mdi 2020 Inc. 5000 Press Release


mdi Inc. 5000 Florida Press Release

Inc. Magazine Unveils Its First-Ever List of Florida’s Fastest-Growing Private Companies
— The Inc. 5000 Series: Florida

Manufacturers Distributor, Inc. Ranks No. 226 on the inaugural
2020 Inc. 5000 Series: Florida With Two-Year Revenue Growth of 53 Percent


NEW YORK, March 18, 2020 – Inc. magazine today revealed that mdi is No. 226 on its inaugural Inc. 5000 Series: Florida list, the most prestigious ranking of the fastest-growing Florida-based private companies. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Florida economy’s most dynamic segment—its independent small businesses.

The companies on this list show stunning rates of growth across all industries in Florida. Between 2016 and 2018, these 250 private companies had an average growth rate of 302 percent and, in 2018 alone, they employed more than 56,000 people and added $12.6 billion to the Florida economy. Companies based in the Tampa, Miami, and Naples metro areas brought in the highest revenue overall.

Complete results of the Inc. 5000 Series: Florida, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/inc5000-series-florida-2020 starting March 18, 2020.

“The companies on this list demonstrate just how much the small-business sector impacts Florida’s economy,” says Inc. editor in chief Scott Omelianuk. “Across every single industry, these businesses have posted revenue and growth rates that are beyond impressive, further proving the tenacity of their founders and CEOs.”

mdi, Manufacturers Distributor, Inc., was established in 2002 by Sam Arledge. mdi has office and warehouse locations in Tampa, FL, Houston, TX, Phoenix, AZ, and Charlotte, NC opening in September. mdi is an authorized, national distributor of high quality industrial equipment and product lines from top brands which include aluminum pipe and fittings, hose reels, oil-less air compressors, compressed air dryers, vacuum pumps, electric and hydraulic winches, davit cranes, electric motors, industrial firefighting equipment, pneumatic tools, and more. We dedicate ourselves to thoroughly understanding our products and maintaining the most up-to-date information. Being the expert is the core of our business philosophy and mdi is committed to providing the highest quality products with World Class Customer Service.

More about Inc. and the Inc. 5000 Regional Series

Methodology
The 2020 Inc. 5000 Regional Series is ranked according to percentage revenue growth when comparing 2016 and 2018. 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, 2018. (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 2018 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

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.