LINDON, UT. – Inc. magazine recently honored Aquatherm as number 1617 on the Inc. 500|5000, an exclusive ranking of the fastest growing companies in the U.S. This list represents an entrepreneurial group of successful, growing companies who have proven themselves within the American economy during a difficult financial period.
Aquatherm, which markets a German-manufactured polypropylene-random (PP-R) pipe system, ranked number 46 in the top 100 construction companies and number 40 in the top 100 Utah companies. Click here to view the ranking.
Aquatherm is one of the only PHVAC players to make the Inc. 500|5000 list. Recent trends show the PHVAC industry moving into a more sustainable, innovative and efficient direction, favoring Aquatherm.
“To be honored this year is a particularly notable achievement,” wrote Inc. Editor-in-chief, Eric Schurenberg, to Inc. 500|5000 recipients on the magazine’s website. “To rank among the 2013 Inc.5000, your company had to thrive through three of the toughest years this economy has seen in living memory. Your success in such times is eloquent testimony to your team’s creativity, resilience, and tenacity.”
“We were all thrilled to make the Inc. 5000, and even more thrilled with how high we placed. It’s extremely gratifying to be recognized like this,” said Aquatherm North America President Adam Clark. “We work hard to bring the world’s safest piping system to North America, and we expect to see continued growth as we focus on improving training and providing exceptional customer support in the coming year.”
"Not all the companies in the Inc. 500|5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy,” said Schurenberg.
An Upward Course
Inc.reports a median three-year growth rate of 142% of Inc. 500|5000 companies—whereas Aquatherm boasts a growth rate almost double with a three-year growth rate of 244%. Aquatherm, the North American partner of Aquatherm GmbH, markets and supports the German-manufactured polypropylene-random (PP-R) pipe systems which are rapidly being integrated into a large variety of plumbing, HVAC, and industrial pipe applications throughout the U.S. and Canada.
Inc. Methodology
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, some companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million. Inc. reserves the right to decline applicants for subjective reasons. For more information visit: http://www.inc.com/inc5000/list/2013.