Lab Pro Inc Ranks Among America’s Fastest-Growing Private Companies
NEW YORK, August 15, 2023 – Inc. revealed today that Lab Pro Inc, located in Sunnyvale, CA, has achieved an impressive rank of No. 4005 on the 2023 Inc. 5000 list, an annual compilation of the fastest-growing private companies in America. This recognition underscores Lab Pro Inc's remarkable growth within the economy's vibrant entrepreneurial sector. Notably, Lab Pro Inc has secured the following additional distinctions: it holds the notable position of #548 in California, highlighting its statewide impact; it has achieved an impressive #52 rank in the Health Products category, a testament to its contributions in the health sector; and on a regional level, Lab Pro Inc has excelled, securing an exceptional rank of #39 in the San Jose-Sunnyvale-Santa Clara, CA area. This esteemed ranking offers a data-driven insight into the achievements of the most successful companies in the economy's most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and numerous other widely recognized brands all earned their initial national recognition by being honored on the Inc. 5000, a distinction that now includes Lab Pro Inc.
"We are grateful for this recognition as one of the fastest-growing company on the Inc. 5000 list. This achievement stands as a testament to the unwavering dedication and collaborative spirit of our exceptional team members, the trust and support of our valued customers, and the strong partnerships we share with our manufacturer partners. Together, we continue to drive Lab Pro Inc. toward greater heights of lab innovation, excellence, and success."
— Ari Pailakian, CEO of Lab Pro Inc.
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
"We are grateful for this recognition as the 4005th fastest-growing company on the Inc. 5000 list. Our remarkable journey includes being ranked #548 in California, #52 in Health Products, and an impressive #39 in the San Jose-Sunnyvale-Santa Clara, CA region. This achievement stands as a testament to the unwavering dedication and collaborative spirit of our exceptional team members, the trust and support of our valued customers, and the strong partnerships we share with our manufacturer partners. Together, we continue to drive Lab Pro Inc. toward greater heights of lab innovation, excellence, and success."
— Ari Pailakian, CEO of Lab Pro Inc.
About Lab Pro Inc.
At Lab Pro Inc., our unwavering dedication to providing comprehensive laboratory solutions has been at the heart of our mission for over four decades. Since our establishment in 1979, we have been a steadfast partner to laboratories worldwide, offering a diverse range of high-quality lab supplies, equipment, and services. Our commitment to excellence has allowed us to stand out as a trusted industry leader, consistently meeting the evolving needs of our valued customers.
For all media inquiries, please contact:
Attention: Marketing Manager
Telephone: 888-4-LABPRO (888-452-2776)
More about Inc. and the Inc. 5000
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
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