Three new honorees among 12 Maine companies to make prestigious Inc. 5000 list
A dozen Maine businesses have made Inc. magazine’s 2020 list of the 5,000 fastest-growing private companies in the U.S. — and the roster, released Wednesday, includes familiar names and a few surprises.
Portland-based Brickell Men's Products, which produces grooming and skin care items, ranked highest among Maine companies for the second year in a row. Brickell was No. 133, with three-year revenue growth of 2,774%, after ranking No. 76 nationally in 2019, based on growth of 4,208%.
Inc. ranks the companies annually according to the percentage of their self-reported revenue increase over the previous three years. To make the list, businesses must have had revenue of at least $2 million in the most recent year, and be privately held, independent companies, not subsidiaries or corporate divisions.
Other Maine companies that made the prestigious annual list, with their location, revenue growth and rank:
- Mast Landing Brewing Co., Westbrook, 1,378%, No. 330
- Origin, Farmington, 1,253%, No. 362
- STARC Systems, Brunswick, 438%, No. 1,058
- Anchour, Lewiston, 399%, No. 1,133
- Octane Marketing, Portland, 395%, No. 1,148
- Tilson Technology Management, Portland, 203%, No. 2,078
- Veritas Prime, Portland, 192%, No. 2,183
- Sea Bags, Portland, 96%, No. 3,747
- Logically, Portland, 93%, No. 3,837
- MuniciPay, Portland, 58%, No. 4,869
- SaviLinx, Brunswick, 57%, No. 4,909
While Brickell and another eight of the companies returned to the Inc. 5000 being ranked at least once before, there were three first-time honorees: Mast Landing, a craft beer maker; Origin, a manufacturer of athletic apparel; and Octane Marketing, an automotive marketing firm.
The number of Maine companies on the new Inc. list, 12, is up from last year's total, 11, and 10 that were ranked in 2018. In 2017 there were 12.
Among the returning companies this year, Tilson is the Maine company with the longest streak of Inc. 5000 appearances. The technology infrastructure services firm earned its 10th consecutive spot on the list, and is one of only 113 companies with that many rankings — or less than 1% of all honorees in the 39-year history of the Inc. 5000.
"We're incredibly proud to have executed on a decade of sustainable growth and I'm deeply grateful to the employees of Tilson who have made this happen with their dedication to our mission," Tilson CEO Joshua Broder said in a statement after Wednesday’s rankings were announced.
"Our mission to build America's information infrastructure and keep Americans connected has never been more important than it is right now.”
Another returning rankee was STARC Systems, which is headquartered in the Brunswick Landing business complex and manufactures reusable wall containment systems for health care facilities.
STARC debuted last year on the Inc. 5000 at No. 460, with revenue growth of 938%. The company’s 2020 rank, No. 1,058, put it No. 24 among all manufacturers nationwide on the list.
"We're honored to be included on the Inc. 5000 list for a second year in a row," said President and CEO Chris Vickers in a statement. "This recognition is a result of how hard our entire team has worked to deliver temporary containment systems and instant isolation solutions as quickly as possible to contractors and health care facilities across the country."
Maine companies on the 2020 Inc. 5000 reported most recent annual revenues totaling $252.6 million, up from a total of $155.8 million reported by companies on the 2019 list. Median three-year revenue growth in both years was just under 300%.
Inc. Editor-in-Chief Scott Omelianuk commented: "The companies on this year's Inc. 5000 come from nearly every realm of business. From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism."
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