Graphic via Inc. 5000
Written by The Business Journal Staff
A quartet of local businesses have made the annual Inc. 5000 list of fastest-growing companies in the U.S.
Business magazine Inc. ranks participating private companies on three-year revenue growth— from 2018 to 2021 for this year’s list. The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million.
Inc. Special Projects Editor Eric Hagerman noted in strong terms the rate at which companies on the list grew revenue this year.
“There’s rapid growth, and then there’s the sort of rapid growth that can melt the enamel right off your damn teeth,” Hagerman wrote. “Surely that’s what it felt like for the founders in this edition of our annual list of America’s fastest-growing private companies. For they have piloted their startups on an atmosphere-piercing ride the likes of which we’ve not seen before. Among the top 500, the median revenue growth rate over the past three years is 2,144 percent — up from 1,820 percent for the 2021 list.”
Fresno-based Balanced Comfort made the No. 511 spot on the list — the highest of any local firm. The company led by Aaron Husak was founded in 2012 and provides HVAC, plumbing, energy audit and modeling services. Balanced Comfort reported 1,211% growth over the last three years, improving its position on the list from No. 817 in 2021.
Kuubix Global in Visalia made the No. 670 spot on the list with 939% growth over the last three years. The company, under the leadership of Josh Butt, designs and installs solar panel systems for residential and commercial use.
EKC Enterprises in Fresno earned the No. 2,920 spot on the list with 186% growth. Under the leadership of Chris Shafer, the company provides low-voltage integration services for schools, colleges, hospitals and more.
Fresno-based Lee’s Air, Plumbing & Heating came in at No. 4,469 on the list with three-year growth of 99%. Under the leadership of Thomas Howard, the HVAC company provides air, plumbing and heating maintenance repair and replacement for residential and commercial customers.
No. 1 on the Inc. 5000 list was New Jersey-based financial services company BlockFi, which according to Inc. bridges “the gap between traditional finance and cryptocurrency.” It had three-year growth of 245,616%.