Inc. magazine ranked Sea Tow Services International Inc. No. 4,802 on its fifth annual Inc. 500|5000, a ranking of the nation's fastest-growing private companies.
Sea Tow posted a 9 percent growth in sales during the three-year period from 2007-2010, reflected by the 2011 Inc. 500/5000. This is the second appearance for the Long Island-based company on the magazine’s list.
Sea Tow ranked No. 4,489 on the 2007 Inc. 5000, with 43.8 percent sales growth during the previous three years.
“We are proud to be ranked once again among the businesses Inc. magazine has singled out as the fastest-growing private companies in America,” Sea Tow founder and CEO Capt. Joe Frohnhoefer said in a statement. “The marine industry has been hit very hard over the past few years, but due to the value of our product, the loyalty of our customers and the passion of our local Sea Tow captains, Sea Tow has been able to weather the storm.”