By Sara Ballhaussen Aug 12, 2015
N2 Publishing has reached a milestone few companies in the nation have achieved. Today, the community magazine publisher became an Inc. 5000 Honor Roll company, according to Inc. magazine.
N2 Publishing has reached a milestone few companies in the nation, and fewer yet in the state, have achieved. Today, the community magazine publisher became an Inc. 5000 Honor Roll company, according to Inc. magazine.
Unlike many fellow rankers, N2 Publishing, founded in 2004, has placed among the Inc. 5000 list five consecutive times – nearly half of N2’s total years in operation. It is this distinction that has garnered the firm Honor Roll status.
What’s more, the Wilmington-based company is expanding rapidly despite being part of a declining industry. This year, N2 is one of only six media companies to gain Honor Roll status, and the only focused solely on print media.
"Recognition like this certainly feels good. Inc. does a great job in recognizing companies that are creating jobs, and being recognized five years in a row helps validate that our end users love what we do,” said Duane Hixon, CEO and co-founder of N2 Publishing. “And while the Inc. Honor Roll isn't a finish line for us, it's an exciting benchmark to hit along our journey.”
N2 Publishing works with HOAs and residents to provide neighborhoods with print publications geared specifically to each community. Currently, the firm produces 781 monthly magazines serving locations throughout 47 states.
At its southeastern N.C. headquarters, N2 employs 173 team members, including graphic designers, IT specialists, admin experts and print press operators. In addition, 28 N.C.-based Area Directors currently serve communities throughout Charlotte, Raleigh, Greensboro, Durham and more.
"We've loved being based in North Carolina,” Hixon said. “We have beaches, we have mountains. Most importantly, we have excellent people. There are great people everywhere – it just so happens that NC has, in my opinion, the highest concentration of them."
This year, N2 ranked #1046 on the Inc. 5000, and is the fastest-growing media company in North Carolina, according to Inc. magazine. The firm’s three-year growth rate is 413 percent, up from 410 percent in 2014. Total revenue for the last fiscal year reached $65.8 million.
“For the last 11 years, we've built our name on one product. This is the first year that we are introducing new products into the marketplace,” Hixon said. “I'm a big believer in all of them, and with the caliber of leadership we have in place, I look for our next wave of leaders to do even bigger things."
About N2 Publishing: Based in Wilmington, NC, N2 Publishing, Inc., is “Turning Neighborhoods into Communities.” By partnering with affluent neighborhoods to produce private, monthly publications filled with resident-contributed content, every N2 issue is personal, relevant, and unique to the community it serves. Annual revenue for 2014 reached $65 million, up from $39 million in 2013 and $21.3 million in 2012. With a 413 percent three-year growth rate, Inc. Magazine dubbed N2 Publishing the nation’s 17th fastest-growing media company this year, earning the firm its 5th consecutive rank among the Inc. 5000. Visit N2 Publishing online at http://www.n2pub.com.
About Inc. 5000: The Inc. 5000 list is an exclusive ranking of the nation's fastest-growing companies. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. To qualify, a firm must be an independent, privately held, U.S. based company that is for profit. The Honor Roll list consists of companies that have ranked among the Inc. 5000 for five or more years.
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