LSP Technologies is No. 24 in Columbus Business First’s Fast 50

Appearing on the Fast 50 list for the first time, LSP Technologies earned its No. 24 ranking with rapid sales growth between 2016 and 2018. Rank based on average growth of 48.71% for the past three years.

Posted: November 4, 2019
By: mmahoney

The October 25 issue of Columbus Business First featured a mini-profile of LSP Technologies.

LSP Technologies came in at No. 24 on the Fast 50, Columbus Business First’s list of the fastest growing companies in Central Ohio.

It was the first time that LSPT appeared on the list, which is based on average growth of sales during the previous three years. That average was 48.71% for LSP Technologies, thanks to major sales contracts for developing custom laser peening solutions.

Similarly, sales growth of 176% total over the previous three years vaulted LSP Technologies to No. 2278 on the Inc. 5000, the list of the fastest growing privately held companies in the United States.

Attending the Fast 50 lunch for LSP Technologies: Devin Hilty, Rohit Joshi, Aoun Barki, Zane Kieffer, Tim Gorman, VP-Engineering Mark Bloomburg, Bill Colgan, Director of Electrical Engineering Keith Glover, VP Business Development David Lahrman and Mike Mahoney.
Some of the LSP Technologies team members attended the Fast 50 Luncheon October 22. From left: Devin Hilty, Rohit Joshi, Aoun Barki, Zane Kieffer, Tim Gorman, VP-Engineering Mark Bloomburg, Bill Colgan, Director of Electrical Engineering Keith Glover, VP Business Development David Lahrman and Mike Mahoney.

A feature in the Oct. 25 edition of Business First noted the company’s efforts to build a Humble, Hungry, and Smart culture ot teamwork. Culture and organizational development efforts at the company have spurred informal conversations, early recognition of project risks, and rapid innovation to overcome daunting technical problems.

Humble, Hungry, Smart. Those are the characteristics of an ideal team player, and those are the traits of compatibility with our work. We are innovating quickly and creatively. We need everyone’s best ideas and all their skills. We value all of their ideas and feedback.

From the LSP Technologies Fast 50 submission

Also, the publication mentioned the company’s recent adoption of an unlimited paid time off policy, which helps team members achieve a more healthy work/life balance.

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