ARLINGTON, Va., Aug. 21, 2014 /PRNewswire/ -- Reliant Asset Management ("Reliant"), a leading specialty rental company providing premier modular space solutions to customers in growing industry sectors, today announced it has been ranked number 3 on the Inc. 5000 – Inc.'s annual list of the fastest growing private companies in the U.S. – achieving revenue growth of more than 55,000% over the last three years.
Reliant's fast growth has been driven in part by the financing, development and operation of remote workforce housing for energy companies operating in U.S. and Canada. In addition to operating "crew-camps," the company offers single and multi-story modular space solutions for the education, healthcare, office, retail, corrections and emergency response markets.
"We are honored by this prestigious recognition, which is a reflection of our team's tremendous commitment to serving customers," said Barry Roman, co-founder of Reliant Asset Management. "We take great pride in our ability to quickly respond to our customers' changing needs by coordinating and customizing modular space solutions."
Since the company was founded in early 2010, Reliant has experienced rapid revenue growth – from just $185,000 in 2010 to more than $85 million in 2013.
"We look forward to building on our strong growth trajectory as we help meet the increasing demand for high quality, sustainable, and cost-effective modular building solutions," added Reliant co-founder Michael Roman.
Headquartered in Arlington, Virginia, with offices in Houston, Texas, Perris, California, Troy, Texas and Edmonton, Canada, Reliant was founded in 2010 by two brothers, Barry and Michael Roman, each of whom has nearly 30 years of experience in the modular building industry. Today, Reliant owns and leases 5,000 modular buildings across 43 states, as well as in Alberta, Canada and Ontario, Canada.
Energy Boom = Modular Housing Demand
The housing challenges facing many energy boom communities in Texas, North Dakota, New Mexico and Alberta, Canada have contributed to the company's strong performance. In fact, the "crew camp" trend has enabled Reliant to flex its operational expertise, as evidenced by the company's ability to provide a "full service" community living solution to customers. In addition to managing building leasing, Reliant has developed a unique market position by coordinating food, recreation, maintenance and other services in remote locations.
The expanded use of modular classrooms has also contributed to Reliant's continued growth as more schools are relying on these buildings as a safe, affordable and flexible solution for fluctuating enrollments. Additionally, Reliant has seen increasing interest from governmental clients who have embraced modular leases as an immediate solution for providing temporary health and dental clinics while existing facilities are refurbished.
Modular construction has emerged as a popular building trend and a sustainable alternative to traditional construction. Since construction occurs in a factory, this approach enables building to occur simultaneously with on-site preparation resulting in significantly quicker project completion – often in half the time of traditional structures. Modular buildings are also constructed with the same materials and are required to maintain compliance with the same building codes as their traditional counterparts.
About Reliant Asset Management
Reliant Asset Management is a leading specialty rental company providing premier modular space solutions to customers in growing industry sectors. It is a fully integrated provider of modular space solutions with in-house design and engineering, manufacturing, transportation, installation and project management. The company focuses on acquiring, financing, developing and operating remote workforce housing for energy companies operating in U.S. and Canada, as well as for end-users in the education, healthcare, office, retail, corrections and emergency response markets. For more information about Reliant, please visit the company's web site at www.rammodular.com.
SOURCE Reliant Asset Management