|
.-_ .._ ............ ~........,,. ,l
<br />BUSINESS JOURNAL v.::~w~,u ~.:.. ~.. ~~ ~.,.~ ..~xw,..:. ~~_ <:~;
<br />Fast '
<br />est- rowan Private Coma
<br />g g p noes ~r
<br />26 Minneapolis/St. Paul Business Journal ~ mspbj.com October 2a, 2ooe
<br />Metro-area private companies ranked by rate of revenue growth Research by Virchow Krause & Co.
<br />
<br />
<br />2007 Revenue 2007'
<br />
<br />Rank
<br />Rank Name/Address/Phone Growth
<br />rate' Revenue 2006'
<br />Revenue 20052 Business description' Employees Top metro executive
<br /> Year found ed Web site
<br /> 26 Bay West Inc.
<br />NR 5 Empire Drive $25,685,560 Performs remediation/investigation, emergency spill
<br />
<br />St. Paul, MN 55103 (651) 291-0456 95.15% $19,528,282
<br />$13,162,151 response, engineering, industrial cleaning and waste
<br />management for government and commercial clients 1 10
<br />1974 Lon Larson
<br />baywest.com
<br /> 27 DDL Inc.
<br />NR 10200 Valley View Road, Suite 101
<br />89
<br />13% $6,139,005
<br />$4
<br />156
<br />495 Testing services provider for the medical device
<br />i
<br />d
<br />59
<br />J
<br />h
<br />H
<br />
<br />Eden Prairie, MN 55344 (952) 941-9226 . ,
<br />,
<br />$3,245,879 n
<br />ustry, with labs in Eden Prairie, New Jersey and
<br />Los Angeles
<br />1990 o
<br />n
<br />art
<br />testedandproven.com
<br /> nParallel $12,049,161
<br /> 28 50 13120 County Road 6 87.04% $7,644,100 Designs, crafts and manages retail store fixtures, 28 Megan Diamond
<br /> Plymouth, MN 55441 (763) 231-4800 $6,442,044 Product displays and tradeshow exhibits 2003 nparallel.com
<br /> Restaurant Technologies inc. $191,741,000
<br /> 29 46 371 1 Kennebec Drive 86.88% $138,647,000 Installation of cooking oil management systems and 526 Jeff Kiesel
<br /> Eagan, MN 55122 (651) 796-1600 $102,612,000 sale of bulk cooking oil 1996 rti-inc.com
<br /> 3o A'viands Food & Services Management
<br />NR 1751 W. County Road B
<br />84 $62,925,314 Food, dietary and dining services management for
<br />
<br />Roseville
<br />MN 55113 (651) 631-0940 ,88% $50,487,045 health care, educational, business dining, residential 1,100 Perry Rynders
<br /> , $34,035,223 and correctional facilities 2003 aviands.com
<br /> 3 ~ Micromedics Inc.
<br />NR 1270 Eagan Industrial Road $12,848,399 Mfrs. instruments for ENT surgery; device for treating
<br />
<br />St. Paul, MN 55121 (651) 452-1977 83.12% $9,800,654
<br />$7
<br />016
<br />537 ear problems; ear care/protection products; surgical
<br />i
<br />t 70
<br />1982 Curt Miller
<br />i
<br />di
<br /> ,
<br />, ns
<br />rument organization and protection systems m
<br />crome
<br />cs-usacom
<br /> Prime Therapeutics $913,548
<br />960
<br /> 32 NR 1305 Corporate Center Drive
<br />Eagan
<br />MN 55121 (651) 414-1863 82.90% ,
<br />$619,207,878 A pharmacy benefits management company 2,100 Timothy Dickman
<br /> , $499,484,031 1987 primetherapeutics.com
<br /> I See Me! Inc. $4,885
<br />878
<br /> 33 22 4305 Chimo E. St.
<br />Deephaven
<br />MN 55391 (877) 281-0536 81.20% ,
<br />$4,491,206 Sells personalized children's books and gifts 3 Maia Haag
<br /> , $2,696,363 1998 iseeme.com
<br /> 34 Third Wave Systems Inc.
