Maddox Industrial Transformer has been recognized on the 2024 Inc. 5000 list, coming in at No. 556 among the fastest-growing private companies in the United States. This marks the sixth consecutive year that Maddox has been featured on the list, following their 2019 ranking of No. 283.

The company achieved a notable three-year revenue growth rate of 798 percent, making it the 10th fastest-growing company in the energy sector. Camden Spiller, CEO of Maddox Industrial Transformer, attributed this accomplishment to the support of their customers, partners, and team members. “Being on the Inc. 5000 list for six years in a row reflects the hard work and dedication of everyone involved,” Spiller said.

Since its establishment in 2015, Maddox has expanded from its initial location in Greenville, SC, to four additional facilities across the U.S., serving customers in all 50 states, as well as Canada and Mexico. The company specializes in both reconditioned and new electrical transformers, addressing industry-wide challenges related to supply chain and lead times.

The Inc. 5000 list highlights companies that have demonstrated significant revenue growth over the past three years.

Source: postandcourier.com