Parts Town has been named a 2019 Fast 50 honoree by Crain’s Chicago Business, ranking as the 18th fastest growing company in the Chicago metropolitan area.
The company, a leading parts distributor in the foodservice equipment market, has climbed eight spots from last year’s list and was also placed in the Top 10 for Most Local Employees within the Chicagoland business community.
It is seventh time Parts Town has received the honor which picks out Chicago metro businesses with impressive and “astronomical” five-year revenue growth.
Parts Town has reported very strong growth figures in recent times, with $534 million in revenue in 2018, up 27% in one year and an 84% increase since 2013.
In addition, the company is rapidly expanding its team member count and facility size, while the finishing touches will be applied on expanded automation technology in its 300,000-square-foot distribution center and office space at its Addison headquarters in the next month.
The firm’s CEO, Steve Snower, said: “Our culture remains our most significant competitive advantage. We have an amazing team that demonstrates our core values every day, which allows us to innovate rapidly to serve our partners.
“We are excited for another year of high growth ahead as we continue to invest in our business, our team and our community.”
To be eligible for the award, companies must be at least six years old, have had at least $15 million in revenue in 2018 and be headquartered in the seven-county Chicago area (Cook, DuPage, Kane, Lake (Ill.), Lake (Ind.), McHenry and Will counties).
The publication selects and ranks honorees by comparing revenues over a five-year growth period, enabling them to gauge which industries are continually growing and which companies are emerging as the region’s front-runners.
Parts Town is the market-leading distributor of genuine OEM (original equipment manufacturer) foodservice equipment parts, with headquarters in Addison, Illinois.