Maine Company Ranks #24 Among the Nation's Fastest Growing M
BRUNSWICK, Maine, Aug. 12, 2020 /PRNewswire/ -- Inc. magazine revealed today that STARC Systems, a manufacturer of temporary modular wall containment systems used for occupied renovations and infection isolation solutions for healthcare facilities, ranked No. 1058 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. STARC Systems had a 3-year growth of 438% which places it #24 among all manufacturing companies in the U.S. The Inc. 5000 list represents a unique look at successful companies within the American economy's most dynamic segment—its independent small businesses.
"We're honored to be included on the Inc. 5000 list for a second year in a row," said, Chris Vickers, President and CEO of STARC Systems. "This recognition is a result of how hard our entire team has worked to deliver temporary containment systems and instant isolation solutions as quickly as possible to contractors and healthcare facilities across the country."
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000's aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
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.
"The companies on this year's Inc. 5000 come from nearly every realm of business," says Inc. editor-in-chief Scott Omelianuk. "From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism."
About STARC Systems
STARC Systems is a temporary wall containment company and leader in healthcare renovation and isolation preparedness solutions. Our reusable temporary wall systems exceed ICRA Class IV and ASTM E-84 requirements and help reduce infection spread, while allowing healthcare facilities to easily install, move and reconfigure panels to create anterooms and airborne infection isolation rooms (AIIR) for their patients and employees. With a customer satisfaction score of 9.9 and a 91% customer reorder rate, leading healthcare facilities, including Brigham & Women's Hospital, Virginia Commonwealth University Medical Center, Ohio State University, Mayo Clinic, Wexner Medical Center, and the Cleveland Clinic continue to rely on STARC Systems to solve their temporary containment challenges. STARC Systems' RealWall™ received the 2019 Healthcare Design Award. To learn more, go to www.starcsystems.com.
More about Inc. and the Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 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
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
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SOURCE STARC Systems