Inc. 5000 2021 Names New Western One of the Nation’s Fastest-Growing Private Companies in America
DALLAS, Aug. 17, 2021 /PRNewswire/ -- National real estate investment company New Western, today announced the company earned its place on the Inc.5000 2021 list which recognizes the top 1% of privately held companies in the nation.
Over the past three years, New Western reported consistent fast-paced growth — a significant milestone when considering the many challenges all businesses faced in 2020 due to the pandemic. Since its inception in 2008, New Western has experienced nearly 50% annual growth on average for the past 12 years. New Western is continuing its hyper-growth trajectory and anticipates growing 60% annually over the next five years.
At the core of its business, New Western plays a critical role in the revitalization of thousands of residential properties every year and supports entrepreneurs in their pursuit of financial independence. As the largest private source of distressed investment properties in the nation, New Western offers real estate investors easy access to opportunities they wouldn’t have otherwise and has completely transformed the way residential real estate is bought and sold.
“The recognition of being on the Inc. 2021 5000 list underscores our team’s hard work and commitment to disrupting the real estate industry,” said Stuart Denyer, co-founder and CEO, New Western. “Like every company that shares this honor, we faced many challenges as the pandemic turned the world on its head. I’m proud that not only did we make it through this year without reducing our workforce by a single person, but we also thrived. Our team’s grit and drive have firmly placed us on a trajectory of continued hyper-growth and success.”
Since 2008, New Western has played a vital role in the revitalization of more than 33,000 homes nationwide. In 2020 alone, it facilitated the revitalization of $1.7 billion in residential real estate. The company works with real estate investors, agents and sellers to help improve the value of neighborhoods across the country.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Among the 5,000 companies included on this year’s list, the average median three-year growth rate soared to 543%, and median revenue reached $11.1 million. Together, those companies added more than 610,000 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/inc5000/2021.
For more information about New Western, please visit https://www.newwestern.com.
About New Western
New Western is a national real estate investment company that provides solutions for both homeowners and real estate investors through our exclusive marketplace. Our portfolio of companies helps homeowners move on from difficult properties while providing opportunities for local real estate investors to invest in their communities. New Western operates in most major metropolitan areas across the nation. Our brands include New Western, HomeGo and Sherman Bridge Lending. Each of these divisions focuses on helping to solve a specific need. For more information, visit www.newwestern.com.
More about Inc. and the Inc. 5000
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000. 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 web sites, 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 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
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SOURCE New Western