FASTEST-GROWING COMPANIES

R.I. companies make Inc. Magazine’s 2011 fastest-growing companies list

PBN FILE PHOTO/RUPERT WHITELEY
FIFTEEN RHODE ISLAND companies - including Alex and Ani LLC - made Inc. Magazine’s 2011 ranking of the fastest-growing private companies in America.
Posted 8/7/12

(Corrected, 8:30 p.m., Aug. 15)

NEW YORK - Fifteen Rhode Island companies and seven in neighboring Bristol County, Mass., made Inc. Magazine’s 2011 ranking of the fastest-growing private companies in America.

The business magazine started the Inc. 500|5000 list in 1982, ranking privately-owned companies across all industries according to percentage revenue growth over a three-year period.

Alex and Ani LLC made it onto the top 500 tier of the Inc. 5000 and was featured in Inc.’s Sept. 2011 issue.

Fuel Belt, (add)ventures and Ineoquest made the Inc. 5000 Honor Roll List for appearing five times or more on the list.

On a national level, the year’s fastest-growing company was ideeli, a New York-based members-only retail site. The shopping site has more than 4 million members, earned $77.7 million in revenue in 2010 and saw a three-year growth rate of 40,882 percent.

U.S. GDP growth over the three-year period was the lowest of any three-year period since the list debuted in 1982.

The total growth rate, which is the percentage increase of the sum of all honoree’s revenues, for last year’s Inc. 5000 reflected the sluggishness of the national economy, topping out at 42.6 percent.

The fastest-growing industry on the list was real estate, followed by government services and energy.

Inc. 5000 companies added approximately 370,592 jobs over the three-year period and earned a total of $366 billion in revenue, up 14 percent from the previous year.

Rhode Island and Bristol County, Mass., companies and their ranking on the 2011 Inc. 5000 list include the following:

Rhode Island

  • No. 470 – Alex and Ani

  • No. 573 – VMS Alarms

  • No. 951 – Semper Home Loans

  • No. 1086 – Andera

  • No. 1253 – Linear Tile & Closing

  • No. 1318 – Amazing Charts

  • No. 1526 – Narragansett Brewing Company

  • No. 2074 – Home Care New England

  • No. 2307 – Moonworks

  • No. 2567 – Embrace Home Loans

  • No. 2841 – Carousel Industries

  • No. 3317 – (add)ventures

  • No. 3594 – Proscape Landscaping

  • No. 4086 – DeWolf Chemical

  • No. 4894 – Fuel Belt

Bristol County, Mass.

  • No. 2380 – Compressor World

  • No. 2468 – IneoQuest Technologies

  • No. 2709 – Accutrust Mortgage

  • No. 2971 – Chex Finer Foods

  • No. 3139 – Blount Fine Foods

  • No. 4408 – HS Brands International

  • No. 4931 – Florence Electric/Kaydon IT

For the full list visit: www.inc.com.

Editor’s note: Initial versions of this story incorrectly stated that the companies mentioned were part of the 2012 Inc. 500/5000 list, when in fact they were all on the 2011 list. The updated list had not been published at the time of publication of this story.

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