Four Area Businesses Named to Inc. 5000
YOUNGSTOWN, Ohio — Four area businesses – three in the Mahoning Valley and one in Sharon, Pa. – were named to the Inc. 5000 list for 2021.
For the second consecutive year, Perishable Shipping Solutions in Youngstown was named to the list, ranking 177 with a three-year growth of 2,382%, according to Inc.com.
The logistics & transportation company and fulfillment solutions provider for e-commerce foods and beverages improved on its ranking of 315 last year. PSS also ranked 10th this year in the Inc. 5000 Regionals: Midwest, and third in the Logistics & Transportation industry vertical.
“Sometimes your dreams can become realities,” Daniel Catullo, chief client officer and co-founder, said in a statement posted to LinkedIn. “I’ll never forget the first box I packed on a Walmart folding table in a storage facility. I’ve had so much amazing health along the way along with the best partners you can ask for.
“I get to do what I love everyday,” he continued. “I’m a lucky man!”
For the third year in a row, Medlab International in Cortland made the list, ranking 131 with a three-year growth of 3,094%. This is also the second consecutive year the durable and non-durable medical supplier ranked No. 1 in Ohio, said owner Joseph Stiver.
Since its founding in 2015, Medlab has “grown tremendously,” Stiver said. The company closed 2020 with about $24 million in revenue, up from $3.3 million in its first year.
“We’ve been really fortunate as a company,” he said. “And we’re firm believers in what goes around, comes around.”
Early in the COVID-19 pandemic, Medlab donated some 4,000 infrared thermometers in the course of one week. Stiver believes that helping others comes back to a business full circle. And that includes being available to customers day and night, he said.
“You take the extra phone call and help the extra customers. If you do that religiously, that’s how you produce the results,” he said. “[Inc. 5000] is not the finish line for us. That doesn’t mean we slow down or stop working six or seven days a week.”
Also on the list this year was Synergy Comp Insurance Co. of Sharon, Pa., which ranked 4,510 with a 59% three-year growth. This was the company’s six consecutive year on the list.
“For the past 10 years, Synergy Comp has been doubling Revenues every four years,” Lew Kachulis, company president, said in an emailed response. “Synergy Comp’s mission is to provide safer work environments for employees and, in turn, drive down employers’ costs.”
Iowa-based Involta, which has five data centers in Ohio, including one in Youngstown, as well as one in Pittsburgh, Pa., also made the list ranking 4,598, rising more than 300 positions since 2020. This is Involta’s ninth year on the list.
The IT management firm recorded a 56% three-year growth and increased its employment by 18% in that time period, according to a press release.
“We are very pleased with the growth we were able to achieve during a year that was so uncertain for many businesses,” said Bruce Lehrman, co-founder and CEO at Involta. “The unusual business climate makes being included in the Inc. 5000 list an even greater accomplishment. Our goal remains focused on empowering our clients by providing the people, processes and technology to transform their organizations, allowing them to focus on their core business.”
Pictured at top: Daniel Catullo, chief client officer and co-founder, Perishable Shipping Solutions.
Copyright 2024 The Business Journal, Youngstown, Ohio.
