NEW YORK, Aug. 20, 2015 /PRNewswire/ -- Inc. magazine ranked Midwest Prototyping No. 4178 on its 34th annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. Representing the most comprehensive look at America's independent entrepreneurs, the list serves as an entrepreneurial benchmark of success.
"It's an honor to make the list again this year, and to make it four years in a row is definitely something I'm proud of. This is really an opportunity to recognize our whole team for continuing to work closely with our customers, educating them on the possibilities of 3D printing and then, of course, delivering when it matters most," said Steve Grundahl, founder and president of Midwest Prototyping. "We've built fantastic partnerships with our customers and being entrusted with their projects is the most gratifying part."
With a three-year growth rate of 67%, this marks Midwest Prototyping's fourth consecutive year named among the Inc. 5000, a feat accomplished by less than 10% of other Inc. 5000 list members. Adding a total of 13 jobs in the last year, the company posted revenue of $4.7 million in 2014.
Recently, Midwest Prototyping brought two additional 3D-printing technologies to its facility in Blue Mounds, Wis. Launching both professionally-focused Fused Deposition Modeling (FDM) and photopolymer jetting (Objet/Polyjet) services, the new printers make a total of 15 machines and 5 distinct technologies offered in-house, in addition to extensive urethane-casting and finishing departments.
According to Inc. magazine, with listed companies averaging three-year growth rates of 490% and aggregate revenue of $205 billion, this year's Inc. 5000 is the most competitive group in the list's history. It's estimated approximately 647,000 jobs have been generated over the past three years due to the explosive growth of Inc. 5000 members.
"The story of this year's Inc. 5000 is the story of great leadership," says Inc. President and Editor-In-Chief Eric Schurenberg. "You have to remember that the average company on the Inc. 5000 grew nearly six-fold since 2012. Business owners don't achieve that kind of success by accident."
About Midwest Prototyping
Midwest Prototyping is an industry leader in 3D printing and additive manufacturing, specializing in rapid prototyping and low-volume production. One of the nation's largest independent service bureaus, since 2001, Midwest Prototyping has consistently provided clients with quality products and unrivaled customer support.
For more information on Midwest Prototyping, visit www.midwestproto.com
SOURCE Midwest Prototyping