CHESTERTOWN, Md., Aug. 15, 2019 /PRNewswire-PRWeb/ -- Benchworks Inc. has once again been named to the Inc. 5000 list, the most prestigious ranking of America'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 businesses.
This marks the fifth year in a row that Benchworks has made the list, demonstrating continued steady growth. Thad Bench Sr, Benchworks' CEO, said, "Landing a spot on this prestigious list becomes more difficult over time for any company, requiring ever greater returns to hit the same mark. The fact that Benchworks has succeeded in making the list five years in a row speaks volumes about our commitment to intelligent growth."
For Benchworks, the past year has been one of building on past successes: formalizing a parent company, BW Health Group; adding a HUB services partnership; bolstering both the creative and strategic power of its marketing agency; and restarting its pharmaceutical consultancy. For more information on these transformations, visit http://www.BWHealthGroup.com.
Rankings are based on a three-year sales growth and revenue cycle. As a company's starting revenue base grows after its initial ranking, however, staying on the list in subsequent years becomes more difficult. A mere 4 percent of companies have made the list 5 times, making Benchworks' accomplishment "a truly extraordinary accomplishment," said James Ledbetter, Inc. editor in chief.
Companies on the 2019 Inc. 5000 list have been very competitive within their markets, but the list as a whole also shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454%, and a median rate of 157%. The Inc. 5000's aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
Companies on the 2019 list will be honored at the annual Inc. 5000 conference October 10-12 in Phoenix, AZ. Complete results of the Inc. 5000 list, 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 BW Health Group
BW Health Group is dedicated to advancing the commercial goals of life science clients through a family of companies that provide award-winning strategy, design, production and execution of marketing, branding, pharmaceutical distribution, technology and commercialization services. BW Health Group includes Benchworks, a full-service marketing and communications agency; Safe Chain Solutions, a national distributor of pharmaceutical products and medical supplies; BW Consulting, a provider of business solutions and support for the life sciences; and Occam Health, a strategic partner providing hub services to pharmaceutical companies throughout North America. For additional information, please visit http://www.BWHealthGroup.com call 800-536-4670.
About the Inc. 5000
Methodology
The 2019 Inc. 5000 list is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit and independent — not subsidiaries or divisions of other companies — as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc.
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. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 15,000,000 today. For more information, visit http://www.inc.com.
###
SOURCE Benchworks
Share this article