CROWN COVERINGS MAKES INC 5000 LIST
Inc. Magazine Unveils Its Annual List of America’s Fastest-Growing Private Companies — The Inc. 5000
Crown Coverings Ranks No. 2560 on the 2020 Inc. 5000 With Three-Year Revenue Growth of 160.57 Percent.
NEW YORK, August 12, 2020 – Inc. magazine today revealed that Crown Coverings is No. 2560 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.
“I am very proud and thankful for our employees and customers that continue to believe in Crown Coverings Inc. Making the Inc. 5000 back to back is a distinct honor, and true reflection of our team’s persistent pursuit for growth. The current year might be inundated with obstacles, but our Crown team hasn’t stopped creating, evolving, and adapting. We will continue to celebrate our successes as and learn from our failures and most importantly take time every day to remind ourselves what we are doing this for.” -Rocco Molfese President/CEO of Crown Coverings, Inc.
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 18.
“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.
Crown Coverings, Inc. was designed as a business where employees grew as individuals, and customers cultivated relationships with experts they can rely on. Founders, Rocco and Cheri Molfese, knew their combined experience and talents would best serve the construction industry as a specialty trade. Crown wasn’t just a start up, for these partners it was a start over in their personal and professional lives. After experiencing complete financial ruin, they were starting from scratch, realizing they could only count on who they were as people. With grit, determination and complete loyalty to each other, their motivation became their motto. Crown works on the inside, literally and figuratively, because who you are inside matters. Fueled with determination, their vision was to build an interior finishes company that covered several product lines. The initial specialties focused on flooring and countertops. Tailoring offerings to solve the unique concerns of each project, they quickly built a reputation of resourcefulness and expertise and gave Crown a strong foothold as a non-union specialty trade. From there they have grown. Crown has since expanded to offer additional services such as consulting, painting, seating/millwork, and offers maintenance and care through Crown’s partnership with milliCare. The most recent expansion for Crown is the development of Crown at Home. With a parallel vision, Crown at Home brings the same customer service and solutions providing talents to the residential marketplace serving homeowners, property investors, and Realtors. With services ranging from kitchen remodels, to interior packages for new construction, their team has you covered. Crown Coverings recognizes that every customer desires knowledgeable representatives to provide solutions that fit their personal and professional projects. Crown Coverings, Inc. is proud to present a team that exemplifies expertise in customer service. Because Who You Are Inside Matters!
More about Inc. and the Inc. 5000
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.com.
For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.