MINNEAPOLIS, Aug. 13, 2024 /PRNewswire/ -- Inc.
revealed today that STAR, the experiential marketing leader
transforming every space into a story, ranks No. 1936 on the 2024
Inc. 5000, its annual list of the fastest-growing private companies
in America. The prestigious ranking provides a data-driven look at
the most successful companies within the economy's most dynamic
segment—its independent, entrepreneurial businesses.
"We are honored to be recognized on the Inc. 5000 list of
fastest growing companies. This achievement is a testament to the
growth and success of our customers, whose trust and collaboration
have been the driving force behind our own success," said
Mark Johnson, CEO of STAR Group.
"Our commitment to delivering exceptional experiential solutions
that combine story, experience, and results creates a powerful
platform that elevates our customer, their brand, and their
business."
The Inc. 5000 class of 2024 represents companies that have
driven rapid revenue growth while navigating inflationary pressure,
the rising costs of capital, and seemingly intractable hiring
challenges. Among this year's top 500 companies, the average median
three-year revenue growth rate is 1,637 percent. In all, this
year's Inc. 5000 companies have added 874,458 jobs to the economy
over the past three years.
For complete results of the Inc. 5000, including company
profiles and an interactive database that can be sorted by
industry, location, and other criteria, go to www.inc.com/inc5000.
All 5000 companies are featured on Inc.com starting Tuesday, August 13.
"One of the greatest joys of my job is going through the Inc.
5000 list," says Mike Hofman, who
recently joined Inc. as editor-in-chief. "Congratulations to
this year's honorees for growing their businesses fast despite the
economic disruption we all faced over the past three years, from
supply chain woes to inflation to changes in the workforce."
"This amazing accomplishment is also a result of the hard work,
dedication, and expertise of our entire team at STAR. They
continually and collectively push the boundaries of creativity,
innovation, fabrication, and service for our clients," said
Johnson. "We are in constant pursuit of experiential excellence as
a trusted advisor to our customers that manages every detail from
start to finish – from big ideas to breakthrough experiences to
business results."
Methodology
Companies on the 2024 Inc. 5000 are ranked according to percentage
revenue growth from 2020 to 2023. 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, 2023.
(Since then, some on the list may have gone public or been
acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the
right to decline applicants for subjective reasons. Growth rates
used to determine company rankings were calculated to four decimal
places.
About Inc.
Inc. Business Media is the
leading multimedia brand for entrepreneurs. Through its journalism,
Inc. aims to inform, educate, and elevate the profile of our
community: the risk-takers, the innovators, and the ultra-driven
go-getters who are creating our future. Inc.'s award-winning
work achieves a monthly brand footprint of more than 40 million
across a variety of channels, including events, print, digital,
video, podcasts, newsletters, and social media. Its proprietary
Inc. 5000 list, produced every year since its launch as the Inc.
100 in 1982, analyzes company data to rank the fastest-growing
privately held businesses in the United
States. The recognition that comes with inclusion on this
and other prestigious Inc. lists, such as Female Founders
and Power Partners, gives the founders of top businesses the
opportunity to engage with an exclusive community of their peers,
and credibility that helps them drive sales and recruit talent. For
more information, visit www.inc.com.
About STAR
STAR is the experiential marketing leader
that creates, builds, and delivers captivating spaces for exhibits,
events, corporate interiors, and retail stores. From powerful
strategy to head-turning creative to flawless execution, STAR
transforms every space into a story, experience, and result. With
locations in Minneapolis, Durham,
Washington D.C., and Las Vegas, STAR's local presence, national
scale, and global reach provide comprehensive, end-to-end
capabilities to brands of all industries and sizes. To learn more,
visit www.engagestar.com or
https://www.linkedin.com/company/star.
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SOURCE Star Group