Allied Power Group Named No. 590 on the Inc. 5000
Posted on: Wednesday, 19 December 2007, 06:00 CST
COCONUT CREEK, Fla., Dec. 19 /PRNewswire/ -- Allied Power Group was named No. 590 on the Inc. 5000 list of fastest-growing privately held companies in the United States. The company reported a three-year revenue growth of 542.8%, from $1.9 million in 2003 to $12.5 million in 2006. Inc. also ranked Allied Power Group No. 14 in the Top Companies in Miami-Fort Lauderdale-Miami Beach, FL; and No. 19 in the Top Companies in Energy.
Allied Power Group repairs oil and gas turbines in the U.S. and supplies owners with replacement parts. The Company has leverage several external factors to accelerate its success. As coal falls out of favor, gas turbines have increased in popularity. In addition, the continual deregulation of U.S.-produced energy sources has allowed for more competitive pricing in non- OEM products.
According to CEO Bruce Agardy, "In 2000, we identified an emerging opportunity in energy and we began positioning ourselves to meet the demands of the current environment. Today, that strategy is benefiting our customers and our company."
Allied Power Group continues to grow its revenue at an exponential pace. 2007 revenue is scheduled to top $20+ million. In addition, the Company is developing a new building that will help Allied Power Group meet customer demand and enhance operations.
Allied Power Group
Allied Power Group offers Industrial Gas Turbine owners the complete package -- outstanding parts, repairs and service -- from one reliable provider. The Company offers one of the world's largest Frame 5, 6, 7 and 9 inventories, as well as a wide selection of components from Westinghouse and other OEMs. Allied Power Group also specializes in the repair of IGT components including hot gas path and combustion components from GE, Westinghouse and other leading OEMs.
CONTACT: Bruce Agardy - President, Allied Power Group 6601 Lyons Rd., Suite E1 Coconut Creek, FL 33073 Phone: 954-428-5200 Email: info@alliedpg.com
Allied Power Group
CONTACT: Bruce Agardy, President of Allied Power Group, +1-954-428-5200,info@alliedpg.com
Source: PRNewswire
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