CHANNEL MARKS 12TH CONSECUTIVE YEAR ON INC. 5000 ANNUAL LIST OF FASTEST GROWING PRIVATE COMPANIES
Minnetonka, MN, August 13, 2024 – Channel is pleased with its inclusion on the Inc. 5000 annual list of the fastest-growing private companies in America for a 12th consecutive year. Since the list’s inception in 1982, nearly 45,000 companies have been featured, but only 90 have appeared 10 or more times, and even fewer for 12 years consecutively. The list offers a data-driven view of the most successful companies in the economy’s most dynamic segment – independent, entrepreneurial businesses.
Rob Ceribelli, President at Channel, added, "Our recent award and rise in the rankings from last year are a testament to the hard work and dedication of every team member at Channel. Our success is driven by a collaborative culture where innovation, customer-centricity, and going the extra mile are everyone’s responsibility. We’ve also embraced Ted Lasso’s mantra, 'Doing the right thing is never the wrong thing,' which we’ve posted in each of our offices as a simple, yet powerful reminder of our commitment to positive and ethical practices.”
“Being listed among the fastest-growing private companies in the U.S., and for a 12th consecutive year, is a strong testament to our passionate and dedicated team," said Adam Peterson, Managing Director at Channel. "It further proves that our culture of innovation and commitment to enduring partnerships for win-together results continues to drive us forward. This recognition belongs to each of our team members, who constantly push beyond boundaries to achieve excellence.”
Channel's recent recognition on the Inc 5000's list underscores its lasting success as it celebrates its 15th anniversary. This achievement stems from the loyalty and integrity of its partners and team members, who consistently demonstrate a commitment to "Doing The Right Thing." Their collective efforts have driven Channel's growth and success year after year.
“One of the greatest joys of my job is going through the Inc. 5000 list,” says Mike Hofman, who recently joined Inc. as editor-in-chief. “To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”
As Channel looks to the future, it remains intent on driving growth through the hard work of its partners and team members. For complete results of the Inc. 5000, including company profiles and an interactive database that may be sorted by industry, location, and other criteria, visit www.inc.com/inc5000.
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About Channel | Established in 2009, Channel is a leading full-service independent lender offering a single source solution for both equipment finance and working capital to small businesses exclusively through equipment finance companies. To date, Channel has funded over $2.2 billion to more than 24,000 businesses across the U.S., from its main office in Minnetonka, MN, along with additional locations in Atlanta, GA, Des Moines, IA, and Marshall, MN.
About Inc. | Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
Methodology | Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.