring companies of 2018," said Todd Meeks, President.
Spartan Armor Systems has grown rapidly with ever-increasing demand for its body armor products protected with the company's proprietary Encapsaloc™ coating system. Spartan Armor Systems' mission is to provide law enforcement and other first responders with the affordable, reliable body armor protection they deserve. Police and sheriffs' departments, SWAT teams, fire departments, EMTs and all first responders have responded enthusiastically to the quality and efficacy of Spartan's Ecapsaloc™ coating quality and have driven sales to more than seven figures in the past two years. Almost 2,000 Spartan Armor Systems' product packages are sold each month. Additionally, Spartan Armor Systems carries a full line of plate carriers, medical kits, tactical gear and steel shooting targets.
Spartan Armor Systems currently employs 13 full-time and two part/time employees; launched in 2012 as the Target Man from a home-garage setting with owner and two part-time employees making steel shooting targets and training aids. The need for affordable armor protection caused the company to explore the use of steel for body armor and Spartan Armor Systems was created. The company is now #24 in the nation for manufacturing, and #25 in Arizona.
Spartan purchased a new headquarters building summer 2017 and moved into a 10,000 square foot warehouse with 3,000 square feet of office space in Tucson's Grant Road Industrial Park. Marketing and sales are online; manufacturing and order fulfillment are handled at the headquarters building.
Methodology of Inc. 5000
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2017. 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.
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. 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 http://www.inc.com/inc5000.
About Spartan Armor Systems:
Spartan Armor Systems' mission is to provide first responders with the affordable, reliable body armor protection they deserve. Spartan Armor Systems is one of the premier body armor and tactical gear suppliers in the United States, with high quality armor plates, body armor, reactive targets, and more. Spartan Armor Systems specializes in NIJ 0101.06 compliant body armor and offers level III, level III+ and level IV threat. Spartan Armor Systems' signature product is the Spartan™ AR500 Omega™, AR550 and AR650 ballistic steel body armor with Spartan Armor's Encapsaloc™ fragmentation coating that provides rifle rated protection at a fraction of the cost of traditional ceramic armor. See https://www.spartanarmorsystems.com/
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 18,000,000 today. For more information, visit http://www.inc.com.
Media Contact: Sandra Helsel, SK Helsel & Associates, 8587521212, [email protected]
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SOURCE Spartan Armor Systems
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