WICHITA, Kan., Sept. 11, 2018 (GLOBE NEWSWIRE) -- Superior Tool Service (STS) is No. 4787 on the 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies.
The list by Inc. Magazine represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
STS made the Inc. 5000 for the first time with three-year revenue growth of 64 percent. The company’s Inc. 5000 profile may be found here.
"It's an honor to make the Inc. 5000 List for the first time," said Clint Whitney, president of STS. "With our investment in new services including industrial supply and PVD coatings, we've expanded our offerings to new and existing customers alike. That trend—coupled with our unique position in the market for custom cutting tools in days versus weeks—continues to fuel our growth."
In 2017, STS expanded into a 33,000 sq. ft. facility in order to accommodate its cutting tool manufacturing, industrial supply and PVD coating divisions. The company invested $2.2 million in equipment and hired additional employees. STS shows no signs of slowing down, with even more plans to invest in the future.
“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” said Inc. editor in chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”
About Superior Tool Service (STS)
Founded in 1987, STS is an international leader in manufacturing and distribution of carbide and hi-speed steel cutting tools, industrial supply, and PVD coating services. STS offers its own lines of carbide end mills and composite tools. STS divisions include STS Coatings and STS Supply.
Superior Tool Service serves more than 400 machine shops worldwide. Customers include leading manufacturers serving the Industrial, Aerospace, ThermoPlastics, Medical & Dental, Composites Manufacturing, Heavy Equipment & Agricultural, and Automotive industries.
For more information, visit superiortoolservice.com.
More About Inc. and the Inc. 5000 Methodology
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2017. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 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 http://www.inc.com/inc5000.
-###-