It’s official—Spartan Pool & Patio is one of the fastest-growing privately held companies in the entire nation.
Inc. Magazine included Spartan on its annual Inc. 5,000 list for 2020. Since 1982, the list has kept tabs on what the business-focused media outlet calls the most successful, most dynamic businesses in the country, giving such giants as Microsoft and Patagonia some of their earliest exposures.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” Inc. editor-in-chief Scott Omelianuk said in a press release. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
Spartan Pool & Patio is a family-owned business serving the Norman, Moore and Oklahoma City, Okla., areas. We specialize in designing and constructing new pools and spas, and we also offer updates and remodels of existing pools, weekly cleanings, equipment repairs, spring openings and fall closings, and the sale of pool supplies such as patio furniture, pool toys and much more. You can find a wealth of consumer and general pool information on our website.
Inc. ranked Spartan 1,259th on its list after we grew 355 percent in just three years.
Inc. chose this year’s 5000 by comparing percentage revenue growth in 2016 and 2019. Requirements included being U.S. based, privately held, for profit and independent (not a subsidiary). Minimum required revenue for 2016 was $100,000 and for 2019, $2 million.
This proved an especially impressive year for the 5000 list as a whole. According to a press release, the 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
While an industry group predicts a 1.4 percent decline in swimming pool sales due to the coronavirus pandemic and the resulting drop in disposable income, we are seeing families across our region rediscovering the joy of backyard pools and old-fashioned family fun as other summer activities have been curtailed.
Did you know? According to liveabout.com:
- Swimming claims to be the fourth favorite activity in the U.S. (walking is No. 1)—but it’s No. 1 for kids!
- There are over 300,000 U.S. public swimming pools.
- There are over 10 million backyard pools.
- Thirty-six percent of kids and 15 percent of adults swim at least six times a year.
United States family-owned businesses number 5.5 million, accounting for an astonishing 57 percent of the gross domestic product, according to the Family Business Alliance. They pay 63 percent of the nation’s workers and create 75 percent of new jobs.
For those of us at Spartan Patio & Pool, keeping our business in the family—and treating our employees like they’re part of it—also gives us the chance to run things according to our own values rather than letting the bottom line dictate all.
“We are a family-based, family-oriented business committed to serving our clients with honesty and integrity in a professional manner that brings glory to God,” we’ve written on our website. “We provide our clients with the joy of worry-free pool ownership, the beauty of crystal clear, clean water, and the peace of mind of a trained professional at their service.
“We help our clients love their pools.”
Business media brand Inc. boasts award-winning multiplatform content that reaches more than 50 million people each month via websites, newsletters, social media, podcasts and print. Its prestigious Inc. 5000 list offers global recognition to up-and-coming companies, giving them an opportunity to engage with an exclusive community of their peers and a new credibility that helps them drive sales and recruit talent.
Inc.’s September issue featuring the Inc. 5000 hit newsstands Aug. 18. An award presentation occurs in October. The winners also appear in an interactive database with more information: www.inc.com/inc5000.
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