Economic Development and Small Business & Startups

West Michigan produces 22 of 'fastest-growing private companies' in U.S.

August 26, 2013
| By Pat Evans |
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West Michigan produces 22 of 'fastest-growing private companies' in U.S.
The annual Inc. 500|5000 ranks the fastest-growing private companies in the U.S., based on revenue growth over the last three years. Photo via fb.com

Twenty-two West Michigan companies have been named to Inc. magazine’s 32nd annual Inc. 500|5000 ranking of America's fastest-growing private companies.

The ranking features 126 Michigan-based companies.

“These Michigan companies, from a wide range of industries, have all earned their place on this list through innovation and aggressive performance,” said Gov. Rick Snyder. “They exemplify the resilience and entrepreneurial spirit Michigan is known for, and we applaud them for this notable achievement.”

Grand Rapids education company Prep Net is the highest-ranking West Michigan company, with 923 percent revenue growth in three years, and raking in the top 500 at No. 496. Prep Net was founded in 2008 and brought in $712,229 in 2009. Last year, the company had revenue of $7.3 million.

Holland-based manufacturer EBW Electronics is the other West Michigan company in the top 1000, ranking at No. 678, with 675 percent revenue growth in three years.

“Not all the companies in the Inc. 500|5000 are in glamorous industries, but in their fields, they are as famous as household-name companies, simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy,” Inc. Editor Eric Schurenberg said.

West Michigan companies ranked in the 2013 Inc. 500|5000
 
Ranking Company City % Revenue Growth
(2009-20012)
2012 Revenue
496 Prep Net Grand Rapids 923% $7.3 million
678 EBW Electronics Holland 675% $26.6 million
1111 TG Manufacturing Dorr 377% $7.7 million
1394 ITS Partners Grand Rapids 289% $24.8 million
1410 Forensic Fluids Laboratories Kalamazoo 285% $10.6 million
1441 JBL Resources Grand Rapids 279% $6.9 million
1973 Mindscape at Hanon McKendry Grand Rapids 191% $2.9 million
2082 The Decc Company Grand Rapids 179% $7.6 million
2134 KlearGear.com Grandville 174% $47.5 million
2326 AmeriFirst Home Mortgage Portage 156% $43.3 million
2449 Netech Grand Rapids 146% $186.9 million
2627 Worksighted Holland 134% $3.7 million
2859 Open Systems Technology Grand Rapids 120% $75.5 million
2948 Pro-Vision Byron Center 115% $4.7 million
3333 Zeigler Auto Group Kalamazoo 95% $516.9 million
3390 Paragon D&E Grand Rapids 92% $38.7 million
3693 Dominion Systems Grand Rapids 80% $5.1 million
3876 OtterBase Grand Rapids 72% $31.7 million
3908 Atomic Object Grand Rapids 71% $5.5 million
4505 Moss Telecom Grand Rapids 50% $10.9 million
4715 Service Express Grand Rapids 44% $39.9 million
4928 Lambert, Edwards & Associates Grand Rapids 37% $7.1 million


 

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