TREVOSE, Pa. — Online tire retailer SimpleTire secured a spot on Inc. magazine's list of the 5,000 fastest-growing privately held companies in the U.S in 2019.
SimpleTire achieved a three-year revenue growth rate of 1,200.9 percent, which ranked it No. 383 on Inc.'s 2019 list. Last year, SimpleTire joined the Inc. list at No. 419, with a three-year revenue growth of 1,197 percent.
The company also ranked No. 16 among retail companies on the list.
SimpleTire is an online tire retailer that sources tire inventory from independent tire suppliers across the country. SimpleTire sells tires in all categories, including passenger, light truck, commercial, agriculture, OTR, industrial and ATV.
"We're honored to again be recognized as one of the fastest-growing private companies in America and are truly grateful for everyone's continued trust in SimpleTire," SimpleTire CEO Andy Chalofsky said. "Our sustained growth is a testament to the team we've assembled and the outstanding support we receive from our suppliers, partners and customers.
"As a private company, we understand the impact that small businesses have on our economy. That's why our business model is built on providing small, independent tire suppliers with a place in the e-commerce market so that they can continue to thrive."
Companies on the 2019 Inc. 5000 list achieved a median three-year growth of 157.4 percent; their combined revenue was $237.7 billion with an average 2018 revenue of $47.5 million.
SimpleTire said it continues to grow because the company is constantly looking for ways to innovate. For example, Mr. Chalofsky said SimpleTire recently expanded its installation program so consumers can receive "white glove" installation at a transparent, flat rate.
He said SimpleTire is continuing to look for independent tire suppliers and installers across the U.S. for its online customers and it is adding to the nearly 100 employees at its Trevose headquarters with positions in IT, sales, marketing, human resources and logistics.