Houston, Texas – August 21, 2012
Allied Power Group was named No. 2,732 on the 2012 Inc. 5000 list of fastest-growing privately held companies in the United States for the seventh year in a row. The company reported a four-year revenue growth of 75%, from $20 million in 2007 to $39 million in 2011. Inc. also ranked Allied Power Group No. 54 in the Top Companies in Houston, Texas, and No. 68 in the Top Companies in Energy.
“To be honored this year is a particularly notable achievement,” wrote Eric Schurenberg, Editor in Chief of Inc. magazine, in a letter to Allied Power Group announcing the honor. “Your company had to thrive through three of the toughest years this economy has seen in living memory.”
Allied Power Group repairs gas and steam turbines in the U.S. The Company has leveraged several external factors to accelerate its success. As coal falls out of favor, gas turbines have increased in popularity and energy demands continue to rise. In addition, the continual deregulation of U.S.-produced energy sources has allowed for more competitive pricing in non-OEM products.
According to Keith Marler, President of Allied Power Group, “We are truly honored to be listed on the Inc. 5000 fastest-growing companies once again. Every one of our employees works hard for the company – and our customers – to help make this happen.”
Allied Power Group continues to grow its revenue at an exponential pace. They look forward to opening an expanded shop floor later this year, which will allow for additional in-house repair capabilities.
Allied Power Group
Allied Power Group specializes in the high quality repair of industrial gas and steam turbine engine components. Specifically, the Company focuses on hot gas path and combustion components from GE, Westinghouse and other leading OEMs. Since 2007, the company has been ranked each year on the Inc. 5000 list of fastest-growing privately held companies, and in 2006, was named No. 378 on the Inc. 500 list. Allied Power Group is located at 10131 Mills Road, Houston, TX 77070. Visit them online at www.alliedpg.com.