WAKEFIELD, R.I.--(BUSINESS WIRE)--Local Rhode Island company Best Practice Energy (BPE) has been featured on Inc. magazine’s list of the 5,000 fastest-growing private companies in the United States for the 3rd year in a row. They came in at #3,859 for the entire country while also ranking #3 for all of Rhode Island companies featured on the list this year.
Making the Inc. 5000 list more than once is an extraordinary feat in and of itself. Making the list 3 times in a row is frankly remarkable as a mere one in eight companies have been able to accomplish this in the longstanding history of the publication. Furthermore, a fraction of the tens of thousands of companies that have applied to the Inc. 5000 list in the past have made it on more than once.
President, founder and CEO Bryan Yagoobian had this to say in response to the news:
“We are both humbled and honored to be recognized on the Inc list 3 years in a row now. This accolade is a testament to all the hard work, dedication, and determination that each member of Best Practice Energy puts in every day. Their persistence, unwavering willpower, and sheer tenacity is truly something to behold. I couldn’t be prouder of my team.”
Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million.
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/inc5000.
About Best Practice Energy:
Best Practice Energy is a strategy & engineering-based energy consultant committed to working closely with their customers to provide them with both a comprehensive & competitive view of the market as well as innovative & intelligent energy procurement solutions tailored specifically to their business's needs. Their ultimate objective is ensure their clients are getting the most value out of their energy contracts by helping them avoid significant, unneeded costs by using a variety of progressive energy procurement techniques. To learn more about Best Practice Energy, visit their website.