As the recession sunk much of the economy in Elkhart, Ind., in early 2010, Matt Arnold could have simply hunkered down and prayed he’d hold on to his finance job at Precision Painting, a company that paints newly built recreational vehicles.
As reported by the Elkhart Truth, Arnold did just the opposite. Despite enjoying his work at Precision Painting, he left it to launch Look Trailers Inc. in Bristol, which manufactures enclosed steel cargo trailers. He had grown up in the industry, working for years at a cargo trailer plant his father founded.
Arnold says he wasn’t scared.
“I like a challenge, and I like looking at what this can continue to grow into,“ Arnold said. ”I think I was more surprised by the growth than afraid of the challenge.“
More than four years after its entry into the highly competitive market, LGS Industries, which includes Look Trailers, was recognized as one of the nation’s fastest-growing privately held companies when it made the Inc. 5000 list.
The companyranked No. 1,013, posting 2013 revenues of $50.9 million – a 439 percent increase over 2010. Employment has grown from 98 in 2010 to 360 today, combining plants in Middlebury, Georgia, Utah and Arizona.
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