With Two-Year Revenue Growth More Than Double, Allegiant Utility Services Ranks No. 87 on Inc. Magazine’s List of the Southwest Region’s Fastest-Growing Private Companies
Companies on the 2022 Inc. 5000 Regionals Southwest list had an average growth rate of 154% percent.
Manor, Texas, May 3, 2022 – Inc. magazine recently revealed that Allegiant Utility Services is No. 87 on its third annual Inc. 5000 Regionals Southwest list, the most prestigious ranking of the fastest-growing private companies based in Arizona, New Mexico, Oklahoma, and Texas. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Southwest region economy’s most dynamic segment–its independent small businesses.
“I credit much of Allegiant’s strength and growth to our tremendous team who was able to pivot amid industry-wide supply chain challenges and expand our offerings to help utilities provide uninterrupted service to their customers,” Jeffrey DeVries, CEO of Allegiant Utility Services. To achieve this record growth, Allegiant has continued to diversify their offerings as they did in 2020 with a focus on renewed meters to meet their customer’s needs in a complex environment of supply chain shortages and shifting timelines. They’ve continued adding value to their customer base by expanding their Field Services offerings in 2022 as Utilities continue to face worker shortages and hiring challenges. Their strong relationship with their customers has allowed them to meet their evolving demands while also significantly growing their nationwide base.
The companies on this list show a remarkable rate of growth across all industries in the Southwest region. Between 2018 and 2020, these 141 private companies had an average growth rate of 154% percent and, in 2020 alone, they added 10,563 jobs and nearly $10.9 billion to the Southwest region’s economy. Companies based in the Austin, Texas, Scottsdale, Arizona, and Fort Worth, Texas, areas had the highest growth rate overall.
Allegiant’s growth in the Southwest has been mirrored throughout the U.S. “We have people and resources nationwide that we leverage and deploy in our customer’s local market in a variety of ways. This allows us to strategically align our teams providing a customized solution to our customer’s unique business and objectives,” Mark Kodet, COO of Allegiant Utility Services.
Complete results of the Inc. 5000 Regionals Southwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/southwest starting March 15, 2022.
“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies. They’re disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come,” says Scott Omelianuk, editor-in-chief of Inc.
About Allegiant Utility Services
Founded in 1996 in Manor, Texas, Allegiant Utility Services is a leading provider of meter and network installation services enabling utilities to improve their network’s ability to reliably serve customers. Allegiant installs more than 525,000 meters and network devices annually using its network of employees located all over the United States. It is a veteran-owned business whose leadership team has more than 100 years’ experience in utility sectors for electric, gas and water serving rural electric cooperatives and municipalities. Learn more at: www.allegiantutilityservices.com
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More about Inc. and the Inc. 5000 Regionals
The 2022 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2018 and 2020. To qualify, companies must have been founded and generating revenue by March 31, 2018. 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 2018 is $100,000; the minimum for 2020 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.