La Crosse Litho Supply, LLC named to the 2009 Inc. 5000
Wednesday, October 28, 2009
Press release from the issuing company
(Sussex, WI) -- Inc. magazine today ranked La Crosse Litho Supply, LLC on its third annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. This marks the third year in a row that La Crosse Litho Supply has been named to the Inc. 5000 list, joining such companies as consumer electronics maker Vizio, rental car service Zipcar, and beverage maker Honest Tea on the 2009 list.
"Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate," said Inc. 5000 project manager Jim Melloan. "That's why our list is so eagerly anticipated every year."
Originally founded in 1974 as a regional graphic arts dealer, La Crosse Litho Supply was purchased in 1999 by Randall M. Peters and has realized growth in annual sales of more than tenfold. The graphic arts equipment and consumables dealer relocated its national headquarters from La Crosse, Wisconsin, to Pewaukee, Wisconsin, in late 2000. To better serve its customers, La Crosse Litho Supply moved into a new headquarters facility in August 2007. This new state-of-the-art facility, located in Sussex, Wisconsin, is nearly triple the size of its former headquarters. In 2009, La Crosse Litho Supply opened a brand new office and distribution center in Indianapolis, Indiana, to better serve its expanding customer base in the region.
"La Crosse Litho Supply is extremely honored to make the Inc. 5000 list for the third straight year," said Randall M. Peters, President. "We attribute our success to our 'do whatever it takes' mentality, our technological expertise and offerings and our extensive product line of graphic arts consumables and equipment. No other dealer in the industry has the personnel, the depth and breadth of products, and the expertise to be a 'one-stop shop' for the printing industry."
The 2009 Inc. 5000, unveiled on Inc.com, serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy. 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 on Inc.com.
This year's list also offers a preview of which industries are poised for growth in coming years. With an average growth rate of 667 percent, Insurance ranked as the top industry overall. Government Services was the top industry gainer with 252 companies on this year's list, up from 135 last year. Health is the top industry by both total revenue ($22.7 billion) and total employment (156,223 jobs).
The Hottest Regions for Fast-Growing Companies
Once again, California tops the Inc. 5000 with the most companies of any state with 612. The Golden State is followed by Texas (393), New York (316), Florida (263), and Virginia (261). All 50 states, plus Washington, D.C., and Puerto Rico, are represented on this year's list.
New York boasts 371 Inc. 5000 companies, making it the top metropolitan area, followed by Washington, D.C. (317), Los Angeles (253), Atlanta (209), and Chicago (203).