Dallas-based ScrapSource, which describes itself as a boutique scrap management firm, has been named one of north Texas’ fastest-growing privately held companies.
Caruth Institute for Entrepreneurship ranks the top 100 Dallas entrepreneurial companies annually based on percentage growth and absolute dollar growth over the previous three years. The rankings were revealed at an awards ceremony held at The Omni Hotel in downtown Dallas Thursday, Nov. 21.
The Dallas 100 was co-founded by the Southern Methodist University (SMU) Cox Caruth Institute.
This year’s winning companies collectively generated $3.5 billion in sales in 2018, according to Simon Mak, the Linda A. and Kenneth R. Morris endowed director of the Caruth Institute for Entrepreneurship at SMU Cox. Collectively, the companies grew at an average annual growth rate of 82 percent from 2016 to 2018. Together, they created almost 7,000 jobs in that same period.
“These companies are the unsung heroes of the Dallas-area economy,” Mak says. “They are entrepreneurial dynamos, creating products and/or services that in turn create jobs and generate income for their owners, not to mention the millions of dollars they collectively contribute to our economy.”
He adds, “For almost three decades now, it has been our honor at the Caruth Institute of Entrepreneurship to shine the spotlight on the critical role of entrepreneurship in the [Dallas-Fort Worth] economy. Congratulations to this year’s Dallas 100 honorees.”
“We are excited to be selected as a three-time winner for such a prestigious award,” says Larry Olschwanger, president and founder of ScrapSource. “Our team of professionals are some of the best in the industry, and collectively we provide our customers with unparalleled industry experience and best practices. We also acknowledge and thank our many customers that have trusted our company to handle their disposition of all scrap metals generated by their manufacturing plants.”
In addition to this year, ScrapSource ranked on the list in 2013 and in 2018.
Founded by Olschwanger in 2010, ScrapSource provides solutions for companies across North America and strategic overseas locations that generate scrap metal in their manufacturing processes.