For the First Time, Modern Pro Solutions Appears on the Inc. 5000, Ranking No. 87 With Three-Year Revenue Growth of 4,906% Percent
Rhea-AI Summary
CHINO, CA / ACCESSWIRE / August 17, 2022 / Modern Pro Solutions has been ranked No. 87 on the Inc. 5000 list, marking its debut on this prestigious ranking of America’s fastest-growing private companies. The company achieved an impressive three-year revenue growth rate of 4,906%, securing the 5th position in the Energy sector and 13th in California. This recognition underscores the company's effective growth strategy and the resilience shown amid economic challenges. The complete results will be available in the upcoming September issue of Inc. magazine.
Positive
- Achieved a remarkable three-year revenue growth rate of 4,906%.
- Ranked No. 87 on the Inc. 5000 list, indicating strong market presence.
- Secured No. 5 position in the Energy sector, demonstrating significant industry impact.
Negative
- None.
News Market Reaction – HVCW
On the day this news was published, HVCW gained 28.57%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
CHINO, CA / ACCESSWIRE / August 17, 2022 / Today, Inc. revealed that Modern Pro Solutions, an energy company that is changing the way homeowners power their homes, is No. 87 overall on its annual Inc. 5000 list, No. 13 in California and No. 5 in the Energy sector, in the most prestigious ranking of the fastest-growing private companies in America.
The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment-its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"We have developed a growth strategy that is focused on providing value with our dealer partnerships," said Bobby Tetsch, Founder & CEO, Modern Pro Solutions who founded the company in 2016. "We are honored to be recognized in these respected industry rankings and being described as the fifth fastest growing energy company is a distinctive achievement."
"Our stratospheric three-year revenue growth rate of 4,
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 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 featured in the September issue of Inc. magazine, which will be available on August 23.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
Bobby Tetsch is a self-taught business visionary. He founded Modern Pro Solutions (formerly Pacific Energy Network) in 2018 to leverage his nearly 20 years of field and managerial experience in all aspects of home and business services, maintenance, and owner support.
Since starting Modern Pro Solutions, a full-service residential and commercial rooftop solar energy company, Mr. Tetsch has led an ambitious vertical integration. In 2021, Modern Pro Solutions expanded its footprint from residential solar and structured a parent company that manages subsidiary roofing, solar, HVAC, smart home, business consulting, distribution, and business financing.
Born into an Army family that helped instill the virtues of hard work, discipline, accountability, and leadership, Mr. Tetsch is intent on pioneering the integrated home services industry. His plans include expansion of MPS's territory and partnerships, and authorized dealer relationships, scaling the company's manufacturing and distribution capabilities to combat supply chain inconsistencies. Mr. Tetsch is also intent on adding a range of services such as integrating and mobilizing building data collected from internet-of-things-connected devices, building inspections, maintenance consulting, and control and monitoring software, green mortgages and bringing consumer financing in house.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is
About Inc.
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 & Gala 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 & Gala, visit http://conference.inc.com/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PEN's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond HVCW and PEN's control, will affect actual results. HVCW and PEN undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with HVCW's most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by HVCW.
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SOURCE: Harrison Vickers and Waterman, Inc.
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FAQ
What is Modern Pro Solutions' ranking on the Inc. 5000 list?
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