Inc. Magazine Unveils Its Annual List of America’s Fastest-Growing Private Companies—the Inc. 5000 - P.J. Wallbank Springs, Inc.
Port Huron company keeps internships going amid pandemic
July 7, 2020

For the 3rd Time, P.J. Wallbank Springs Inc. Appears on the Inc. 5000, Ranking No. 3951 With Three-Year Revenue Growth of 89% Percent

NEW YORK, August 12, 2020 – Inc. magazine today revealed that P.J. Wallbank Springs Inc. is No. 3951 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“We are honored to have made the Inc. 5000 list as one of the 5,000 fastest growing organizations in the United States for the 3rd year in a row! Accomplishing this achievement for 3 consecutive years would have been impossible without the determination and commitment from our employees,” said P.J. Wallbank Springs, Inc. President Chris Wallbank. “Our employees are what truly sets us apart from other companies and they are what makes achievements like this possible. If you are interested in joining an organization that is focused on impacting the world through people’s lives, then visit us at www.pjws.com/careers. We are always looking to hire great people!”

Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million 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. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.

“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”

The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.

P.J. Wallbank Springs, Inc., founded 35 years ago in Port Huron, is the global leader in the design and manufacture of spring packs for automatic transmissions. An engineering focused company, the organization started by designing and building its own proprietary manufacturing equipment in order to produce its spring packs, a strategy it continues to utilize to this day. Today, the organization exports 50% of its production outside of the United States, with over 50% of its export volume being shipped to China. Core to the organization’s success has been the organization’s people.

CONTACT: FOR ADDITIONAL INFORMATION ABOUT P.J. WALLBANK SPRINGS, INC. OR FURTHER DETAILS ABOUT THIS PRESS RELEASE, PLEASE CONTACT KEVIN BOYEA AT 810-987-2992 OR EMAIL US AT WALLBANK@PJWS.COM AND REFERENCE INC 5000.

More about Inc. and the Inc. 5000

Methodology

The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. 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 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. 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 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.comhttp://conference.inc.com/.