RC Mowers, which manufactures remotely operated and autonomous robotic mowers, yesterday announced that it was ranked 1,417 in its first appearance in the 2023 Inc. 5000 list of the fastest-growing private companies in the U.S.
“Earning a spot on this prestigious list validates what our customers tell us – that our products solve real business challenges and provide significant revenue opportunities for their businesses,” said RC Mowers CEO Michael Brandt, in a release.
“Our inclusion on the Inc. 5000 list is a testament to our employees’ hard work and dedication to improving our company year after year,” he added. “We are honored to be included alongside some of the most innovative companies from across the nation.”
RC Mowers growing to meet industry demand
Founded in 2018 as Embankscape Equipment LLC, RC Mowers said its robotic mowers address labor challenges and improve opportunities for profitability and growth. It serves landscaping contractors, public works departments, and more, as well as city, county, state, and federal parks systems and roads departments.
The company, which is based in Suamico, Wisc., near Green Bay, said all of its Autonomous Mowing Robots (AMRs) are designed and manufactured in the U.S. They come with a 30-day buy-back guarantee and a 72-hour parts-shipping guarantee.
RC Mowers noted that it is not only the 18th fastest-growing manufacturing company on the list, but it is also the 12th fastest-growing company in Wisconsin and the second fastest-growing business in Green Bay. RC Mowers opened a new $4.8 million facility in February designed to meet its growth and industry demands.
In May, the company released its new R Series AMRs, replacing older versions of its remote-operated mowers.
About the Inc. 500
Inc. magazine said its Inc. 5000 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.”
The companies in this year's list have rapidly grown revenue while facing inflation, the rising costs of capital, and persistent workforce challenges, said Inc. Business Media.
“Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238%,” it said. “In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.”
“Running a business has only gotten harder since the end of the pandemic,” said Scott Omelianuk, editor-in-chief of Inc. “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.”
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, nominees must have been founded and generating revenue by March 31, 2019.
Candidates must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2022. (Since then, some companies may have gone public or been acquired.) The minimum revenue required for 2019 was $100,000; the minimum for 2022 was $2 million.
Inc. reserved the right to decline applicants for subjective reasons. It calculated growth rates used to determine company rankings to four decimal places. The top 500 companies will be featured in the September issue of Inc. magazine, available on newsstands beginning Aug. 23, and Inc. will host a conference and gala from Oct. 31 to Nov. 2 in San Antonio, Texas.
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