Sea Tow on List of Nation’s Fastest Growing Private Companies
August 25, 2011
Inc. magazine today ranked Sea Tow Services International Inc. No. 4802 on its 5th annual Inc. 500/5000, 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 entrepreneurs. Online retailer ideeli tops this year’s list. Sea Tow, the nation’s leading marine assistance provider, joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list.
Sea Tow posted a 9% growth in sales over the 3-year period, 2007 to 2010, reflected by the 2011 Inc. 500/5000. This is the second appearance for the Long Island-based company on the magazine’s prestigious list. Sea Tow ranked No. 4489 on the 2007 Inc. 5000, with 43.8% sales growth over the prior 3 years.
“We are proud to be ranked once again among the businesses Inc. magazine has singled out as the fastest-growing private companies in America,” said Sea Tow Founder and CEO Capt. Joe Frohnhoefer. “The marine industry has been hit very hard over the past few years, but due to the value of our product, the loyalty of our customers and the passion of our local Sea Tow captains, Sea Tow has been able to weather the storm.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.