SPG Solar Selected as One of America’s Fastest-Growing Private Companies
NEW YORK and NOVATO, CA—August 23, 2011— Inc. Magazine today added SPG Solar to its fifth annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The comprehensive list represents the most important segment of America’s economy—independent entrepreneurs. SPG Solar joins online retailer ideeli, who tops this year’s list, along with Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands.
In a stagnant economic environment, the median growth rate of this year’s Inc. 500|5000 companies remain at an impressive 94 percent. The listed companies have created 350,000 jobs in the past three years, with aggregate revenue of $366 billion, up 14 percent from last year.
“It is our customers, who recognize the importance of quality while developing solar power systems and the financial business case for solar that has fueled our growth for the past decade and helped us make this prestigious list,” said SPG Solar CEO and President Chris Robine.
SPG Solar, a leading national solar energy company, designs and builds solar power systems for Fortune 500 companies, utilities, schools and universities, agribusiness and the public sector. Additionally, the company has designed its own proprietary solar tracking technology for ground mounted arrays and another system that allows solar to float on water.
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/5000.
More about Inc. and the Inc. 500|5000 Methodology
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 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 www.inc.com/5000.
About SPG Solar
SPG Solar is a leading national solar energy company providing distributed solar power systems to large commercial, industrial, government and public energy users. Headquartered in the Bay Area, California, SPG Solar has been delivering the highest quality solar energy solutions to its customers for over a decade. SPG Solar provides the best products and services to clients from the SPG Solar SunSeeker® Tracker, a leading ground mount system generating more solar power, to SPG Solar Structured Finance, a team providing a full array of financial resources and expertise. With over 68 megawatts installed coast-to-coast, SPG Solar is a proven solar partner. For more information on SPG Solar and distributed solar power, please visit http://spgsolar.com.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
