Ponte Vedra Beach, FL - (August 27, 2014) – The September 2014 issue of Inc. magazine ranked Navitas Lease Corp. number 421 on its 33rd annual Inc. 500, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 500.
Gary Shivers, President and CEO of Navitas stated, “This is a great achievement for our company, one that all of our employees, investors, and partners are extremely proud of. I strongly feel that our dramatic growth is due to our total company focus on helping our customers transform the way they use financing, from simply a procurement method into a new customer acquisition strategy. To us, that means never stop listening to what our customers need to meet their growth goals and keep innovating new solutions to ensure they achieve them. Our current and future success is tied to our core vision, which is to provide creative capital solutions to fund future Inc. 500 companies, which is the driving force of everything we do at Navitas.”
“Although we have made some recent strategic acquisitions, most of our growth is organic. This validates that our business model is delivering real value to the marketplace. The financial sector continues to be faced with its own unique set of challenges including, trying to grow your business in a very difficult economic climate, which makes our success even more rewarding. The exciting news is, we are still a very young company with a lot of new products and services still to come, which keeps me very optimistic about our continued future success,” added Rich Pfaltzgraff, the Senior Vice President and Chief Financial Officer of the company.
The 2014 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 516%. The Inc. 5000’s aggregate revenue is $211 billion, generating 505,000 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.
"What surprises me, even though I know it’s coming, is the sheer variety of the paths our entrepreneurs take to success, thematically reflecting how our economy has evolved,” says Inc. President and Editor-In-Chief Eric Schurenberg. “This year there are far more social media and far fewer computer hardware businesses than there were, say, six years ago. But what doesn’t change is the fearsome creativity unleashed by American entrepreneurship.”
Methodology The 2014 Inc. 5000 is ranked according to percentage revenue growth when comparing 2010 to 2013. To qualify, companies must have been founded and generating revenue by March 31, 2010. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2013. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2010 is $100,000; the minimum for 2013 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/5000.
About Navitas Lease Corp. Navitas is an equipment finance company headquartered in Ponte Vedra Beach, Florida, with offices in Boca Raton, Florida, Parsippany and Mount Laurel, New Jersey, Grand Island, Nebraska, Atlanta, Georgia as well as Columbia, South Carolina. The company provides equipment financing to small and medium sized businesses nationally, through developing referral programs with equipment vendors and through lease brokers in its RLC Funding Division. For more information about Navitas please visit our website at www.navitaslease.com or call 877-NAVITAS (628-4827).
About Inc. Magazine Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
### If you would like to know more about Navitas Lease Corp. or to schedule an interview please contact Rich Pfaltzgraff at 904.543.2575 ext. 105 or email richpfaltzgraff@navitaslease.com.