Rankings Reveal Three-Year Revenue Growth of 38,963%
Scottsdale, AZ, August 15, 2018 – Inc. magazine today revealed that DEPCOM Power is No. 5 on its 37th 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 businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“DEPCOM was founded in November 2013, and it’s a great honor to be recognized by Inc. as the 5th fastest growing company in the USA out of 5,000 other top U.S. independent companies. This achievement is truly a reflection of our strong team culture and unrelenting focus on driving customer, shareholder and employee value through excellence in process and execution,” said Jim Lamon – CEO, DEPCOM Power.
Not only have the companies on the 2018 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent and a median rate of 171.8 percent. The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.
“DEPCOM began with a team of twelve, and today proudly provides jobs to more than 1,600 American workers, all working together to build clean, affordable solar energy for a more independent America. Our growth has been made possible by the incredible innovation across the utility solar industry, enabling solar to become the lowest cost form of energy in the USA, enticing states and utilities to invest in solar.”
“Coupled with that, the dedication to our core company values, including hiring U.S. veterans, buying American-Made products and giving back to our local communities where we build, have undoubtedly helped fuel our reputation and growth, creating financial value for our families, communities, customers and valued investors. We feel privileged to be part of the great American dream,” said Lamon.
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 www.inc.com/inc5000. DEPCOM Power is also featured in the Top 500 companies list in the September issue of Inc., available on newsstands August 15.
“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” says Inc. editor in chief James Ledbetter. “The lines of business may come and go or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”
DEPCOM Power- Marketing Director
About DEPCOM Power
DEPCOM Power is a partner in utility scale solar for: Project Development Support, Engineering, Procurement & Construction and Operations and Maintenance services for utilities, independent power producers and project development companies. DEPCOM Power leverages a highly experienced solar team, technology and agnostic top-tier solar modules and cost-effective balance of system components to provide optimum levels of agility, price and quality for utility scale solar. Visit: www.depcompower.com
About Inc. and the Inc. 5000
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 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. Media
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. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 18,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.
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