<br />49 7900 W 78th St
<br />Suite 300 $5,543,263 Develops modeling software to reduce lifecycle costs
<br /> .,
<br />Edina
<br />MN 55439 (952) 832-5515 79.72% $4,070,737 and time to market for machined components in 25 Kerry Marusich
<br /> , $3,084,325 aerospace, automotive and cutting tool markets 1993 thirdwavesys.com
<br /> quality Label and Barcoding Inc. $6,126,426
<br /> 35
<br />6 17823 Industrial Circle N.W.
<br />77.54%
<br />$5,415,606
<br />Flexographic label, tag and magnet converter
<br />40 Chad Johnson, Jon
<br />
<br />Elk River, MN 55330 (763) 862-1285
<br />$3,450,689
<br />2002 Jacobs
<br />
<br />Swat Solutions Inc.
<br />$7,297
<br />907 glabel.com
<br /> 3 6 33 10700 Highway 55, Suite 310
<br />Plymouth
<br />MN 55441 (763) 550-0200 77.52% ,
<br />$5,305,535 Afull-service, professional software services provider 73 Dave Steingart
<br /> , $4,1 1 1,076 1997 swatsolutions.com
<br /> Solution Design Group Inc. $7,028
<br />267
<br />37 NR 10275 Wayzata Blvd., Suite 300 77.31% ,
<br />$5,126,087 An IT consulting and software application 51 Keith Martin
<br /> Minnetonka, MN 55305 (952) 278-2500 $3,963,796 development firm 1989 solutiondesign.com
<br /> Dyvig, Driver, Devine Inc.° $16,133,577
<br />38 43 401 N. Third St., Suite 480
<br />Minneapolis
<br />MN 55401 (612) 436-0322 77.18% $11,008,084 Full-service direct-marketing and graphic-design firm 15 See footnote9
<br /> , $9,106,726 2000 dtrio.com
<br /> StarchTech Inc. $9,395,960
<br />39 39 720 Florida Ave. S. 72.45% $7,214,160 Manufacturer of an environmentally friendly, 30 Edward Boehmer
<br /> Golden Valley, MN 55426 (763) 545-5400 $5,448,522 biodegradable, starch-based packaging material 1996 starchtech.com
<br /> Milestone Systems Inc. $23,492,642
<br />4o 48 8401 Golden Valley Road, Suite 300 72.23% $18;437,361 Provides solutions that ensure high availability and 33 Mike Kohler
<br /> Golden Valley, MN 55427 (763) 404-6200 $13,639,935 security for mission-critical applications 2000 milestonesystems.com
<br /> Public Affairs Co. $4,377,680
<br />4 ~ 18 380 Jackson St., Suite 430 69.43% $3,261,415 Public-affairs firm specializing in issue advocacy, 14 Steve Knuth
<br /> St. Paul, MN 55101 (651) 225-8449 $2,583,697 Public relations and grassroots communications 2003 pubaffairsco.com
<br /> ILM Professional Services Inc. $3,305
<br />955
<br />42 28 4445 W. 77th St., Suite 140
<br />Edina, MN 55435 (952) 960-2220 68.26% ,
<br />$3,241,384 An IT solutions development firm 30 Farhan Muhammad
<br /> $1,964,813 2002 ilmservice.com
<br />43 McKinley Group Inc.
<br />15 601 Carlson Parkway
<br />Suite 425
<br />8 $9,071,956 Executive search firm specializing in placing sales
<br /> ,
<br />Minnetonka, MN 55305 (952) 767 1 130 7.68% $7,364,394
<br />$5,410,370 executives and marketing, accounting and finance,
<br />engineering and IT professionals 76
<br />2001 Paul Beard
<br />mckinleygroupinc.com
<br /> Digineerinc. $12,851
<br />239
<br />44 14 505 N. Highway 169, Suite 750 65.37% ,
<br />$12,042,084 Provides IT and management consulting services for 99 Michael Lacey
<br /> Plymouth, MN 55441 (763) 210-2300 $7771 259 medium and large organizations 1998 digineeccom
<br /> Hollstadt & Associates Inc. $22,049
<br />013
<br />45 42 200 E. Travelers Trail, Suite 200
<br />Burnsville, MN 55337 (952) 892-3660 83.79% ,
<br />$19,483,946 Technology and management consulting firm 1 1 1 Rachel Hollstadt
<br /> $13,462,100 1990 hollstadt.com
<br />46 Venture Bancshares Inc.10
<br />25 5601 Green Valley Drive
<br />Suite 120
<br />82 $16,61 1,035 Commercial bank serving small- to medium-sized
<br /> ,
<br />Bloomington, MN 55437 (952) 830-9999 .31% $13,650,365 businesses with products and services designed to 52 Michael Zenk
<br /> $10,233,936 meet their needs 2001 venturebankonline.com
<br />47 JobDig Inc.
