ECOSYSTEMS RANKS NO. 48 ON 2020 INC. 5000 LIST OF FASTEST-GROWING COMPANIES IN U.S.
Water and energy conservation firm is the fastest-growing in environmental services category
MIAMI, FL (August 12, 2020)— EcoSystems, a water and energy conservation company that designs and implements programs that have saved over 3 billion gallons of freshwater and more than 120 million kilowatt-hours in energy, is pleased to reveal its rank as Number 48 on the 2020 Inc. 5000 list, the most esteemed ranking of the nation’s fastest-growing private companies. Founded in 2012 with $5,000 and no outside funding, EcoSystems’ three-year revenue growth of 5890.9 percent places them as the fastest-growing company in the Environmental Services category. This is the second year in a row that the firm has ranked in the top 100 companies on the Inc. 5000, up 27 spots from the Number 75 rank it received in 2019.
“We are honored to rank within the top 100 on the Inc. 5000 list of fastest-growing companies for the second year in a row,” said Lawrence Lamondin, Co-Founder and Co-CEO of EcoSystems. “As a service company in the sustainability and construction space, we are scaling at a rate that is extremely rare in our sector. We look forward to continuing to build and grow our team and our offerings, as well as our impact on the environment.”
Notable efforts leading to EcoSystems’ placement on the 2020 Inc. 5000 list include the acquisition of a Denver-based sustainability firm and the launch of a new energy division. The firm also achieved notable savings for a Texas-based apartment community—saving 36 million gallons of freshwater and more than $365,000 annually, resulting in an eight-month return on investment.
“We’re here for the environment first and foremost. Being recognized for exponential business growth means our environmental impact is accelerating and that conservation truly is good for business,” shared Richard Lamondin Jr., Co-Founder and Co-CEO of EcoSystems.
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. 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.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “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.”
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/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12. The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020.
To learn more about EcoSystems and its mission, visit www.EcoSystems.com.
EcoSystems is a water and energy conservation company whose mission is to address the challenges of water security, housing affordability, climate change, and sea-level rise—all while proving that conservation is good for business. The firm, founded by brothers Richard and Lawrence Lamondin, earned the rank of 48 on the 2020 Inc. 5000. Their programs have made a significant impact on more than 150,000 people across 28 states, saving more than 3 billion gallons of freshwater, more than 85,000 metric tons of carbon dioxide and more than 120 million kilowatt-hours in energy savings.
More about Inc. and the Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.