REI Utility Services Recognized Among America's Fastest-Growing Companies on Inc. 5000 List
REI Utility Services ranks No. 2,355 on the prestigious Inc. 5000 list, highlighting its rapid growth and significant contribution to supporting electric utilities across the Southern United States.
REI Utility Services has been named to the Inc. 5000 list of America's fastest-growing private companies, ranking No. 2,355 in the prestigious annual ranking. The list, compiled by Inc., recognizes the most successful independent and entrepreneurial businesses in the U.S. economy, with past honorees including major corporations like Microsoft, Meta, and Under Armour.
Mitchell Mayo, Chief Executive Officer of REI Utility Services, attributed the company's growth to the trust of utility partners and team dedication. He stated that the recognition validates their mission of delivering high-quality engineering, field services, and technology solutions to power electric utilities across the Southern United States. The company remains focused on expanding services and innovating to meet evolving utility industry needs.
This year's Inc. 5000 honorees have demonstrated exceptional growth despite economic uncertainty, inflationary pressure, and a fluctuating labor market. Among the top 500 companies, the median three-year revenue growth rate reached 1,552 percent, and these companies collectively added more than 48,678 jobs to the U.S. economy over the past three years. For the full list, company profiles, and a searchable database by industry and location, visit https://www.inc.com/inc5000.
Mike Hofman, editor-in-chief of Inc., emphasized that earning a spot on this year's list speaks volumes about a company's tenacity and clarity of vision. He noted that these businesses thrived amid rising costs, shifting global dynamics, and constant change, serving as a powerful reminder that the entrepreneurial spirit drives the U.S. economy.
The Inc. 5000 ranking methodology requires companies to be U.S.-based, privately held, for-profit, and independent, with specific revenue thresholds. Companies must have been founded and generating revenue by March 31, 2021, with minimum revenue of $100,000 for 2021 and $2 million for 2024. Inc. reserves the right to decline applicants for subjective reasons.