Inc. Magazine ranked Purple Wave no. 3579 on its seventh annual Inc. 5000, an exclusive ranking of the fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy – America’s independent entrepreneurs. The company was honored for achieving 85 percent growth and currently employs more than 81 people in nine central states.
Founded in 2000, Purple Wave focuses exclusively on selling construction and ag equipment for businesses and public institutions. Purple Wave now boasts the largest community of registered equipment bidders in the no-reserve, Internet auction business, with over 100,000 registered bidders and over 250,000 visitors each month to purplewave.com.
Purple Wave conducts auctions on the Internet without losing the auction experience. The auctions are all no-reserve, meaning only arms-length bidders set the prices and assets always sell. Sellers receive market values they can trust and benefit from a full-service experience, without the worry of bad weather or event logistics.
Inc. 5000 companies are distinguished for spurring innovation, providing jobs, and driving the economy forward. Purple Wave is one of 38 Kansas businesses recognized in 2013. Two other Manhattan, Kan., companies are recognized, including CivicPlus and GTM Sportswear. Additional Kansas companies include Freddy’s Frozen Custard and SafeMart.