Summit Contracting Ranks No. 2969 on the 2023 Inc. 5000
For the 1st Time, Summit Contracting Makes the Inc. 5000, at No. 2969 in 2023, With Three-Year Revenue Growth of 176 Percent
NEW YORK, August 15, 2023 – Inc. revealed today that Summit Contracting ranks No. 2969 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
"We are both honored and humbled to be recognized by Inc. 5000, a testament to the collective spirit and tireless dedication of every member of the Summit Contracting family. Every truss raised, every bushel of grain stored, every yard poured, and every blueprint brought to life is evidence of our team's unwavering commitment to excellence. It's their craftsmanship and passion that have paved the way for our growth, ensuring that farmers in South Dakota, Nebraska, Iowa, and Kansas receive nothing but the best in farm structures. To every member of our team: thank you, this recognition belongs to you. It's your drive, your passion, and your belief in our mission that has made this achievement possible." - Tyler Samuelson, Principal/Visionary, Summit Contracting.
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
"It is an honor to be included on the Inc. 5000 list. This recognition stands as a tribute to our devoted employees who put their hearts and souls into each farm structure and to farmers who entrust us to build on their farms; both are the driving force behind our success today." – Jerad Hutchens, President, Summit Contracting.
Summit Contracting has locations in Platte (SD Headquarters), Pierre, Brookings, Mitchell, South Dakota; Seward (NE Headquarters), NE; and Sioux Center, Iowa. To learn more about Summit Contracting visit www.BuildSummit.com.
About Summit Contracting
Founded in 2009, by Tyler and Katy Samuelson, Summit Contracting is a full-service on-farm construction company with specialized crews and support staff who focus solely on their area of expertise. They specialize in building premium grain systems, post-frame and metal buildings, and livestock confinements. From beginning the project in drafting/estimating to self-performing and managing each of our projects through completion, it is our goal to build lasting relationships with our customers and provide them with quality products they can be proud of for generations. Dedicated every day from dawn to dusk, Summit Contracting strives to emulate the farmer’s work ethic in every project, no matter how big or how small. The Future of Ag is Building. To learn more about Summit Contracting visit www.BuildSummit.com.
Sonya Moller, Marketing Director
36581 SD Hwy 44 Platte, SD 57369
More about Inc. and the Inc. 5000 Methodology
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.