Royal Vending, out of Tigard, Oregon, was recognized for the second year in a row as among the fastest-growing private firms in America on the 2019 Inc. 5000: The Most Successful Companies in America list.
Royal Vending's services include providing beverages, snacks, fresh food and coffee to micro markets, vending machines and coffee services. Other services involve the sales of vending machines, stocking with brand name products and maintenance of equipment.
The company was named No. 2531 in 2018 and is No. 2867 in the 2019 list.
“Much of our growth has been made possible by leveraging technology and the addition of new micro market and pantry locations," said Ryan Harrington, co-CEO of Royal Vending. "We are excited about the direction our industry is headed and we will continue to leverage technology to further our growth as a company. We are very proud of the accomplishment and the dedication of our Royal Vending team members.”
Founded in 2006, the company has 17 employees and services a wide area including but not limited to the surrounding cities of Beaverton, Gresham, Hillsboro, Tualatin, Wilsonville, Tigard, Milwaukie, Oregon City, Troutdale, West Linn and Salem.
As Inc. states on its website, companies on the 2019 Inc. 5000 are ranked according to percentage revenue growth from 2015 to 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They must be U.S.-based, privately held, for-profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2018. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 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 three decimal places. There were 12 ties on this year's Inc. 5000.
