Eight Maine businesses made this year’s Inc. 5000 list of the country’s fastest-growing privately held companies.
One company, Portland-based Sound Rink, made the Inc. 500 list, while another, Portland-based Tilson Technology Management, made the Inc. 5000 list for the sixth consecutive year. The list was published Wednesday.
Maine companies on the Inc. 5000 list
- 3-year growth
- 2015 revenue
- Sound Rink
- 1,714%
- $3.2 M
- Apothecary By Design
- 450%
- $166.6 M
- Municipay
- 411%
- $2.9 M
- Vets First Choice
- 316%
- $60.9 M
- Tilson
- 207%
- $21.6 M
- TideSmart Global
- 115%
- $16.1 M
- Landry/French Construction
- 110%
- $38.8 M
- BlueTarp Financial
- 80%
- $17.6 M
Sound Rink debuted at No. 232 on Inc.’s 2016 list. The company, launched in 2012, reported revenue growth of 1,714 percent from 2013 to 2015. Its total revenue in 2015 was about $3.3 million.
Sound Rink organizes and sells concert packages that include tickets to the show, meet-and-greets with the performers and limited-edition souvenirs such as posters, T-shirts and other items. It is one of just a handful of Maine companies to make the Inc. 500 list in recent years. Others include Auburn-based Provider Power, which was ranked No. 6 on the list in 2014, and Portland-based Vets First Choice, which was ranked No. 30 in 2012.
Vets First Choice was ranked No. 1,232 on the 2016 list, while Provider Power was not on the list.
Telecommunications firm Tilson was ranked 1,795 on the 2016 list with 207 percent revenue growth from 2013 to 2015, and revenue of $21.6 million in 2015. This is its sixth consecutive year placing in the Inc. 5000.
Only about 20 percent of the businesses on the list have been included more than five years in a row, according to the magazine.
Tilson CEO Joshua Broder said the company’s six-year growth streak proves that Maine-based businesses can be very successful.
“Maine has provided opportunities to earn our stripes on several massive infrastructure projects, including the Three Ring Binder project and Central Maine Power’s AMI project,” Broder said. “We have been able to leverage that experience nationally with great results. In addition, the quality of life helps us attract top talent.”
The annual Inc. 5000 list is composed solely of private companies that applied to the magazine for consideration. All applicants must be willing to disclose key financial details, such as revenue, over a three-year period.
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