Inc. magazine today 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. VanTran is ranked #137 for one of the fastest growing companies in the state of Texas.
“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 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion 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 where short delivery cycles and on-time delivery are critical for project success. The company is known as the leader in the industry for custom and specialty transformers and is growing at an unprecedented rate.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
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. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.