Good Faith Energy named top 10 Most Successful companies in Texas

DALLAS, March 20, 2020 /PRNewswire-PRWeb/ -- Inc. magazine revealed this month that Good Faith Energy is No. 10 on its inaugural Inc. 5000 Series: Texas list; the most prestigious ranking of the fastest-growing Texas-based private companies. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within Texas economy's most dynamic segment—its independent small businesses.

"Since 2014, Good Faith Energy has focused on smart growth- growth that takes into account diversification, culture, and sustainability. We're grateful for being recognized for this growth, and we're even more grateful for having done so with the upmost priority placed on integrity."

The companies on this list show stunning rates of growth across all industries in Texas. Between 2016 and 2018, these 250 private companies had an average growth rate of 294 percent and, in 2018 alone, they employed 36,000 people and added $11 billion to the Texas economy. Companies based in the largest metro areas—Dallas, Houston, Austin, and San Antonio—brought in the highest revenue overall.

Complete results of the Inc. 5000 Series: Texas, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/inc5000-series-texas-2020 starting March 13, 2020.

"The companies on this list demonstrate just how much the small-business sector impacts Texas's economy," says Inc. editor in chief Scott Omelianuk. "Across every single industry, these businesses have posted revenue and growth rates that are beyond impressive, further proving the tenacity of their founders and CEOs."

"At Good Faith Energy, we believe in the importance of educating our customers and providing them with the necessary tools to allow them to fully manage their energy consumption, production, and storage. Our energy management solutions focus on a holistic approach to reduce building consumption, meet that consumption with on-site renewable energy, and store that on-site renewable energy for times where savings can be maximized, or the grid is facing reliability challenges," Mohammed Abdalla, Founder and CEO of Good Faith Energy.

CONTACT: Mohammed Abdalla, [email protected] / 469-209-5910

More about Inc. and the Inc. 5000 Regional Series

Methodology The 2020 Inc. 5000 Regional Series is ranked according to percentage revenue growth when comparing 2016 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2016. 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 2016 is $100,000; the minimum for 2018 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

About Inc. Media The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.

SOURCE Good Faith Energy