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NEW YORK -- Several companies operating convenience stores, including Atlas Oil, Kum & Go and Uppy's, made the 2009 Inc. 5000, a list of the fastest-growing private companies in the U.S.
Topping the third-annual listing in terms of growth rate was Miami-based Northern Capital Insurance, with year-over-year growth of 19,812.2 percent. Leading the retail sector was Diapers.com, of Montclair, N.J., with $89.4 million in revenue and 3,473.8 percent growth.
In terms of industry, energy and government services top the other industries on the list in terms of revenue growth from last year.
"Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about both young companies that are achieving success, as well as older private companies that are still expanding at an impressive rate," Inc. 5000 project manager Jim Melloan said in the report. "That’s why our list is so eagerly anticipated every year."
Kum & Go led the pack of convenience store companies on the list, placing 3,344 out of 5,000. The West Des Moines, Iowa-based retailer saw $2 billion in revenue last year, a 75.3-percent increase, according to the magazine.
Next on the list of c-store chains, at No. 3,571, was Uppy's, a Chester, Va.-based convenience store retailer with 66.9 percent growth for its $192.9 million in revenue.
Energy companies with convenience chains also made a showing on the list. The highest-ranking energy company with convenience stores on the list was The Lewis Group, based in Houston, at No. 663. The company saw growth of 418.2 percent on revenue of $62.1 million. The Shell-branded wholesaler operates approximately 30 convenience stores in the Houston market.
Next on the list for energy companies was Superior Petroleum, at No. 2,779. The Pittsburgh-based petroleum product wholesaler operates a chain of convenience stores, and generated $177.6 million in revenue last year, a 103.2 percent jump.
Atlas Oil followed on the Inc. 5,000 at No. 4,424, with 34.3 percent growth and $1.2 billion in revenue.
"We’re very proud to have been included in this year’s Inc. 5000," Sam Simon, chairman and CEO of Atlas Oil, said in a statement. "We look at this recognition as another way to validate not only our strategic plan and ability to execute on our growth objectives, but also as a means to affirm the hard work and entrepreneurial spirit that permeates the culture at Atlas Oil."
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