Source Outdoor Celebrates Fifth Anniversary, Moves Headquarters

MIAMI, FL—Source Outdoor, which has reached its fifth anniversary, will move into a new 100,000-sq.-ft. facility and corporate headquarters this month. The new facility includes a product showroom, large corporate offices, and designated spaces for upholstery and aluminum production.

“Though we’ve only moved around the corner to a new building, we’re excited for the new, larger space and everything it will help us achieve as a company,” said Gerald Shvartsman, CEO of Source Outdoor. “After seeing how fast we’ve grown over the last five years, I look forward to the next five, which will be defined by producing more American-made pieces and custom, one-stop-shop outdoor solutions.”

The company, which employs over 160 people, began as a four-person business in a 12,000-sq.-ft. warehouse. Since its founding five years ago, the company has increased its revenue from $1.8 million in 2009, to $17 million in 2013, with an anticipated $25 million revenue for 2014. In addition to an increase in revenue, warehouse space and employees, this accelerated growth has translated into an expansion of Source Outdoor’s product offering. In 2013, the company launched an awnings division, followed by a railings division in the summer of 2014, which includes railings, fences and gates.

According to the company, Source Outdoor is committed to moving overseas manufacturing to their facility in Miami, FL. Currently, approximately 65% of their products are made in America, a number projected to increase in the coming year.

 

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