ADCO Named one of 2020's Fastest Growing Private Companies

Inc. Magazine Unveils Its Annual List of

America’s Fastest-Growing Private Companies—the Inc. 5000

ADCO Hearing Products Ranks No. 3144 on the 2020 Inc. 5000

With Three-Year Revenue Growth of 122.43% Percent

NEW YORK, August 12, 2020 – Inc. magazine today revealed that ADCO Hearing Products is No. 3144 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.

"To say we are honored to be in this list would be an understatement. Our team has worked hard to differentiate ourselves, develop a strong hold in this industry, and create a path for continued success."  said Abby Armijo, President of ADCO Hearing Products. "Being a part of the Inc. 5000 puts us among some of the greatest companies and most successful businesses in this country, and creates a renewed sense of excitement and drive for us all to continue on this path." 

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 18.

“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.”

The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.

ADCO Hearing Products is a multi-line distributor serving the hearing healthcare industry for over 70 years. With a focus on building partnerships and long-term relationships, ADCO is more than a supply partner, they are an extension of the healthcare partners they serve. Product lines include clinical audiology supplies, medical supplies, hearing aid accessories, ear care products, amplified products, and assistive devices. ADCO is a leader in hearing healthcare distribution and the preferred partner for audiology supply. 

For more information about becoming a partner with ADCO Hearing Products, or for questions regarding the Inc. 5000 honor, please call 800-726-0851 or email sales@adcohearing.com. 

More about Inc. and the Inc. 5000

Methodology

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/.