BOSTON, MA – Aug. 18, 2021 — Tank Utility, a leading provider of IoT tank monitoring and logistics optimization services, has been named to Inc. magazine’s prestigious Inc. 5000 list of the fastest-growing private companies in America. Tank Utility ranks 1,226th on the 2021 list with 393% growth during the period 2017-2020.
The Inc. 5000 represents a unique look at the most successful businesses within the American economy’s most dynamic segment. Intuit, Zappos, Under Armour, Microsoft, Patagonia and many other well-known brands gained their first national exposure with the Inc. 5000.
“The 3-year growth rate of 393% speaks to both our forward-thinking customers embracing a more energy-efficient way to deliver fuel, and our team’s tireless effort to scale every aspect of our business,” said Aaron Gress, VP of Business Development at Tank Utility. “Perhaps the best part is we are just beginning to see widespread adoption of our solution and with less than 10% of delivered-fuel tanks having a monitor, we hope to be on this list for many years to come!”
Tank Utility helps propane fuel suppliers modernize their businesses and earn higher margins every year with easy-to-use LTE tank monitoring devices that connect with industry-leading software and analytics. The Tank Utility platform offers real-time, actionable insight into customer tank levels that enable delivered fuel companies to optimize business operations by eliminating wasted deliveries and increasing drop sizes.
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on Aug. 20.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” said Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership and the help of a whole lot of people.”
For more information about Tank Utility, visit https://tankutility.com/.