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Home News latest news 295 Virginia companies make Inc. 5000 list

295 Virginia companies make Inc. 5000 list

Published August 14, 2019 by Robert Powell, III

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.

 

 

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