by Tyler Hale
When it comes to fast-growing businesses, Arkansas is flying under the radar. But that doesn’t mean that these companies are not attracting notice. One national publication that tracks the growth rate of privately-held companies has recognized several Arkansas businesses.
Eleven Arkansas companies have been listed on the Inc. 5000, a list of the 5,000 fastest growing privately held companies in the United States. These 11 companies account for $129 million in revenue collectively.
Of that total, four companies are based in Northwest Arkansas, two are in Little Rock, two are in Fort Smith, and there is one company in West Memphis, Conway and Hot Springs.
The highest ranking company on the Inc. 500 list is the Fayetteville-based financial services company The Cabana Group. Ranked at #671 on the overall list, the publication listed it has the top Arkansas company and as #25 on the Top Financial Services company list.
While The Cabana Group had the smallest revenue of all the Arkansas companies ($2.6 million in 2018), it had the greatest growth percentage over the past three years: 652 percent.
Bentonville-based company RevUnit follows close behind as the second-highest ranked Arkansas company at #754. These is the third consecutive year that RevUnit has earned a place on the list. It was listed at #1228 in 2018 and at #584 in 2017. The company had $15.2 million in revenue for 2018 and had a 579 percent growth rate over three years.
Two Little Rock companies have the third and fourth highest growth rates for Arkansas companies. Chenal Family Therapy grew by 455 percent, while Team SI grew by 274 percent over three years. Chenal Family Therapy and Team SI reported $4.2 million and $22.2 million in revenue, respectively.
This is the second year on the list for Chenal Family Therapy, which was #1854 in 2018. It is the third non-consecutive year for Team SI, which was named to the list in 2015 at #276 and in 2016 at #648.
Fayetteville e-commerce retail company Overdrive Brands made the list for the third year in a row, notching overall rank #1,666. It had a 246 percent growth rate. It had been #785 and #1089 on the list in 2018 and 2017, respectively.
Whoice USA, a window installer and supplier based in Hot Springs, recorded a 227 percent growth rate in three years. It reported $27 million in revenue for 2018.
Fort Smith real estate company Trinity Multifamily made the Inc. 500 list at #2,600. The company had 150 percent growth. Trinity moved up the list this year; it had been listed at #3,581 in 2018.
Consumer electronics company Upper Edge Technologies, based in West Memphis, is the sole company on the eastern side of Arkansas. Upper Edge experienced 127 percent growth, making this its first appearance on the Inc. list.
B-Unlimited currently holds the record for most appearances by an Arkansas company on the Inc. 5000 list. It has appeared on the list four consecutive times since 2016. This year, the company, which had 112 percent growth and $9.4 million in revenue, was #3,243 on the list. In 2018, it was #2,772, while in 2017, it was $1,705 and in 2016, it was #1,839.
Greenview Lawns is another Arkansas company making its debut on the Inc. 5000 list. The Fort Smith grounds and landscaping management company had 112 percent growth with $3.8 million in revenue.
The final Arkansas company listed is Elite Core Enterprises, a Conway-based audio, video and lighting equipment manufacturer. Founded in 2014, it has had 109 percent growth over three years with $7.4 million in revenue for 2018.