Houston, TX, Aug. 24, 2012 (GLOBE NEWSWIRE) — Inc. magazine today ranked Worldwide Power Products (WPP) a power-generation equipment provider to industrial clients worldwide, number 620 on its sixth annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy: America’s independent entrepreneurs. WPP was also recognized as the 25th fastest growing company on the Inc 5000 list of energy firms, an industry that has experienced a 77% growth rate. They were ranked number 9 in the Houston, TX, market they call home.
“The team at WPP has worked diligently to establish a durable business model fulfilling the portable and on-demand power needs of countless organizations around the globe,” said WPP Executive VP Mark Lum. “Our ranking on the Inc. 500|5000 affirms what we have known all along: hard work results in record growth even in a mediocre economy.”
In a stagnant economic environment, median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent. The companies on this year’s list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.
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.
“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. Editor Eric Schurenberg.
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 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/500.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
About Worldwide Power Products
Recently recognized by Forbes Magazine as one of America’s 100 Most Promising Companies, Worldwide Power Products specializes in power generation equipment including new and used engines and generator sets. As an independent company based in Houston, Texas, the company buys and sells new and used generator sets and engines worldwide. In addition, the firm provides engineering, maintenance and repair plus rental services for job sites in Texas, Louisiana and the Gulf of Mexico. Generator sets range in size from 20kW – 2500kW and engines range in size from 150hp – 4000hp. Brand specialties include Caterpillar generator sets and engines and Cummins generator sets. For more information and a complete list of inventory, visit: www.wpowerproducts.com.