NEWS
Patton Warehousing has just been ranked #77 on 2019 Inc. 5000
Fastest Growing Companies in America
PRESS RELEASE
August 21, 2019
Milton, PA - Inc. magazine recently disclosed that Patton Warehousing, headquartered in Milton, PA, ranked at number 77 on its 38th annual Inc. 5000 list. The list is the most esteemed ranking of the nation’s fastest-growing private companies. Inc. 5000 represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small 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.
“Being named one of the fastest growing companies in the US is a testament to the hard work and dedication that the entire team at Patton Warehousing has put forth since the start up of the company in 2015. I’m very proud of everyone who contributed to our success and thankful to our clients who supported our phenomenal growth,” remarked Steve Patton, the company’s founder. “We recently purchased 86 acres in the Milton Industrial Park and have plans to build two additional distribution centers to continue to meet the demands of our clients.”
Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. Patton Warehousing’s revenue growth from $180,000 in 2015 to $8.2 million in 2018 represents an astounding growth rate of 4,138%.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. editor-in-chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”
Companies on the 2019 Inc. 5000 are ranked according to percentage revenue growth from 2015 to 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They must be U.S.-based, privately held, for-profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2018. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million.