If you are currently part of a private company, either as an employee or owner, or plan to start one, you should be able to find inspiration from this list of the 10 fastest growing private companies in America, each of which has exhibited remarkable growth over the past few years.
Not all growth can come from public companies. In fact, there are disadvantages inherent in public companies that might spook you from investing in them. Besides, there are things that are alluring about starting or investing in a private business. First off, you get to have more leeway in setting your goals and objectives. Another thing is that the lesser degree of scrutiny (e.g., not needing to report your revenue yearly on the dot, for one) can be quite advantageous for a private company, especially one that is just starting out. Heck, there are even billion-dollar enterprises and businesses that still resist the siren call of going public, for many valid reasons. That’s why we several private companies can be counted among the biggest in the world.
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But we already know about the giants in the private enterprise field, like your Kochs and your Ubers. In fact, even their private status wasn’t enough to deflect the negative press flung their way. And many of the smaller private companies end up either being gobbled up by big companies before they ever reach their full potential, or begin to wither and fall off the map due to an inability to manage themselves effectively past a certain point. But there are private companies that, against all odds, have exhibited remarkable, even dozen-fold growth over the past three years.
Enter the Inc. 5000, a yearly ranking of the fastest-growing private companies in the U.S. For its latest ranking, released in August 2016, it put special attention on ten companies that were head and shoulders above the rest of the 5,000 notable private companies when it comes to revenue growth.
For this list of the 10 fastest growing private companies in America, which are Bounce Exchange, CalCom Solar, Company.com, eluxurySupply.com, FedBiz IT Solutions, Globalization Partners, Loot Crate, Los York, Paint Nite, and PANTHERx Specialty Pharmacy, they are ranked according to their revenue growth over the three-year period from 2012 to 2015. Check out how they ranked beginning on the next page.
And if you do get inspired by the companies in this article, Insider Monkey also has a list of the top 10 fastest growing industries in America, to further help you zero in on a successful business idea.
- FedBiz IT Solutions
FedBiz IT Solutions offers products and services such as enterprise storage systems and networks, as well as cloud technologies and information security, to the government. This Leesburg, Virginia-based company grew its revenue from $2.04 million in 2012 to $25.80 million in 2015, representing an astounding 1,262% growth over three years.
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- PANTHERx Specialty Pharmacy
Billing itself as a specialty pharmacy for rare and chronic diseases, PANTHERx Specialty Pharmacy is a company based in Pittsburgh, Pennsylvania, that formulates treatments for patients with diseases such as multiple sclerosis, AIDS, and cancer. The company grew its revenue by 1,338% during the three-year period, from $3.17 million in 2012 to $42.40 million in 2015.
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- Los York
Sometimes, a great company can emerge from the ashes of a failed one. In this case, two filmmakers bought a struggling TV ad production company called Stardust in 2012, which had only $1.08 million in revenue at the time. The company, which was renamed Los York, ended up conceptualizing and then producing ads on its own, and managed to get Nike Inc (NYSE:NKE) and other high-profile brands as partners. As of 2015, the company’s revenue had grown by 1,441% to $15.60 million.
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- Bounce Exchange
With many companies striving to better connect with their customers online, New York-based Bounce Exchange was placed in an advantageous position. With its specialties lying in behavioural automation software and data analytics, the company grew its revenue from $1.08 million in 2012 to $15.70 million in 2015, a growth rate of 1,454%.
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- Globalization Partners
Who knew that helping companies hire people from overseas could be such a lucrative business. Female-led consulting firm Globalization Partners is a business built in 2012 on that exact premise, and it has grown its revenue by 1,624%, from $1.09 million in its inaugural year to $17.7 million in 2015.
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The next five companies on this list of the 10 fastest growing private companies in America exhibited revenue growth of more than twenty-fold from 2012 to 2015.
- Company.com
It looks like providing value-added services to cater to companies’ needs is a great business model. In Company.com’s case, the Atlanta-based social network for small businesses grew its revenue by 2,349% from $1.41 million in 2012 to $33 million in 2015 by offering payment processing and legal assistance tools to entrepreneurs.
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- eluxurySupply.com
In an e-commerce world seemingly dominated by Amazon.com, Inc. (NASDAQ:AMZN), there is still room for new retailers provided that they are extremely skilled in what they do. Indiana-based eLuxurySupply.com kept at it with its offerings of bath, bedding, garden, and home products, and ended up growing its sales from $1.30 million in 2012 to $30.6 million in 2015, an astounding growth rate of 2,362%.
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- CalCom Solar
It turns out that you can earn big by building solar energy systems for, of all clients, agricultural businesses. CalCom Solar started in 2012 with $1.06 million in sales, but demand for its services resulted in 3,163% sales growth in three years, to $33.5 million in 2015.
- Paint Nite
Events company Paint Nite earns its dough by hosting painting events at bars and nightclubs. And the company surprisingly managed to smash the money-draining stereotype of art endeavors, as shown by its 3,656% revenue growth from 2012 to 2015, growing from $1.5 million to $55 million.
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- Loot Crate
When you think about a mailbox-based company, you might immediately think of bankruptcy and a dying industry. That’s not true for geek-centric subscription box company Loot Crate, whose revenue grew from $1.74 million in 2012 to $116.2 million in 2015, representing an unbelievable 6,679% growth rate.
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Loot Crate’s stellar three-year revenue growth puts it on top of this list of the 10 fastest growing private companies in America.
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