An annual ranking of the fastest-growing privately-owned companies in the U.S., the list is compiled using percentage revenue growth from 2020 through 2023.
To qualify, companies - which cannot be subsidiaries - must have been founded and generating revenue by March 31, 2020. According to the list, the Alabama companies on the list experienced 197% median growth and added nearly 8,200 jobs. LaunchTech of Huntsville was the highest company on the list, at 269. It experienced a three-year growth of 1,552%.Huntsville telecom company Velox was third at 507, with a growth rate of 871%.Rapid Fire Home Buyers of Montgomery at 561, with 797% growth. Madison’s 5Boys Apparel, at 947, with 536% growth. Global K9 Companies of Opelika at 1,079, with 473% growth. Evernest of Birmingham at 1,196, with 429% growth. SPOC of Trussville at 1,429, with 359% growth.