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91 Houston area companies make list of the 5000 fastest growing private companies in the US and there is a list that breaks down the companies by sector. This poster believes the list shows evidence of greater economic diversity in the Greater Houston area YMMV.
Texas entrepreneurs showed their resilience during an unpredictable, and often challenging year for business, with 426 companies in the state earning a spot on the newly unveiled Inc. 5000 list of the nation's fastest-growing private companies.
Inc. ranked 5,000 companies by percentage revenue growth from 2017 to 2020. Eight of the top 100 were from Texas, including Houston-based Homestead Brands at No. 98. It was one of 91 companies based in the Houston area to make the list.
Homestead Brands, an online retailer of the Lori Wall Bed, an affordably priced Murphy bed that consumers assemble themselves, saw its revenue grow by more than 3,900 percent during the period. The wooden bed, which can be stored upright, doubles as shelving.
The Houston companies on the list generated $7.3 billion in revenue and posted a median growth rate of 191 percent, according to Inc.
Jon Shapley, Houston Chronicle / Staff photographer
Here are highlights of Houston companies on the list, by industry:
Ten construction companies, led by Big Country Maintenance with a 733 percent increase in sales.
Seven financial services companies, led by Centric Advisors with a 619 percent increase in sales.
Seven software companies, led by Onit, with a 408 percent increase in sales.
Seven business products and services companies, led by Novo Business Systems with a 381 percent increase in sales.
Six health-related companies, led by Endo1 Partners with a 2,936 percent increase in sales.
Six energy companies, led by Blackbuck Resources with a 1,616 percent increase in sales.
Six IT management companies, led by Holland Parker with a 640 percent increase in sales.
Six real estate companies, led by Belvoir Real Estate Group with a 479 percent increase in sales.
Five advertising and marketing companies, led by No. 620 Scalable Brands with a 777 percent increase in sales.
Four environmental services companies, led by SIA Solutions with a 121 percent increase in sales.
Three human services companies, led by Rayne Staffing with a 3,390 percent increase in sales.
Three manufacturing companies, led by Cinch Kit with an 1,801 percent increase in sales.
Three engineering companies, led by Odyssey Engineering with a 352 percent increase in sales.
Two telecommunications companies, led by Zulie Venture with a 2,283 percent increase in sales.
Two IT system development firms, with Sira Consulting registering a 276 percent increase in sales.
Two logistics companies, led by XLR8 Delivery, with a 430 percent increase in sales.
One food and beverage company, Mpact Beverage Solutions, with a 253 percent increase in sales.
One retail company: VIR Ventures with a growth rate of 224 percent.
One company in the insurance category: Select Title with an 85 percent increase in sales.
So Tilman Fertitta is purchasing a bank. Chasewood Bank to be exact. This is an interesting deal with his portfolio. However, it appears Chasewood also owns a real estate portfolio which may be beneficial in growing some of Fertitta’s concepts. And portfolios begin to diversify at very deep rates such as where Fertitta is headed, it’s been traditionally common for investors to look to have a finance arm. Not gonna lie this will be an interesting deal to see what it comes to. When the deal closes, he will be 100% owner
Houston software firm targets hiring, product expansions after investment
Houston-based software firm CloudNine plans to hire and expand its product suite after closing "a major funding round," the firm announced June 14.
"Within the last decade, the rapid addition of new communication mediums has made identifying, collecting and storing information in response to a request for production in a lawsuit or investigation more difficult than ever to capture and process," said Tony Caputo, CEO of CloudNine. "This investment capital will enable us to increase our investment in additional product offerings and allow both new and existing customers to rely on CloudNine to manage e-discovery complexity."
Portions of the investment will go toward hiring, CloudNine said. The company plans to increase its headcount by more than 50% in the next three years. CloudNine will also invest in developing new software offerings to simplify the e-discovery process. The equity investment will also go toward funding future acquisitions.
CloudNine was founded in 2002. Headquartered in Houston, the firm has additional locations in Raleigh, North Carolina, and Dayton, Ohio, as well as remote employees in the U.S. Caputo, a veteran in the legal and e-discovery technology industry, joined CloudNine as CEO in 2019.
CloudNine acquires ESI Analyst, expanding e-discovery, data analysis capabilities
Houston-based software firm CloudNine is expanding its capabilities in e-discovery and electronic data collection with an acquisition.
CloudNine acquired ESI Analyst, which develops an electronic discovery, review and investigation platform for data and metadata analysis, the firms announced Aug. 25. Financial terms of the deal were not disclosed.
CloudNine plans to combine its e-discovery platform with ESI Analyst's capabilities to allow customers to upload and analyze datasets from a single, integrated platform for law firms, corporate legal departments, legal service professionals and government agencies. ESI Analyst brings capabilities for more modern forms of data, like mobile, chat, social and more.
CloudNine has been eyeing opportunities to expand its software offerings in the e-discovery space for legal-focused customers. In June, the Houston-based firm announced receiving an equity investment from Denver-based private equity firm Crest Rock Partners, which was aimed at fueling headcount growth and new product development. CloudNine said it plans to increase its headcount by over 50% in the next three years
Headquartered in Houston, CloudNine has additional locations in Raleigh, North Carolina, and Dayton, Ohio, as well as remote employees in the U.S.
Mattress Firm is launching an IPO, and will now be independent. Similar to what Academy Sports + Outdoors did last year (and is now a Fortune 500 company)
Houston-based Quanta Services Inc. (NYSE: PWR), which designs, installs, repairs and maintains energy and communications infrastructure, will pay $2.7 billion to acquire a company focused on renewable energy infrastructure.
