295 Virginia companies make Inc. 5000 list
- August 14, 2019
Nearly 300 Virginia companies are ranked on the most recent list of the nation’s fastest-growing, privately held companies.
Leading 295 Virginia firms on the 2019 Inc. 5000 ranking is Mechanicsville-based Connected Solutions Group. It was No. 8 overall, with a three-year revenue growth rate of 12,701%.
Connected Solutions also was Inc.’s highest-ranked telecommunications company. Headed by Michael Pittman, the 4-year-old firm had revenue of $23.3 million in 2018.
Virginia ranks fifth among the states in numbers of companies it has on this year's Inc. 5000 list, behind California with 712 firms; Texas, 467; Florida, 385; and New York, 300.
Among Old Dominion's neighboring states, North Carolina has 135 companies on the list while Maryland has 130; Tennessee, 84; the District of Columbia, 43; Kentucky, 34; and West Virginia, 7.
Other Old Dominion companies ranked among the top 100 firms on the list included:
No. 12: Urgently, a Vienna-based logistics and transportation company with a growth rate of 11,633% and 2018 revenue of $30.3 million.
No. 27: FITT Scientific, a Colonial Heights-based government services firm, 7,329% growth, $15.8 million in revenue.
No, 65: West Creek Financial, a Glen Allen-based financial services company, 4,405% growth, $89.7 million in revenue.
No. 67: Associated Veterans, an Arlington-based government services firm, 4,346% growth, $12.8 million in revenue.
No. 91: Capitol Bridge, also an Arlington-based government services company, 3,469%, $6.4 million in revenue.
Richmond-based CapTech Ventures, a 22-year-old IT management firm, is on the Inc. list for the 13th time. It was No. 3838 this year with a three-year growth rate of 86% and 2018 revenue of $192.4 million. CapTech made the list for the first time in 2002 when it was No. 40.