More than 50 companies in the Charlotte region landed on Inc. magazine's annual list of the 5,000 fastest-growing private firms in the nation.
Fifty-two local companies, to be exact, appear on the Inc. 5000, a roundup of U.S. firms posting the largest revenue growth during the past three years. That encompasses a wide range of sectors in the region, including energy, tech, construction and staffing industries as well as local restaurant and food-and-beverage operators like Famous Toastery and Hissho Sushi.
Inc. puts emphasis on the top 500 firms, each of which grew revenue by at least 1,000% in three years. Five are located across the Charlotte area.
Here are the 10 fastest-growing private firms locally, according to Inc., along with each's national rank, sector, 2017 revenue and three-year growth:
- 84) Pine Gate Renewables (energy), Charlotte: $9.7 million; 3,940%
- 312) Levvel (IT system development), Charlotte: $17.2 million; 1,574%
- 324) Saprex (engineering), Gastonia: $4.6 million; 1,518%
- 389) Passport (software), Charlotte: $12.3 million; 1,264%
- 499) Quimbee (education), Charlotte: $5.1 million; 1,020%
- 748) Independent Advisor Alliance (financial services), Charlotte: $21.4 million; 672%
- 756) Summus Group (business products and services), Charlotte: $5.1 million; 668%
- 813) Spangler Restoration (construction), Indian Trail: $22.9 million; 620%
- 851) 23rd Group (construction), Charlotte: $19.7 million; 590%
- 992) Torrent Consulting (business products and services), Charlotte: $7.4 million; 496%
Overall, the 5,000 total firms on Inc.'s list amassed a combined 2017 revenue of $206.2 billion, an increase of 158% from $79.8 billion in 2014. Their three-year revenue growth topped 75.661%, with each growing by 50% or more.
Click here to read more from the business publication on this year's Inc. 5000 and to see the complete ranking.
Revenue growth 2014-16
| Rank | Prior Rank | Business name |
|---|---|---|
1 | 1 | PresPro Homes |
2 | 1 | Passport Inc. |
3 | 3 | Mountain Point |