Modular Construction and Landing Another Spot on the Inc. 5000 List of Fastest Growing Companies in 2020
In what has been one of the wildest years in all facets of our lives, we wanted to recognize that VESTA Modular was once again recognized by the prestigious Inc. 5000 list earlier this year. We took the number 11 spot in the category: Fastest Growing Companies in the Midwest for 2020.
It’s another testament to the quality of service all our team members provide, our clients for trusting us to get the work done & referring us to more great institutions, and management’s ability to gracefully embrace rapid growth and the hurdles that come with hiring new staff.
See our most recent award from Crain’s Business Detroit as one of the “Coolest Places to Work in 2020”.
Data That Inc. Uses for This Award
To determine the winners of this award, Inc. utilized 3 year revenue data. As a modular construction company, we’ve seen a 3-year revenue growth of 1,248%.
As the co-founders Dan McMurtrie and Billy Hall have expressed in the past, we’ve known that modular construction checked all of the boxes that developers, schools, healthcare, government, and businesses from all industries, large or small, want from a commercial construction experience. And we’re glad to see more and more companies getting excited about the myriad of products and services we can offer them.
Why Modular Construction Will Keep Growing
The modular construction industry is large, and the companies offering these prefab products and services come in all shapes and sizes. You can generally break their services down into two distinct functions.
- They own a large number of used modular buildings that are bought or leased from other companies.
- They’re full blown custom construction companies that use modular building principles and volumetric construction techniques to deliver you any type and size commercial development.
At VESTA, we do both. That’s why we continue to see success and growth within the industry.
The following advantages are why we think we’ll continue to see growth within the modular construction industry vs. traditional, site built construction companies.
The Advantages of Modular Construction:
- Faster installation and in-use timelines than in site built construction
- Flexible leasing and buying options
- On-demand buildings are perfect for emergency response and relief efforts
- Greener, environmental form of construction
- Fully customizable designs, materials, and layouts
For a more in-depth look at this type of construction and the process involved, read our Guide to Modular Construction.
ABOUT VESTA MODULAR
VESTA Modular is a leader in modular construction as well as building sales and leasing – offering turnkey space solutions across North America.
VESTA brings a professional approach and unique perspective to its projects utilizing a greener, faster, and smarter way of building. The company leases modular buildings nationwide to customers needing additional space in the educational, hospitality, multi-family, assisted living, institutional, Government, healthcare, workforce housing, office, disaster recovery and storage industries.
The company also performs turnkey permanent modular construction projects everywhere from major metropolitan centers to some of the most remote places on earth. Consider VESTA for your future space needs and learn how we are always THINKING BEYOND THE BOX.
ABOUT INC. MEDIA
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc.is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been 3 growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.
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