PROFIT and Canadian Business unveils 29th annual list of Canada's Fastest-Growing Companies
Montréal, QC, (September 20, 2017) Canadian Business and PROFIT today included Vortex Aquatic Structures International (www.vortex-intl.com) for the third consecutive year on the PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies. Published in the October issue of Canadian Business and at PROFITguide.com, the 29th annual PROFIT 500 ranks Canadian businesses by their five-year revenue growth.
A manufacturer and world leader in aquatic play solutions, Vortex reported a five-year revenue growth of 166%, a marked improvement over 2016's five-year growth of 131% and 2015's of 84%. Over the last two years, Vortex climbed more than 100 spots and is ranked 35th amongst companies larger than $50M.
"It is never easy to earn a spot on the PROFIT 500, but this year's applicant pool was the most competitive yet. This year's winners demonstrate the resilience, innovation and sheer management smarts it takes to build a thriving business today. Canada—and the world—needs more entrepreneurial success stories like these," says Deborah Aarts, PROFIT 500 program manager.
"During our 22 years, we have always experienced steady growth. Making the PROFIT 500 for the third consecutive year validates our strategy and mission, especially as our percentage revenue growth continues to climb. Our goal is to lead the aquatic play industry by continuing to develop the most fun, innovative and safe products for families and children of all ages and abilities," says Stephen Hamelin, President and CEO of Vortex. "That means developing new categories of products that anticipate the needs of our customers, whether they are amusement parks, hotels, resorts, or campgrounds. It also means expanding our sales and technical support offices, now in more than 10 locations around the world."
"As always, our growth is a tribute to our dedicated employees, partners and loyal customers," Hamelin adds.
Over the past 12 months, Vortex has broadened its reach into new vertical and geographic markets while enhancing its North American channel. The company continues to expand its product lines both to meet customer needs as well as continue to innovate designs that enhance water management to reduce costs and be eco-friendly.
About the PROFIT 500
For 29 years, the PROFIT 500 has been Canada's most respectable and influential ranking of entrepreneurial achievement. Developed by PROFIT and now published in Maclean's magazine and at CanadianBusiness.com, the PROFIT 500 ranks Canadian companies on five-year revenue growth. For more information on the ranking visit PROFIT500.com or CanadianBusiness.com.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.
Vortex Aquatic Structures International, headquartered in Montreal, Canada, was founded in 1995 with the introduction of the first Splashpad®. Vortex's use of the highest quality materials coupled with unique, inspiring design and state-of-the-art engineering, positioned the company as the world leader in aquatic play solutions. In 2015, the company acquired AquaBlue, a designer and manufacturer of waterslides and water play equipment.
From its global headquarters in Montreal, Vortex operates regional sales and technical support offices in the following countries: US: Texas, North Carolina, Michigan; France: Lyon and Paris; Spain: Valencia; Denmark: Copenhagen; China: Shanghai. The company has a global marketing and distribution network supporting Europe, Asia, the Middle East, Australia, and Latin America.
With over 6,500 installations worldwide, Vortex's mission is to lead the aquatic play industry by continuing to develop the most fun, innovative and safe products for families and children of all ages and abilities.