TEXAS - Inc. magazine revealed that VanTran Transformers made the third annual Inc. 5000 Regionals Southwest list of fastest-growing private companies for a second consecutive year.

This list ranks the fastest-growing private companies based in Arizona, New Mexico, Oklahoma, and Texas. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Southwest region economy's most dynamic segment-its independent small businesses, VanTran said in a press release.

The companies on the list show a remarkable rate of growth across all industries in the Southwest region. Between 2018 and 2020, these 141 private companies had an average growth rate of 154% percent, and, in 2020 alone, they added 10,563 jobs and nearly $10.9 billion to the Southwest region's economy. Companies based in Austin, Texas, Scottsdale, Arizona, and Fort Worth, Texas, areas had the highest growth rate overall.

"This year's Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America's off-the-charts growth companies. They're disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you'll be hearing about for years to come," says Scott Omelianuk, editor-in-chief of Inc.

VanTran's growth over the past two years has led to its second consecutive year on both the Regionals Southwest list and Inc. 5000 list.

Source: VanTran Transformers