The Boston Business Journal has included Magellan Jets on its 2024 list of the 50 highest-growth middle-market companies in Massachusetts.
This list, which is derived from Business Journal research, features both private and public enterprises spanning various sectors, each boasting annual revenues ranging from $25 million to $1 billion for the years 2020, 2021, and 2022.
The ranking methodology involves a weighted scoring system, factoring in the percentage change in revenue from 2020 to 2022, alongside the actual revenue difference during this timeframe. This approach aims to balance the revenue growth discrepancies between smaller and larger companies within the middle market. Notably, firms that did not exhibit revenue growth from 2021 to 2022 were ineligible for consideration.