The deal to acquire Avon, Minnesota-based Blattner Holding Co. — the parent company of Blattner Energy Inc. and D.H. Blattner & Sons Inc. — is expected to close in the fourth quarter of 2021. Blattner will serve as a platform operating unit of Quanta.
Blattner generated approximately $2.4 billion in full-year 2020 revenue and adjusted EBITDA of $291 million. The company provides front-end engineering, procurement, project management and construction services for wind, solar and energy storage projects. It has completed or been awarded more than 300 wind projects, more than 90 solar projects and 17 energy storage projects.
A tech center for a major national bank in a downtown office tower is steadily growing applying innovative solutions to customer problems and adding economic diversity to the Greater Houston economy.
Chase unveils tech hub in downtown Houston's tallest tower
The Global Incident Command Center at the JPMorgan Chase offices at 600 Travis is shown Tuesday, Sept. 7, 2021 in Houston. JPMorgan Chase has completed its move back into the downtown Houston skyscraper that bears its name. More than 1,700 bank employees - most of them technologists making up the Houston Technology Center - are occupying 12 floors in the 75-story JPMorgan Chase Tower at 600 Travis Street, to create an urban campus along with its operations at the nearby historic 712 Main building. The bank leases 250,000 square feet at 600 Travis, which is undergoing renovations to the plaza and tenant amenities.
JPMorgan Chase has returned to its namesake tower in a move that brings 1,700 employees to its growing urban campus in downtown Houston.
The New York bank, which vacated the bulk of its space in the 75-story building 15 years ago, unveiled new offices spanning 12 floors at 600 Travis.
The building brings together more than 1,600 technologists from seven lines of business, according to Chase. The Technology Center, which has grown from 250 employees since its start in 2002, is looking to fill 250 additional positions.
The new office houses a global incident command center, one of several such centers worldwide where software engineers support technology for the bank around the clock.
Houston-based Sweet Paris Creperie & Cafe will bring its crepes to a new city in Texas and a new state.
Sweet Paris will open four stores in Miami and three stores in Dallas, adding to its 10 stores in Texas already. Ludovic "Ludo" Le Gall and Yi Wang, who currently own the Baybrook Mall location, are the franchisees for the Dallas stores. The four Miami locations will consist of two corporate-owned stores and two franchised stores. Ivette Escobar, who was the company's chief development officer for nearly a decade, is the franchisee for the latter two stores.
The company currently has seven locations in the Houston area, one in College Station, one in Austin, one in San Antonio and one in Mexico.
Rapidly expanding Key Capture Energy plans to double Houston presence
Albany, New York-based energy storage developer Key Capture Energy LLC was already planning to double its Houston employee base in the coming months.
Now, its acquisition by South Korea-based SK E&S Co. will create even more opportunities for growth, especially in Texas, co-founder and CEO Jeff Bishop said in an interview.
While terms of the deal were not disclosed, the energy storage company said its new owner will be investing $1 billion in Key Capture in the near term.
Since its founding five years ago, Key Capture has had offices in Albany and Houston. The employee base in Albany grew from two to 20 in four years, while the Houston headcount grew from 10 to 20 over the past year, Bishop said.
In the next few months alone, Key Capture plans to hire an additional 20 workers in Houston, Bishop said. When the Covid-19 pandemic eases, they’ll start working out of the company’s new 6,000-square-foot office at 801 Congress, where Key Capture signed a lease in late August.
But looking ahead, much of the company’s growth will likely be in Houston, Bishop said, due to its status as the country’s energy capital. Many of Key Capture’s hires in this region have come from the oil and gas sector, as has been the case at other Houston-based wind, solar and energy-storage companies.
“As we are deploying hundreds of millions of dollars a year, you need their processes, procedures and views,” Bishop said. “The oil and gas industry does these very large multibillion-dollar projects, and they teach that really, really well. There's a lot of embedded knowledge within Houston's energy community that's easily transferable to the energy transition companies. All of us really, really need that skill set from the traditional or legacy fossil fuel industry as they know what they're doing.”
A residential solar company has tripled its headcount since moving its headquarters to Houston in 2018, leading it to sign a new lease for a larger space in Memorial City.
Spruce Power LLC, the largest privately held residential solar company in North America, is moving to a nearly 34,000-square-foot space in Two Memorial City Plaza at 820 Gessner Road from a roughly 20,000-square-foot office at Highway 290 and the 610 Loop.
Acquiring smaller residential solar companies, such as NRG Energy’s distributed solar power business in 2020, and taking care of the customers adopted through those acquisitions has become Spruce’s bread and butter, fueling nearly all of its growth.
Although the company had already shifted some customer service operations to Houston before the acquisition, Fong chose to move Spruce’s entire headquarters to Houston for its new chapter. Currently, the company also has offices and some executive team members in Boulder, Colorado, and Mill Valley, California.
Now, Spruce has been able to find the space to put all of its new employees, who are working in shifts at the company’s current office. The new office space also will allow the company to grow its headcount further.
"We continue to hire and have hired quickly," Fong said. "I would anticipate that we'll go from 120 people in Houston to probably 200 people in Houston in the next two to three years. The beauty of Houston is that it's going to be a stable, long-term place to work, and that's hard to find sometimes in the energy industry. It's very difficult to find in San Francisco.
Last edited by Jack Lance; 09-17-2021 at 01:19 PM..
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