Inc. Magazine has ranked Big Ass Fans® as the fastest growing manufacturing company in Kentucky as part of its annual publication of the 5,000 fastest-growing private companies in the US. Big Ass Fans was also ranked the 8th fastest growing private company in Kentucky and the 2nd fastest growing company in the city of Lexington, Kentucky. Despite the wave of economic downturn across the nation, Big Ass Fans continues to experience double digit revenue growth.
President Carey Smith stated, “I am pleased to see that our continued investment in our employees and our product innovations has led to our top rankings on the Inc. 5,000 list. Our success can be attributed to the hard work and dedication of our talented team, as well as an aggressive growth plan.”
Even with the rising cost of doing business today, Big Ass Fans has still managed to accomplish 236.6% growth since 2004 by helping their customers reduce their operating costs. Since the company started in 1999, the Big Ass Fan Company has sold over 30,000 of its very large (6 ft. to 24 ft. diameter) high volume, low speed ceiling fans to thousands of satisfied customers around the world, including such corporate giants as Coca-Cola, Toyota, and Lowe’s. Many customers have realized that the initial investment of a Big Ass Fan more than pays for itself in the energy savings alone.
The unique, patented design of Big Ass Fans incorporates 1 to 2 horsepower motors and extruded aluminum airfoils (instead of traditional fan blades) to move a very large volume of air very slowly and quietly throughout large spaces. The small motors make the fans extremely energy efficient, costing just pennies per hour to operate. When used in conjunction with an existing HVAC system, customers can expect to save 25% or more on their energy bills.
The 5,000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most importantly, the companies on the 2008 Inc. 5000 list stimulated job growth across the country, having created more than 826,033 jobs since their founding. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and location can be found at http://www.inc5000.com.