Today, Inc. revealed that Ole Smoky Distillery has once again ranked on the Inc. 5000, Inc. ’s annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Microsoft, Timberland, Vizio, Intuit, Chobani, Oracle, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240813844968/en/
Ole Smoky Distillery (Photo: Business Wire)
“Being acknowledged among the world’s leading companies and thought leaders is a significant honor for us at Ole Smoky,” said Robert Hall, CEO of Ole Smoky Distillery. “Receiving our fifth annual recognition on this list is a true testament to our team’s continual pursuit of excellence and commitment to product quality and innovation. We look forward to progressing even further in the coming years.”
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this year’s Inc. 5000 companies have added 874,458 jobs to the economy over the past three years.
“One of the greatest joys of my job is going through the Inc. 5000 list,” says Mike Hofman, who recently joined Inc. as editor-in-chief. “To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”
Ole Smoky is one of the nation’s fastest growing spirits companies and the No. 1 selling moonshine brand in the world. The brand launched as a small craft distiller in 2010 but has grown rapidly to being in the top 20 spirits companies in the United States, while maintaining their craft authenticity in products and consumer experiences. Each year, Ole Smoky continues to stay at the forefront of the spirits industry by introducing innovative, unique, delicious moonshine and whiskey products showcased in its four distilleries, which remain the most visited in the world welcoming over 5 million guests annually. In addition to product innovation and quality, Ole Smoky attributes much of their success to their strong network of distributor and retail partners who have helped make the company’s moonshine and whiskey products available to consumers in all 50 states and over 20 international markets.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. For more information on Ole Smoky and its products, visit www.olesmoky.com.
About Ole Smoky® Distillery LLC
Ole Smoky is the leading distiller of premium moonshine in the world, one of the nation’s fastest growing spirits companies and the first federally licensed distillery in the history of East Tennessee. Founded in 2010, Ole Smoky’s roots are traced to the Smoky Mountains’ earliest settlers, families who produced moonshine with enduring pride and Appalachian spirit. Ole Smoky has been recognized on the Inc. 5000 List of the fastest growing private companies in America for five consecutive years – 2020, 2021, 2022, 2023 and 2024, as well as receiving the 2023 Shanken Communications’ Impact Hot Brand Award, several 2024 Growth Brand Awards from Beverage Information Group, and the 2023 PR%F the Magazine Distillery of the Year award. Today, Ole Smoky’s over 25 creative moonshine flavors and 17 inventive whiskey flavors can be found in all 50 states, 20 countries and at the company’s four famed distilleries in Tennessee: The Holler and The Barrelhouse in Gatlinburg, The Barn in Pigeon Forge, and 6th & Peabody in Nashville. For more information, please visit www.olesmoky.com and follow Ole Smoky on social media @olesmoky.
About Inc. and the Inc. 5000
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc. ’s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, to be held from October 16 to 18 in Palm Desert, California, please visit http://conference.inc.com/.
Methodology
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
View source version on businesswire.com:https://www.businesswire.com/news/home/20240813844968/en/
CONTACT: Sydney Holsclaw / Mary Reynolds
olesmoky@phase3mc.com
Full Press Kit-HERE
KEYWORD: UNITED STATES NORTH AMERICA TENNESSEE
INDUSTRY KEYWORD: RETAIL RESTAURANT/BAR FOOD/BEVERAGE WINE & SPIRITS
SOURCE: Ole Smoky Distillery
PUB: 08/13/2024 08:51 AM/DISC: 08/13/2024 08:51 AM
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