This year, 21 companies in Hampton Roads made the Inc. 5000 list of fastest-growing independent businesses.
The number of regional businesses on the list grew from 17 last year. The list, released in August, names 275 companies in Virginia, an increase from 258 last year.
Private companies apply to be on the list and are ranked according to percentage revenue growth from 2019 to 2022. Inc. magazine required minimum revenues of $100,000 in 2019 and $2 million in 2022.
Virginia Beach-based Groundworks, a foundation and water management solutions company, appeared for the seventh consecutive year after expanding in California. It’s grown to one of the largest companies on the list with more than 4,400 employees, founder and CEO Matt Malone said.
Hampton-based Threat Tec, which contracts with the federal government to provide military training, appeared for the second consecutive time and noted how it was able to grow revenue while navigating challenges, including inflationary pressures, escalating capital expenditures and workforce constraints.
TechArk Solutions, a digital marketing and software development firm in Norfolk, made the list for the third consecutive year, rising in the ranks. CEO Pratik Kothari credits the business’s culture and people for the growth.
“I believe TechArk is an example of how companies can grow and thrive with a fully remote workforce,” Kothari said.
Melone Hatley ranked second fastest-growing in Hampton Roads. The woman-owned law firm recently opened a 10,000-square-foot corporate office off Lynnhaven Parkway in Virginia Beach and is bringing 50 more jobs to the area, owner Rebecca Melone said.
Here’s how the Hampton Roads companies ranked:
- 252: VA Wholesale Mortgage in Virginia Beach
- 575: Melone Hatley in Virginia Beach
- 1,290: Vectrona in Virginia Beach
- 1,452: 1st Class Real Estate in Virginia Beach
- 1,459: Groundworks in Virginia Beach
- 1,511: Matbock in Virginia Beach
- 1,696: Choice Financial Group in Virginia Beach
- 1,759: Threat Tec in Hampton
- 1,790: Markesman in Newport News
- 1,931: Born Primitive in Virginia Beach
- 2,438: LionHeart Alliance in Virginia Beach
- 2,631: The Breeden Co. in Virginia Beach
- 2,844: TechArk Solutions in Norfolk
- 2,883: Hutton Electric Heating & Air in Norfolk
- 2,900: Greenbrier Management Co. in Williamsburg
- 3,092: G2 Ops in Virginia Beach
- 3,101: College Hunks Hauling Junk & Moving in Norfolk
- 4,163: Global Planning Initiatives in Virginia Beach
- 4,204: Priority Title & Escrow in Virginia Beach
- 4,402: Parks Zeigler in Virginia Beach
- 4,674: Bayside Ventures in Norfolk
View the full list of 5000 companies at inc.com/inc5000.
