For the 3rd Time, Accelerated Brands Makes Inc. 5000, at No. 482 in 2023, With Three-Year Revenue Growth of 1,213 Percent
Accelerated Brands Ranks No. 482 on the 2023 Inc. 5000
NEW YORK, Sept. 22, 2023 /PRNewswire-PRWeb/ — Inc. revealed last month that Accelerated Brands ranks No. 482 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
“We are incredibly proud and humbled to be recognized on the prestigious Inc. 5000 list for the 3rd time said CEO and Founder, Justin Strickland. This achievement is a testament to the unwavering dedication and innovation of our team at Accelerated Brands. As we accelerate into the future, we remain committed to driving excellence, pioneering technology, and delivering vehicles that redefine the automotive industry.”
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. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years. 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 www.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.”
Since partnering with Princeton Equity Group in 2022, Accelerated Brands has executed countless major and minor acquisitions that’s helped drive the growth and success of the brand. Fueled by these acquisitions and strong organic growth, Accelerated Brands is committed to continuing to grow across all its verticals, expanding the brands’ footprint to more than 300 locations across the US by the end of this year.
About Accelerated Brands
Accelerated Brands, headquartered in Winston-Salem, NC, is the parent company of to a variety of aftermarket automotive brands within the Quick Lube and Car Wash sectors: Strickland Brothers 10 Minute Oil Change, Trademark Car Wash, Quickshine Car Wash, Magic Express Wash & Lube, The Express Wash, Delta Car Wash Express. Accelerated Brands has over 200 locations, over 1,750 employees and combined, all businesses generate more than $240 million in system sales and service approximately 3 million vehicles annually. For more information, visit www.acceleratedbrands.com.
More about Inc. and the Inc. 5000
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. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
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 award-winning 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 an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.