CARY, IL — Light Efficient Design announced that it is ranked #1355 on the prestigious 2017 Inc 5000, a listing of the nation’s fastest-growing private companies.
In making the list a fourth time, Light Efficient Design reached a milestone that very few companies achieve. Eric Schurenberg, President and Editor in Chief of Inc Media notes that only one in ten companies that have been ranked on the list have gone on to make the list four times. “This is a truly extraordinary accomplishment,” Schurenberg said.
The listing also notes that Light Efficient Design, which is ranked 24 among manufacturing companies on the Inc 5000, had revenues of $37.4 million in 2016 and a remarkable three-year growth rate of 301 percent.
“We couldn’t be prouder to have achieved such outstanding growth and be in the company of other private industry pace setters for a fourth year,” said Light Efficient Design Founder and CEO, Tim Taylor. “I especially want to congratulate our team that continues its commitment to high quality and exceptional service,” he continued. “It’s because of their professionalism and inventiveness that we’ve experienced the tremendous growth necessary to maintain a leadership position in a competitive arena.”
Taylor notes that Light Efficient Design has created one of the broadest product lines among LED retrofit manufacturers and continues to innovate. In 2017, the company introduced the 3 Series of LED technologies that make it easy for customers to find retrofit solutions for any commercial application.
The 2017 Inc 5000 list can be found online at inc.com/inc5000. Companies that made the 2017 Inc 5000 list grew, on average, over sixfold since 2013, during a stretch of time when the economy grew just 6.7 percent.