Inc. Magazine Unveils Its Annual List of
America’s Fastest-Growing Private Companies—the Inc. 5000
For the Sixth Time, Morales Group Ranks on the Inc. 5000,
With Three-Year Revenue Growth of 59 Percent
INDIANAPOLIS, August 14, 2020 – Inc. magazine today revealed that Morales Group is No. 4871 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“We’re extremely proud to be selected for the sixth time as a winner,” Morales Group President and CEO Seth Morales said. “What’s more remarkable is that less than 5 percent of the companies on this year’s entire list have made it six or more times.”
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.
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 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.”
Founded in 2003, Morales Group, Inc (MGI) is a vibrant and passionate group of people delivering a different kind of staffing agency experience. Headquartered in Indianapolis, with additional offices in Columbus, Anderson, and Lafayette, Indiana as well as in Louisville, Kentucky, Charlotte, North Carolina, and Dallas, Texas, MGI has successfully placed more than 175,000 teammates throughout the U.S. over the last 17 years. MGI’s strength lies in the ability to attract individuals from all ends of the globe and to offer qualified, screened talent through our divisions that target specific workforce needs.
We are proud to receive consistent industry recognition including being named an Inc. magazine 5000 Fastest Growing Private Company six times. We are especially proud to have been named one of Inc. magazine’s 2017 best workplaces. MGI is a certified Minority Business Enterprise (MBE) and a member of the American Staffing Association and Staffing Industry Analysts.
CONTACT: JACKIE MORALES
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/.