ScrapSource ranks among the Dallas 100

Boutique scrap management firm ranks 39th among the fastest growing companies in north Texas.

ScrapSource, a boutique scrap management firm based in Dallas, has been named among the fastest growing, most dynamic privately held companies in north Texas area, according to SMU Cox School of Business’ Caruth Institute for Entrepreneurship.

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 institute, working with the accounting firm BKD LLP CPAs and Advisors, examined sales from hundreds of companies for 2015 to 2017. The winners represent a broad spectrum of Dallas-area businesses. The rankings were revealed at an awards ceremony at The Omni Hotel in Downtown Dallas Thursday, Nov. 1.

The companies named to the Dallas 100 collectively generated $3.3 billion in sales in 2017, according to Jerry White, 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 87 percent from 2015 to 2017. Together, they created 11,096 jobs in that same period.

White says, “These companies are amazing growth machines. They can create a fantastic number of jobs and pump hundreds of millions of dollars into our economy. For 28 years, the Caruth Institute at SMU Cox has honored the critical role of entrepreneurship in the DFW economy, which has thrived specifically because of its long history of entrepreneurial spirit.”

To qualify for the Dallas 100, a company must meet various criteria, including a three-year sales history that reflects growth and have credit and character satisfactory to the Dallas 100.

“We are excited to be selected as a two-time winner for such a prestigious award,” says Larry Olschwanger, president and founder of ScrapSource. “We are fortunate to have assembled a team of professionals with such unique industry experience. We also acknowledge and thank our many clients that have trusted our company to handle their disposition of all scrap metals generated by their manufacturing plants”.

ScrapSource was founded in 2010 and seeks to help companies make smarter scrap recycling decisions while improving revenue and implementing industry best practices.

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