Inc. Magazine Unveils 33rd Annual List of America’s Fastest-Growing Private Companies—the Inc. 5000 Provider Power Ranks No. 1 in Energy Sector
NEW YORK, August 20, 2014 — Inc. magazine today ranked Provider Power (the parent company of Electricity Maine, ENH Power, and Provider Power Mass), NO. 6 on its 33rd annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. Provider Power is also ranked NO. 1, in the energy sector.
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|5000.
“The fact that a Maine owned energy company can compete on a national scale is a testament to all our employees,” said Kevin Dean who is the co-owner of Provider Power with partner Emile Clavet. “New England values, honest business practices and putting customers, and employees ahead of gimmicks are the key to our success.”
This is the second consecutive year that Provider Power has been ranked by Inc. Magazine.
The 2014 Inc. 500, unveiled in the September issue of Inc. (available on newsstands August 20 to November 15 and on Inc.com), is the most competitive crop in the list’s history. To make the cut, companies had to have achieved a staggering minimum of 942.6% in sales growth. The Inc. 500’ s aggregate revenue is $15.2 billion, with a median three-year growth of 1,828%, generating 23,000 jobs over the past three years. Complete results of the Inc. 500|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.”
The secret to Provider Power’s success? According to Emile Clavet, co-owner of Provider Power, the recipe is a simple one. “Offer a fair product at a fair price with no surprises and a hyperlocal support of community. Consumers in Maine and New Hampshire were sending their money to an out of state supplier and had no idea. New England consumers prefer to do business close to home.”