Power Equipment Direct Makes Inc. 5000 List for Sixth Consecutive Year
E-retailer Listed as 1022nd Fastest Growing Private U.S. Company
BOLINGBROOK, IL (August 24, 2012) - Power Equipment Direct earned recognition as one of the fastest growing private companies in the United States for the sixth consecutive year by Inc. Magazine.
"In the last three years, Power Equipment Direct has undertaken massive changes and improvements and our 2012 ranking speaks to that," said Jon Hoch, founder & CEO of Power Equipment Direct.
The online power equipment retailer ranked 1,022 on the recently released 2012 Inc. 5,000 list. It also ranked as the 44th fastest growing company in the Chicago-land area and the 49th fastest growing U.S. company in the retail sector.
Power Equipment Direct saw sales skyrocket by 309% between 2008 and 2011.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” said Inc. magazine editor Eric Schurenberg.
Methodology: The 2012 Inc. 5000 list measures revenue growth from 2008 through 2011. To qualify, companies must be U.S.-based and privately held, independent - not subsidiaries or divisions of other companies - as of December 31, 2011.
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