Inc. magazine ranked Navitas Lease Corp. number 523 on its 34th annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. This is the second consecutive year that Navitas has made the elite Inc. 5000 rankings. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 5000.
Gary Shivers, President and CEO of Navitas stated, “Last year was a pivotal one for our company, we made major investments in technology infrastructure and product development which allowed us to enhance the way we serve all of our customers. Our goal has been to integrate our creative financing solutions directly into the way our customers do business and we are making significant progress in achieving that directive. In addition, we continue to broaden our underwriting capability which will increase the value we bring to our equipment buyer and seller populations. Finally, as a result of our strong performance we have been extremely successful in gaining the support of the capital market community to continue to access the funding we need to fuel our growth strategies.”
“This achievement is a great affirmation that our corporate vision continues to head in the right direction. The majority of our growth this year was organic, which makes this accomplishment even more satisfying for us. What is also critically important to our stakeholders is that we achieved this significant growth rate without sacrificing our portfolio quality. This type of growth is all due to the great work of our management team, dedicated staff and valued partners. With our recent new product launches and equipment market entries, we are confident that this year is shaping up to be an exciting one, as well,” added Rich Pfaltzgraff, the Senior Vice President and Chief Financial Officer of the company.