At this time, I recognized the crucial need for strategic guidance to navigate the evolving landscape. Turning to my CEO Collective peer group, I engaged in collaborative discussions with peers, tackling critical strategic questions such as new product positioning, building a rental business, how to manage expectations following such a significant increase and optimal business recapitalization strategies. I used Katahdin’s case process to bring my challenges and opportunities to the table and received diverse perspectives from my peers that were instrumental in shaping our company's strategic direction and fostering innovation.
Additionally, I leveraged the Strategic Ascent strategy planning program to align my team around a cohesive set of goals and initiatives. This structured approach to strategic planning aligned our team around a focused number of initiatives and gave us a roadmap to execute against our goals.
During my time in the CEO Collective, STARC Systems achieved remarkable milestones, including significant revenue growth from $10 million in 2019 to a projected $40 million in 2024, along with a substantial increase in EBITDA. Furthermore, we engaged in a recapitalization process, attracting a top-tier investor to fuel future growth initiatives and solidify our position as an industry leader.
As STARC Systems continues to innovate and excel in the renovation industry, I remain grateful for the invaluable support and resources provided by CEO Collective and Strategic Ascent, helping to drive sustained success for our company and its stakeholders. I have found the services Katahdin Group provides are just as important in the times of great success as they are in the times of great challenge.