GLOBAL TEST SUPPLY MAINTAINS RAPID BUSINESS GROWTH
Test and measurement equipment distributor achieves a four-year sales growth of 500 percent to rank as one of America’s fastest-growing private companies.
Posted: September 14, 2010
Global Test Supply (Wilmington, NC ) announced that Inc. magazine ranked Global Test Supply as No. 800 on its fourth annual Inc. 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-minded entrepreneurs.
"The leaders of the companies on this year's rankings have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 list showcases a particularly hardy group of entrepreneurs."
Founded five years ago, Global Test Supply is a B2B web-and-mortar business serving more than 10,000 customers in 89 countries. The company sells, purchases, and leases test and measurement equipment, electronic production supplies, and process control solutions. Working with more than 300 manufacturers in 440 plus product categories, their product portfolio has grown to more than 20,000 products from top brand-name manufacturers including 3M, Agilent, Flir, Megger and more.
"Making this list is the ultimate honor for our five-year-old company. Global Test Supply is a real-world model of web-based business efficiency and profitability," states Robert Preville, president and CEO. "Our young, entrepreneurial enterprise has achieved steady growth based on our proprietary, back-end business management technology and in-house development of SEO strategies. We continually develop software applications that enhance productivity in all facets of our operation. This allows us to keep our primary focus on customer service and the addition of new-to-the-market products. The result has been a loyal clientele and hard-dollar ROI."
Last year, Preville also received a distinguished Coastal Entrepreneur Award recognizing emerging ventures and entrepreneurial leaders in the Wilmington/Southeastern NC area. Global Test Supply received top honors in the Manufacturing/Distribution category. Also in 2009, the company launched Global Scientific Supply, an online superstore serving the chemical, medical and pharmaceutical sectors as a one-stop resource for scientific instrumentation and laboratory supplies that was modeled upon the success of Global Test Supply.
The 2010 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be based in the United States, privately held, for profit, and independent?not subsidiaries or divisions of other companies?as of December 31, 2009. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. The top 10 percent of companies on the list constitute the Inc. 500, now in its 29th year.
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