SylvanSport named A 2023 Fastest Growing Company by Inc. 5000
Aug 16, 2023 03:01PM ● By WNC Business
BREVARD — Inc. revealed Brevard, NC-based SylvanSport has been named to its annual Inc. 5000 list, the ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment — its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
The companies on the 2023 Inc. 5000 have not only been successful, but have also demonstrated resilience amid a myriad of business challenges. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.
SylvanSport ranks at 1,554 on the 2023 Inc. 5000, but even more notable is SylvanSport ranks 97th in the consumer products category in this ranking. This ranking provides a data-driven look at the most successful companies within the industry.
"It is an honor to receive this ranking, recognizing the incredible work and perseverance of the SylvanSport team who navigated the company past the supply chain challenges of the pandemic into an environment of unprecedented demand for our product. It’s a testament to the employees and our rapidly growing SylvanSport community who continue to be our biggest champions. The introduction of SylvanSport gear and innovative new products such as the SylvanSport VAST has ignited this growth and we look forward to continuing industry leadership through innovation,” commented Tom Dempsey, founder and CEO of SylvanSport.
"It is an honor to receive this ranking, recognizing the incredible work and perseverance of the SylvanSport team who navigated the company past the supply chain challenges of the pandemic into an environment of unprecedented demand for our product. It’s a testament to the employees and our rapidly growing SylvanSport community who continue to be our biggest champions. The introduction of SylvanSport gear and innovative new products such as the SylvanSport VAST has ignited this growth and we look forward to continuing industry leadership through innovation,” commented Tom Dempsey, founder and CEO of SylvanSport.
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years with SylvanSport continuing to create employment opportunities in Western North Carolina. For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to Inc.com/Inc5000.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000 — with the fast growth that requires — is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
For more information on SylvanSport, visit SylvanSport.com.
About SylvanSport:
Headquartered in the heart of Blue Ridge Mountains of North Carolina, SylvanSport manufactures lightweight tow behind campers and outdoor gear. Since 2004, SylvanSport’s mission has been to make camping more comfortable for everyone to enjoy. SylvanSport’s products range from personal camping gear including backpacks, sleep systems, and camping kitchens to rooftop tents, gear trailers, haulers, pop-up campers, and travel trailers including the award-winning GO camper and VAST travel trailer. Visit SylvanSport.com to learn more.
MORE ABOUT INC. AND THE INC. 5000
Methodology
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent — not subsidiaries or divisions of other companies — as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with a community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit Inc.com.
Source: Darby Communications
Source: Darby Communications