FAQ: REI Utility Services Named to Inc. 5000 List of America's Fastest-Growing Private Companies

What is the Inc. 5000 list and why is it significant?

The Inc. 5000 is the most prestigious ranking of America’s fastest-growing private companies, providing a data-driven snapshot of the most successful independent, entrepreneurial businesses. Past honorees include major companies like Microsoft, Meta, Chobani, Under Armour, and Patagonia.

What ranking did REI Utility Services achieve on the Inc. 5000 list?

REI Utility Services was ranked No. 2,355 on the annual Inc. 5000 list of America’s fastest-growing private companies.

Who is the CEO of REI Utility Services and what did they say about this achievement?

Mitchell Mayo is the Chief Executive Officer of REI Utility Services, who stated that this honor validates their mission of delivering high-quality engineering, field services, and technology solutions to electric utilities across the Southern United States.

What services does REI Utility Services provide?

REI Utility Services provides comprehensive solutions in power distribution engineering, substation testing and commissioning, joint use management, and other specialized field services for generation, substation, transmission, and distribution assets.

Where is REI Utility Services headquartered and where do they operate?

REI Utility Services is headquartered in Athens, Texas, and serves electric utilities across the Southern United States.

What were the growth statistics for the top companies on this year’s Inc. 5000 list?

Among the top 500 companies on the list, the median three-year revenue growth rate reached 1,552 percent, and these companies collectively added more than 48,678 jobs to the U.S. economy over the past three years.

What methodology does Inc. use to determine the Inc. 5000 rankings?

Companies are ranked according to percentage revenue growth from 2021 to 2024, must have been founded and generating revenue by March 31, 2021, be U.S.-based, privately held, for-profit, and independent, with minimum revenue of $100,000 for 2021 and $2 million for 2024.

How can I view the complete Inc. 5000 list and search for companies?

The complete list, company profiles, and searchable database by industry and location can be found at www.inc.com/inc5000.

What does this recognition say about REI Utility Services’ performance during challenging economic conditions?

According to Inc. editor-in-chief Mike Hofman, earning a spot on this year’s list speaks volumes about a company’s tenacity and clarity of vision, as these businesses thrived amid rising costs, shifting global dynamics, and constant change.