Pullman's Schweitzer Engineering Laboratories, Inc. (SEL) was ranked 74th among Energy Industry Companies on the Inc. 500/5000 magazine annual rankings and 50th on The Top List of Job-Creating Companies for 2011.
According to Inc 500/5000, SEL is ranked 3,532 among all 2011 rankings in Fastest-Growing Companies and 74th in the industry. SEL has grown 48 percent during the past three years and had revenue of $435.2 million in 2010 as compared to $293.5 million in 2007.
SEL houses 2,390 employees and has seen an employee growth of 915 across the three-year period, according to Inc.com.
SEL designs, manufactures and supports a complete line of products and services for the protection, monitoring, control, automation and metering of electric power systems.
“(SEL is an) engineering company dedicated to providing consistent and economical electrical power around the world,” according to Inc.
Public Affairs Specialist Tammy Lewis said she believes SEL has shown tremendous growth.
“The list is recognition of our tremendous growth here in Pullman and around the world,” Lewis said. “The overall rankings are determined by the percentage of fiscal growth over the three year reporting period. The job creation list is exciting especially in this economy and is based on the numbers hired in the same period.”
Through each evolution, Inc.com has sought to recognize and to celebrate the creativity, dedication and hard work that entrepreneurs put into building their companies, according to the website.
“The Inc. 500/5000 Conference and Awards Ceremony ... celebrates the Inc. 500/5000 on an annual basis and allows honorees, alumni and other growth-minded entrepreneurs to learn and network with each other,” said Jane Berentson, editor of Inc. Magazine. “The event also offers educational sessions, rousing keynotes, important networking and unforgettable special events.”
In 1982, Inc. 500 was introduced to celebrate the fastest growing privately held companies in the United States, according to Inc.com. In 2007, the list expanded to the Inc. 5000 in order to help readers get a broader and deeper understanding of the entrepreneurial landscape as well as recognize a larger percentage of the growing market segment.
SEL has helped patrons from a wide variety of industries, including utilities, rural electric cooperatives, municipalities, government agencies, airports, universities, water treatment facilities, mining operations, factories, research facilities and refineries, according to Inc.com.
SEL has been recognized by other organization as well, Lewis said. In an independent study conducted by the Newton-Evans Research Company, international utilities ranked SEL No. 1 in overall customer experience.
The Newton-Evans research company visits with patrons who have purchased SEL products and rates each on the quality of their purchases and the customer service experience that accompanied the transaction, Lewis said.
“We are always planning for growth,” she said. “SEL is always looking into new industries and markets to expand the company. In the 1980s, we primarily served only utility companies, however, we strive to serve any entity that needs to keep power on.”
SEL is always looking for new employees, she said.
“We are a 100 percent employee-owned company,” Lewis said. “Currently, there are around 270 openings and over 100 internships in Pullman."
The quality toward the patrons of the company is the top priority of SEL, she said. In the history of SEL, no customer has ever been charged for repair, she said.
“(The recognition) inspires us to do better, but even without this list, we always strive to improve our quality of products and customer service,” Lewis said.