LAI named to Inc. 5,000 list of fastest growing U.S. companies

Reports three-year sales growth of 76%

SCOTTSDALE, Ariz., Aug. 24, 2007—LAI International, Inc., a leader in advanced contract manufacturing services, has been named to Inc. Magazine’s list of the 5,000 fastest-growing private companies in the nation.
LAI showed revenue growth of 76.3 percent in the last three years. The magazine ranks companies based on revenue growth from 2003 through 2006.
“LAI has succeeded in expanding its core business in precision manufacturing for aerospace and power generation industries, in addition to other markets,” said Stewart Cramer, president of LAI. “Meanwhile, LAI has continued to broaden its capabilities to meet the growing needs of our customers.”
LAI, ranked 3,688, is one of 142 Arizona-based companies to make the first-ever Inc. 5,000 list, the magazine reported Aug. 23. The magazine’s popular Inc. 500 list is in its 26th year.
  “The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy – the entrepreneurial part,” said Inc. 5,000 Project Manager Jim Melloan. “The expansion of the list has allowed us to tell the stories of larger companies, older companies, and a wealth of companies in industries like manufacturing and construction that are underreported in the business media.”
LAI International, Inc., announced earlier this year its acquisition of Rich Technology International, a leading precision contract manufacturer in New England.

About LAI International

LAI is an approved supplier for large potential growth manufacturing programs, including projects in green power plant technology, aircraft parts and sub-assemblies, and defense components. Revenues are forecast to reach $58 million in 2008, with an employment base projected at 350 by the end of the year.
LAI continues to execute its strategy of expanding its capabilities by taking on more of its customers' supply chain. LAI's acquisition in 2007 of RTI, Scarborough, Maine, expands its capabilities in manufacturing power generation and rotating equipment. In addition, LAI operates four other manufacturing facilities, dispersed in key manufacturing regions across North America, with locations in Minneapolis, Phoenix, Tucson and Westminster, Md.
LAI is known for its experience in supply chain management of complex manufacturing processes and its technical expertise in advanced waterjet cutting, drilling and five-axis machining, as well as precision laser processing, including laser cutting, drilling, welding, heat-treating and five-axis machining. The company also offers high-speed CNC machining, electrical discharge machining, including wire, plunge and hole-drilling EDM processing, five-axis grinding, welding, conventional machining and certified gage calibration. Additional capabilities include sheet metal fabrication, tool design and air-flow inspection.
LAI was acquired in 2005 by Spell Capital Partners, LLC, Minneapolis, Minn. Its corporate headquarters are located in Scottsdale, Ariz.
For more information, see LAIco.com.

Quick Facts: LAI International, Inc.
Founded: 1979
Mfg. facilities: Phoenix, Tucson, Minneapolis, Westminster, Md., and Scarborough, Maine
Headquarters: Scottsdale, Ariz.