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Business, News

Report: These are the fastest-growing companies in Canada right now

Business, News

Report: These are the fastest-growing companies in Canada right now

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Daily Hive Staff Sep 14, 2017 3:29 am 2,784

Canada has some incredibly profitable companies that have generated millions in revenues over the past year.

And now, for the 29th year, PROFIT and Canadian Business have identified Canada’s Fastest-Growing Companies by ranking firms based on five-year revenue growth (from 2011 to 2016, or fiscal 2012 to 2017). A minimum revenue requirement of $2 million in the most recent fiscal year applied to all companies, which are located across the country from Dartmouth, Nova Scotia, to Victoria, BC.

A list of the top 500 companies is available by region, industry and size, but they have one thing in common: “They’re in serious growth mode at a time when most businesses decidedly are not,” according to Canadian Business. “They are the entrepreneurial superstars Canada’s economy needs.”

Below are the top 25 of the 2017 PROFIT 500 divided into cities including Toronto, Montreal, Calgary, and Vancouver.

Toronto

Elevate toronto

Toronto/Shutterstock

“Just over a fifth of the names on this year’s list hail from Toronto proper, while two-fifths call the Greater Toronto Area home,” states the PROFIT 500 report. “The 202 Greater Toronto Area firms on this year’s ranking grew their revenues an average of 797% between 2011 and 2016. Collectively they employed 34,903 full time-equivalent employees in 2016.”

The top companies in the region are:

1. Gillam Group
2. Maropost
3. Eden Park
4. Bronte Construction
5. Unata
6. Wyse Meter Solutions
7. TDot Performance
8. AcuityAds
9. Secure Sense Solutions
10. Top Hat
11. GreenSpace Brands
12. Format
13. Motoinsight (formerly Unhaggle)
14. TheRedPin
15. Delviro Energy
16. MobileLIVE
17. ThoughtWire
18. SearchKings
19. Wholesale Innovations
20. Iotum
21. ScribbleLive
22. Gigg Express
23. Surround Integrated Marketing
24. Bluelime Enterprises
25. SPICE

Montreal

Climate Change Montreal

Montreal/ Shutterstock

A tenth of the names on this year’s list come from the city and boroughs of Montreal.

“The 63 firms from Grand Montréal on this year’s ranking grew their revenues an average of 682% between 2011 and 2016. Collectively they employed 5,201 full time-equivalent employees in 2016,” states the report.

The top companies in the region are:

1. IOU Financial
2. FixMeStick
3. EBOX
4. Arani
5. Spray-Net
6. Quadbridge
7. IRT Technologies
8. Neuvoo
9. Certified Cartridges
10. UP Equip
11. Bioastra Technologies
12. Kinova Robotics
13. GSOFT
14. LinkNow Media
15. DCM
16. A+ Entrepreneurs Généraux
17. Atypic
18. QHouseKids
19. BSC (Backstage Commerce)
20. Xpertdoc
21. Artika
22. Exia Group
23. Functionalab Group
24. Bloom
25. KLF Media

Calgary

Calgary/Shutterstock

Heading west, Calgary may be known for its energy industry, but its companies on this year’s list come from a variety of industries.

According to the Canadian Business report, the 19 Calgary firms on this year’s ranking grew their revenues an average of 341% between 2011 and 2016, and collectively they employed 1,084 full time-equivalent employees in 2016.

The top companies in the region are (note, there are only 19 listed in this region):

1. Vets To Go
2. Ryan Murphy Construction
3. Fiasco Gelato
4. Summit Kids
5. iON United
6. 2 Percent Realty
7. Blackline Safety
8. Rockwood Custom Homes
9. Fitter International (Fitterfirst)
10. Livestock Water Recycling
11. Hope Street Real Estate Corp.
12. ProStar Cleaning and Restoration
13. Blush Lane Organic Market
14. The Canadian Trade House
15. SysGen Solutions Group
16. Rosedale Sheet Metal
17. CTX Logistics
18. REC Media
19. Dynamysk

Vancouver

Vancouver Skyline

Vancouver/ Shutterstock

“With a thriving technology sector and access to growing markets across the Pacific, it’s little wonder that business is booming in Vancouver,” states Canadian Business.

More than a tenth of the names on the list are headquartered in and around the city.

According to this year’s list, the 56 firms from Metro Vancouver on this year’s ranking grew their revenues an average of 1,321% between 2011 and 2016, and employed 5,629 full time-equivalent employees in 2016.

The top companies in the region are:

1. Buyatab Online
2. Milo Enterprises
3. Canada Drives
4. Adroit Overseas Enterprises
5. Centurion Trucking
6. RecycleSmart Solutions
7. Merchant Advance Capital
8. Unbounce
9. Traction on Demand
10. Appnovation
11. Eco Paving
12. Saje Natural Wellness
13. PageFreezer
14. Certified Battery
15. KIMBO Design
16. Impact Recruitment
17. Canada Intercambio
18. Avigilon
19. Advisor Websites
20. Altec Integrated Solutions
21. TAK Logistics
22. Copperleaf
23. Famoso Pizzeria
24. Happier IT
25. Agreement Express

See also

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Daily Hive Staff
Launched on June 1, 2016, Daily Hive is the evolution of Vancity Buzz and is now in Vancouver, Calgary, Toronto, and Montreal.

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