Inc. 5000 list includes LRS among fastest growing companies

Inc. 5000 list includes LRS among fastest growing companies

With 134 percent revenue growth between 2018 and 2021, the Illinois-based company ranked 3,756th on the annual list.

October 5, 2022

LRS, among the nation’s leading independent waste diversion, recycling and portable services providers, has been honored with a second consecutive ranking on the Inc. 5000 list of fastest-growing companies in the United States.

The list offers a unique look at the country’s fastest-growing private businesses and is a benchmark for entrepreneurial success. Listed in the Inc. 5000’s “Environmental Services” category, the Rosemont, Illinois, company, founded in 1999, ranks as the nation’s 3,756th fastest-growing company in 2022 and is in the 104th spot among Midwest companies.

LRS’ rankings were based on a 134 percent, three-year revenue growth rate based on an Inc.-verified review of the company’s financial statements submitted as part of the application process. Companies on the 2022 Inc. 5000 list are ranked according to percentage revenue growth from 2018 to 2021.

“We are honored to once again be recognized by the editors of Inc. as one of America’s fastest-growing private companies,” LRS President and CEO Alan T. Handley says. “Our success would not be possible without the passion and dedication of our employees, from drivers and mechanics to laborers and customer service teams who, each day across 10 states, help advance our mission to be the industry leader in innovative and environmentally responsible waste and recycling solutions.”  

For four decades, Inc. has celebrated the fastest-growing private companies in America, with companies such as Microsoft, Under Armour and Patagonia gaining their first national exposure as honorees on the Inc. 5000 list. Joining LRS, the companies on the 2022 Inc. 5000 represent a cohort of fast-growing private businesses succeeding amid supply chain challenges, labor shortages and the ongoing impacts related to COVID-19.

“The accomplishment of building one of the fastest-growing companies in the U.S. in light of recent economic roadblocks cannot be overstated,” Inc. Editor-in-chief Scott Omelianuk says.

The growth of LRS during 2021-22 includes more than 30 acquisitions during that period, complementing the company’s organic growth. The company offers commercial and residential services across 10 states, including Illinois, Wisconsin, Iowa, Indiana, Michigan, Minnesota, Kansas, Arkansas, Tennessee and Mississippi.