For the Most Promising list, Forbes looked at a number of variables and reviewed thousands of applications. The final assessment was based on growth (both in sales and hiring), quality of management team and investors, margins, market size, and key partnerships.
While the list is dominated by IT/software companies, Aquatherm is the only building industry representative. Aquatherm, the North American partner of Aquatherm GmbH, markets and supports polypropylene-random (PP-R) pipe systems which are being integrated into a variety of HVAC, plumbing, and industrial pipe applications throughout the United States and Canada.
In 2012, Aquatherm opened a new headquarters and warehouse building in Lindon, Utah, and expanded distribution partnerships with major wholesalers and manufacturer’s representatives nationwide. In 2013, the company has introduced two new products to help boost its presence in radiant heating and domestic water plumbing applications: a PEX to PP-R transition for radiant jobs and a copper stub-out for domestic water installations.
“Last year we were pleased to make the Forbes list, as it was a reflection of the hard work our growing team has put in over the last several years. With the opening of our new headquarters, outstanding new partnerships, and the introduction of truly game changing new products, we were relatively confident we’d make the list again this year,” said Aquatherm president and CEO Steve Clark.
“The fact that we were one of the dozen or so companies to repeat inspires us to continue educating North America about the benefits of Aquatherm’s unique pipe systems. When you can offer a 10-year multimillion dollar warranty, environmental benefits, and 40 years of experience with PP-R, that’s a remarkable combination,” Clark added.
For more information, visit www.aquatherm.com.
Publication date: 2/25/2013