SSB BART Group was honored for the second year in a row as one of Inc. Magazine’s fifth annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents a comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. This year’s ranking at 2,624 is an impressive move up for SSB from last year’s spot at 3,033. SSB BART Group joins Yelp, ING Solutions, Clearview Solutions, Astrum Solar, Edge Solutions, Integrity Funding and Gold & Silver Buyers, among other prominent brands featured on this year’s list.
In a stagnant economic environment, the companies on this year’s list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.
SSB’s CEO Tim Springer commented, “Over the last ten years, in a time of economic volatility and uncertainty, SSB has returned a 25.65% compound growth rate. During that time we have stabilized our balance sheet, increased our current assets by a factor of ten while decreasing non-trade liabilities to zero. Our disciplined approach to financial management has put SSB in an excellent position to invest, create jobs and seek strategic acquisitions in a challenging economic environment. Coupled with the liquidity options we have been able to provide to our shareholders, SSB provides a clear and compelling return on investment for investors and employees of the company.”
“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. Editor Eric Schurenberg.
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008 and be U.S.-based, privately held, for profit, and independent (not subsidiaries or divisions of other companies) as of December 31, 2011 (Since then, a number of companies on the list have gone public or been acquired). The minimum revenue required for 2008 was $100,000; the minimum for 2011 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 and represent the top tier of the Inc. 5000.