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October 20, 2017

Ranked: Washington's 100 Fastest-Growing Private Companies

Puget Sound Business Journal

Melissa Crowe

There's more to running a company than winning, former Seahawks star Jordan Babineaux said.

The NFL player discussed networking ("a contact sport") and his recent entry into entrepreneurship in the keynote address at this year's Blue Friday Bash at CenturyLink Field to celebrate Washington's 100 Fastest-Growing Private Companies.

Their growth is most evident in their workforce. The 100 companies recognized Friday employed about 18,750 people globally in 2014. That total nearly doubled in 2016, reaching 36,300.

Revenue for these companies has soared throughout the past three years. In 2013, these companies together reported more than $2.54 billion in revenue. And in 2016, they grew that total to more than $4.88 billion, a collective increase of 92 percent

Brett Clifton, managing partner at RedCloud Consulting, said the bedrock of his company's partnership and growth is that he and Managing Partner Brett Alston "built the company on the same primary two principals of integrity and transparency."

Alongside RedCloud, which has increased revenue by nearly 700 precent to $8.7 million between 2014 and 2016, nearly half of the companies on this year's List are showing sustained growth. Fourty-four companies ranked last year, 21 are ranking for their third year in a row and 13 are ranking for their fourth consecutive year.

This year's List includes 40 family-owned companies, 17 women-owned companies, 15 minority-owned companies and four LGBTQ-owned companies.

More than half - 68 companies - are hiring, while 28 want to expand.

The Puget Sound region's flourishing construction industry is evident on the List, where nearly a quarter of the companies ranked in the top 100 are in construction.

Jeff Lyon, CEO and chairman of Kidder Mathews, said they're working to retain talent by remaining relevant and keeping up with technology.

"We are never satisfied where we are, and always striving to be and do better for our own success as well as the success of our clients," Lyon said.

For the full story, visit: Puget Sound Business Journal

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