Norris Named for Second Year to Inc. 5000 List

  

Norris Automotive Group Named to the 2014 Inc. 500|5000 as one of America's Fastest-Growing Private Companies for the Second Consecutive Year 
Company Reports Three-Year Sales Growth of 50% with Annual Revenue Exceeding $252 Million 

Inc. magazine recently named Norris Automotive Group for the second consecutive year to its annual Inc. 500|5000 list, an exclusive ranking of the nation's fastest-growing private companies.  Norris Automotive Group sells and services new and used vehicles from eight retail locations and operates six commercial vehicle sales, service and parts centers across Maryland.  Over the last three years, revenues grew 50% from $168.6 million to $252.1 million, during which time the company added 135 jobs. 
 
Norris Automotive Group CEO Andrew Franklin said, "We are thrilled to be named one of the fastest growing companies in the U.S. for a second year in a row, and we're especially proud to be the top-ranked retailer and only automotive dealer in Maryland on the list. It's a great tribute to our dedicated, hard-working and talented team of employees."

The Company joins nationally recognized companies such as Under Armour, Pandora, LinkedIn and TrueCar as current and former members of this prestigious list.  Additionally, the company was the only retailer in Maryland to make the list. 

"What surprises me, even though I know it's coming, is the sheer variety of the paths our entrepreneurs take to success, thematically reflecting how our economy has evolved," says Inc. President and Editor-In-Chief Eric Schurenberg.

The 2014 Inc. 5000 is the most competitive crop in the list's history with the average company on the list achieving a mind-boggling three-year growth of 516%. The Inc. 5000's aggregate revenue is $211 billion, generating 505,000 jobs over the past three years. The annual Inc. 5000 event honoring all the companies on the list will be held from October 15 through 17, 2014 in Phoenix. Speakers include some of the greatest entrepreneurs of this and past generations, such as Michael Dell, Martha Stewart, and host of the CNBC show "The Profit" Marcus Lemonis.

ABOUT NORRIS AUTOMOTIVE GROUP:
Norris Automotive Group has been serving the automotive needs of Baltimore and surrounding areas since 1917. With locations in Dundalk, Ellicott City, Rosedale, and White Marsh, Norris Automotive Group boasts an extensive inventory of new, previously owned and certified used vehicles. Its retail dealerships include Norris Acura, Norris Ford and Norris Honda. The Norris Commercial Division maintains over $7 million in parts inventory, 45 parts delivery vehicles servicing the mid-Atlantic region with multiple daily deliveries, three dedicated commercial service facilities in Baltimore, Rosedale and Washington D.C., a mobile hydraulics repair service, 18 mobile service crews that operate 24/7, and the largest commercial vehicle sales team in the region. 

ABOUT THE INC. 500|5000:
The 2014 Inc. 5000 is ranked according to percentage revenue growth when comparing 2010 to 2013. To qualify, companies must have been founded and generating revenue by March 31, 2010. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2013. The minimum revenue required for 2010 is $100,000; the minimum for 2013 is $2 million.

The Inc. 500|5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements.

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