Oxnard, California, 2/23/2024 – INC MAGAZINE revealed that Associated Building Supply Inc. is No.163 in its fourth annual INC Regionals Fastest Growing Privately Held Companies!
These 1,132 Companies are blazing a Trail to the Inc.5000! Inc. Regionals honors the fastest-growing privately held companies by region over a two-year period. These are emerging companies. Research shows these firms also tend to be the biggest job creators in America. Their growth, by extension, often makes them disrupters. They’re formidable–and they have a lot of wisdom to share.
With a Two-Year Revenue Growth of 56%, Associated Building Supply Inc. ranks No. 163 in the Pacific Region, which encompasses California, Oregon, Washington, Hawaii, & Alaska. Born of the annual INC 5000 franchise, this regional list represents a unique look at the most successful companies within the Pacific economy’s most dynamic segment–its independent small businesses. Associated Building Supply Inc. was previously honored #4246 in the 37th annual INC 5000 National Fastest Growing Privately Held Companies list on August 15th, 2018!
The companies on this list show a remarkable rate of growth across all industries in the Pacific region. Between 2020 and 2022, these 170 private companies had an average growth rate of 162.77 percent; by 2023, they’d also added 10,689 jobs and $5.5 billion to the region’s economy. Complete results of the Inc. 5000 Regionals: Pacific, including company profiles, can be found at inc.com/Pacific starting February 27, 2024. You’ll also find an interactive database that can be sorted by industry, metro area, and other criteria. “The honorees in our Inc. 5000 network are the Who’s Who of private companies. They’re energizing regional economies as they engineer the future of their industries. Learn who they are and what they do — they’ll be impacting things for a while,” said Eric Hagerman, Special Projects Editor at Inc. Media.
Companies on the 2024 Inc. Regionals are ranked according to percentage revenue growth from 2020 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. The minimum revenue requirements are $100,000 for 2020 and $1 million for 2022. All honorees must pass the Inc. editorial review.
