Based on the study, Torch is recognized as a well-rounded company that has mastered a balance of impact, innovation, growth, leadership, and value. The Huntsville-based company ranked eighth out of 360 organizations this year, up from 11 in 2018 and 16 in 2017.
“We are proud to have again been recognized by Entrepreneur magazine for our distinctive approach to innovation, growth, leadership, and culture,” said Torch President and CEO John Watson. “Our continued success as a 100% employee-owned company is thanks our invaluable employee-owners.
“We are privileged to be part of a growing group of extraordinary people who are innovative and bright, and who make Torch a great place to work.”
“Every entrepreneur knows that a healthy business isn’t just about growth. It’s about being well-rounded—growing your culture and your systems as strongly as you grow your revenue,” said Jason Feifer, editor in chief of Entrepreneur magazine. “That’s why we’re excited to celebrate these companies with our fifth annual Entrepreneur360 ranking.
“The companies that make the list have pushed boundaries with their innovative ideas, fostered strong company cultures, impacted their communities for the better, strengthened their brand, and grown impressively as a result.”
Honorees were identified based on the results from a comprehensive study of independently- owned companies, using a proprietary algorithm and other advanced analytics. The algorithm was built on a balanced scorecard designed to measure five metrics reflecting major pillars of entrepreneurship—innovation, growth, leadership, impact, and business valuation.