Business

Big Ass Fans sells its 100,000th fan

The Big Ass Fans logo on a fan hanging on Wednesday, March 28, 2012 at Big Ass Fans at 2425 Merchant St. in Lexington, Ky.
The Big Ass Fans logo on a fan hanging on Wednesday, March 28, 2012 at Big Ass Fans at 2425 Merchant St. in Lexington, Ky.

Big Ass Fans announced Tuesday that it has sold its 100,000th fan. The 14-year-old Lexington-based company credited its recent entrance and rapid growth in residential and commercial markets for the milestone. "Big Ass Fans initially focused on keeping industrial buildings comfortable, but our customers consistently told us they wanted smaller versions of our fans for their homes, churches or favorite restaurants," Carey Smith, the company's founder and CEO, said in a news release.

Big Ass Fans entered the commercial market, which includes health clubs, restaurants and hotels, in 2008 with fans 12 to 20 feet in diameter; a year later, it started selling smaller fans for homes and offices. Last year, it introduced an energy-efficient residential model called the Haiku.

From 2009 to last year, Big Ass Fans' annual revenue increased to $87 million from $34 million, the company said, and the number of employees nearly tripled to 350 people.

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