FOR IMMEDIATE RELEASE
Contact: Jeff McGee, 703.752.4141
America’s 5000 Fastest-Growing Private Companies Revealed
Patriot Contracting, LLC Ranks No. 939 on the 2008 Inc. 5,000
With Three-Year Sales Growth of 1,264%
NEW YORK, August 20, 2008 – Inc. today ranked Patriot Contracting, LLC on its annual ranking of the 5000 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.
“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”
The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com.
Hottest Regions for Fastest-Growing Companies
The New York metro area tops the Inc. 5000 list with the most companies of any city with 355. Washington, D.C. comes in a close second with 300 companies on the list; Los Angeles comes in third with 244 companies, and Atlanta (194 companies) and Chicago (189 companies) round out the top five. Interestingly, only 62 companies on the Inc. 5000 are not based in metropolitan areas.
Grand Rapids, Mich. leads the list with the highest median revenue of any metro area ($26.2 million, 16 companies), followed by San Antonio, Texas ($21.3 million, 25 companies), Baton Rouge, La. ($18.8 million, 14 companies), Houston ($17.1 million, 97 companies), and Kansas City, Mo.-Kan. ($16.5 million, 39 companies).
Hottest Industries for Fastest-Growing Businesses
The most notable median growth categories among the Inc. 5000 fastest-growing businesses are in the Energy category (which grew by 298%), followed by Government Services (which grew by 220%), Security (200% growth), IT Services and Software (both grew by 187%), and Consulting (which grew by 182% on average).
The largest business category is IT Services, with 579 Inc. 5000 companies. Business Services (532 companies), Construction (459), Manufacturing (405), and Advertising & Marketing (361) complete the top five industries ranked on the 2008 Inc. 5000.
Industries reporting the highest median revenue are Travel ($38.8 million), Financial Services ($16.3 million), Logistics ($15.4 million) Government Services ($14.2 million), and Energy ($14.2 million).
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
ASHBURN, VA , May 15, 2007 - Patriot Contracting, LLC, a rapidly-growing construction company based in Ashburn, Virginia, was recently awarded two construction projects by Loudoun County Public Schools. The projects are at the JL Simpson Middle School in Leesburg and the Seneca Ridge Middle School in Sterling, Virginia.
At JL Simpson Middle School, Patriot Contracting will build a new, 6,700-square foot art addition and do renovations throughout the facility, including site utility work. The work begins in August 2007 and is scheduled to complete in July 2008. Work at Seneca Ridge Middle School will be of a similar size and scope, and will take place over the same performance period.
The contract awards represent a new niche for the five year-old builder, and will help the company broaden its footprint in Northern Virginia. "We're excited about the chance to work with Loudoun County Public Schools," notes Pat Quinn, the firm's president. "As one of the fastest-growing counties in the nation, Loudoun represents a dynamic market for us, and we're looking forward to helping the County create even better learning spaces for its schoolchildren."
Patriot Contracting has completed a large number of projects throughout the region, including base building construction, high-end tenant build-outs, and other projects. Serving regional clients in retail, real estate, education, high tech, and personal services, the company offers a comprehensive range of services from pre-construction through specialized finishing work.