Middlebury, Ind.-based LGS Industries, the parent company of LOOK, Pace American and Cargo Express trailers, has been ranked number 1,013 on Inc. Magazine’s Inc. 5000 list — an exclusive ranking of the nation’s fastest-growing private companies.
According to a press release, companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn and Zillow, gained early exposure as members of the Inc. 500/5000 list.
Matt Arnold, founder and president of LGS Industries, contributes the growth to the experienced group of individuals that work at each of the plants.
“Many of the production, management and sales teams have worked in this industry for 20-plus years in various capacities,” he said. “These individuals know how to build quality products with industry-leading turns. We also consider our relationship with our dealer base a partnership. We look for their input to build innovative products that have excellent margins and this strategy is paying dividends.”
The 2014 Inc. 5000 is ranked according to percentage revenue growth when comparing 2010 to 2013. To qualify, companies must have been founded and generating revenue by March 31, 2010. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies — as of Dec. 31, 2013.
LGS Industries is listed under the category” Consumer Products and Services” and has a three-year growth of 439%.