For the third year in a row, Vortex Aquatic Structures International has been named one of Canada’s Fastest-Growing Companies on the PROFIT 500 list.
A global leader in the design and manufacture of aquatic play solutions, Vortex reported a five-year revenue growth of 166%. This beats both 2016 and 2015, where growth over the same period was 131% and 84% respectively.
Innovation and resilience
This surge in performance is reflected in the company’s current position on the list. Over the past two years, Vortex has climbed over 100 spots and is now 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,” comments Deborah Aarts, PROFIT 500 Programme Manager.
“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.”
Over the past 12 months, Vortex has broadened its reach into new markets while enhancing its North American channel. In 2015, the company acquired AquaBlue, a designer and manufacturer of waterslides and water play equipment. Vortex continues to innovate, expanding its product lines to exceed customer expectations and reduce water consumption.
“During our 22 years, we have always experienced steady growth,” explains Stephen Hamelin, President and CEO of Vortex. “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.”
He adds: “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.”