30 Richmond-area companies make Inc. 5000 list of the fastest-growing businesses
Aug. 16, 2017
Thirty companies based in the Richmond region have made this year’s Inc. 5000 list of the nation’s fastest-growing private businesses.
They include companies in technology, real estate investment, business consulting, government services, logistics, insurance, health, pet products and pest control, among others.
Inc. magazine published its 2017 rankings of the 5,000 fastest-growing businesses by revenue on its website Wednesday. The rankings are based on the companies’ three-year revenue growth rates.
The fastest-growing company in the Richmond region on the Inc. 5000 this year is Capital Square 1031, a national real estate investment and management company based in Henrico County.
The company made the rankings for the first time at No. 485, with 2016 revenue of $42.7 million and a three-year growth rate of 925 percent. Founded in 2012, Capital Square has 28 employees.
Making the Inc. 5000 “caps off” a year of growth for the company in which it added employees and doubled its office space to about 12,000 square feet in the Innsbrook Corporate Center, said Louis J. Rogers, the company’s founder and chief executive officer.
“Our people put everything into their jobs, and that has really made us the company we are,” he said. “It also helps that we have a product that people love, because it involves tax deferral.”
The firm sponsors real estate exchange programs that qualify for tax deferral under section 1031 of the Internal Revenue Code.
Capital Square was one of five local companies that broke the top 1,000 on the list.
The others were: Shockoe, a cross-platform mobile development firm, which ranked No. 499; The Hilb Group, a middle market insurance agency, at No. 619; Productive AV, a government services company, at No. 825; and American Pillowcase, an online retailer and wholesaler of luxury sheets and towels, at No 978.
The largest Richmond-area company on the list, measured by revenue, is Estes Forwarding Worldwide, a logistics and transportation company that ranked No. 4,557, with 2016 revenue of $142.5 million and three-year growth of 53 percent.
Two companies have made the Inc. 5000 list at least 10 times, while five other businesses have been on the list five or more years.
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