<br />NR 10300 Valley View Road
<br />Suite 101 $5,619,448 Publisher of weekly employment newspaper through
<br /> ,
<br />Eden Prairie, MN 55344 (952) 277-4516 59.80% $4,732,957 15 editions in 14 states; also operates jobdig.com, an 83 Toby Dayton
<br /> $3,521,050 employment-related Web site 2003 jobdig.com
<br />48 Seacole-CRC"
<br />NR 702 S. Seventh St.
<br />5 $17,752,770 A formulator, blender and distributor of s ecialt
<br />P Y
<br />Gregg Elliott
<br />
<br />Delano, MN 55328 (763) 479-6525 8.84% $12,620,802
<br />$1 1,176,848 chemicals; target industries include electronics, metal
<br />finishing, personal care and transportation 44
<br />2002 seacole.com, chchemical.
<br />
<br />Verifications Inc.
<br />$65
<br />316
<br />787
<br />' com
<br />49 24 6900 Wedgwood Road N., Suite 120 57.88% ,
<br />,
<br />$58,519,094 Employment-screening and applicant-processing 645 Curt Marks
<br /> Maple Grove, MN 5531 1 (763) 420-0600 $41 371 176 services 1988 verificationsinc.com
<br />5o Paisley
<br />34 17400 Medina Road, Suite 850
<br />58,17°h $36,007,629
<br />$33,299
<br />306
<br />Software vendor that provides solutions for
<br />230
<br />Tim Welu
<br /> Plymouth, MN 55447 (763) 450-4700 ,
<br />$23,056,236 governance, risk and compliance 1995 paisley.com
<br />REVENUE
<br />TRACKING
<br />The Business Journal ranks
<br />the Fast 50 by revenue
<br />growth over three years,
<br />so actual revenue of its list
<br />makers fluctuates greatly in
<br />any given year.
<br />Combined revenue
<br />of all 50 companies:
<br />2004 $1.63 billion
<br />2005 $1.74 billion
<br />2006 $1.07 billion
<br />2007 $1.55 billion
<br />2008 $1.99 billion
<br />Combined revenue
<br />of the top 10:
<br />2004 $278.3 million
<br />2005 $1776 million
<br />2006 $145.9 million
<br />2007 $206.8 million
<br />2008 $214.7 million
<br />No.1 companies'
<br />revenue:
<br />2004 $5.9 million
<br />2005 $22.1 million
<br />2006 $55.6 million
<br />2007 $12 million
<br />2008 $13.1 million
<br />FOOTNOTES
<br />Abbreviations:
<br />Mfrs. =Manufactures
<br />NH =Not ranked
<br />Footnotes:
<br />}. The increase was calculated by
<br />taking the most recently completed
<br />fiscal year-end revenue, subtracting
<br />the revenue from two years prior (the
<br />base year) and dividkrg by the base
<br />year. Percentages were rounded to the
<br />nearest 100th.
<br />2. For companies with fiscal year ends
<br />on or before June 30, the calculation
<br />was figured with 2006, 2007 and 2008
<br />revenues.
<br />3. May be edited to fit
<br />8. Does business as d.Vio marketing group
<br />9. Fred Driver, Maureen Dyvig, Megan
<br />Devine
<br />10.Ooes business as Venture Bank
<br />11. Does business as SeacoleCRC and
<br />SeacolC&H
<br />Notes:
<br />-Private companies headquartered in
<br />the 11-county metro area had to meet
<br />the following criteria to be considered
<br />for inclusion an this list:
<br />• Provide financial data far the three
<br />most recently completed fiscal years ~ '
<br />• Have at least $1 million in revenue
<br />in the first of the three most recently
<br />completed fiscal years ~' '
<br />• Have consecutive revenue growth
<br />during the next two years
<br />-Growth rates and financial informs- I
<br />:ion were verified by Virchow Krause & ~
<br />:o., Bloomington
<br />iource: Company representalNes
<br />
|