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Ace Asphalt Makes Inc. Magazine’s List of 5,000

21-Aug-2008

Phoenix, AZ – Ace Asphalt has once again been included on Inc. Magazine’s annual ranking of the 5,000 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs. Taken as a whole, the companies on this list represent the backbone of the U.S. economy. 

“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”

Ace Asphalt started as a small Wisconsin striping company in 1966 called Parking Stripes Inc.  With growing sales and opportunities, John Drexler brought his company to Arizona and in 1981, Ace Asphalt of Arizona was formed. Today, Ace Asphalt is setting the standard in the Arizona construction industry for quality customer service through its reliability, responsiveness, and results. As the largest private grading, paving, and pavement maintenance company in the state, Ace Asphalt paves or resurfaces over 180 million square feet per year.

“We are pleased to once again be included among the fastest growing businesses in America,” commented Tim Drexler, President and CEO of Ace Asphalt.  “The construction industry, like many others, has experienced some challenges in the past year due to the changing economy. Our business has stayed successful by maintaining our focus on what we have always done better than other contractors; providing a reliable and responsive service for clients at a reasonable cost without cutting corners.  This past year, our growth also reflects an increase in the amount of concrete work that we perform for our clients.”

Construction slipped from the largest business category on the list in 2007 to number 3 in 2008.  Ace Asphalt is among 464 of the fastest-growing companies in this category.  I.T. Services replaces Construction in the top spot with 579 companies represented, followed by Business Services with 532.  Manufacturing (405) is fourth with Advertising & Marketing rounding out the top five industries with 361 companies represented.

Industries reporting the highest median revenue are Travel ($38.8 million), Financial Services ($16.3 million), Logistics ($15.4 million) Government Services ($14.2 million), and Energy ($14.2 million).

The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007.  To qualify, companies must be U.S.-based and privately held, for profit, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.

The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent.  Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded.  Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com

About Inc.com
Inc.com, the Daily Resource for Entrepreneurs, delivers advice, tools, breaking news, and rich multi-media to help business owners and CEOs start, run, and grow their businesses more successfully. Information and advice covering virtually every business and management task, including marketing, sales, finding capital, managing people can be found at www.inc.com.

About Ace Asphalt
Ace Asphalt has served thousands of business customers and has completed over 50,000 projects in nearly 42 years of business.  As the largest private grading, paving, and paving maintenance company in Arizona, Ace Asphalt paves or resurfaces over 180 million square feet per year.  Ace Asphalt has been ranked by its customers among the Top 5 Heavy Construction Companies in Arizona for the past 8 years and was recently named the top asphalt paving, excavation & grading contractor in the Southwest region by McGraw-Hill’s Southwest Contractor magazine.  For more information, contact us at 602-243-4100.

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The professionalism that Gary Mowery and the rest of your team displayed during the entire job, beginning to end was great. Being an “Out of Town” contractor, we don’t often get treated like a life-long client. In this case we were and we look forward to any future project we can do with you and your team.

Ray Eriks, Cambridge Companies
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