Scottsdale entrants among fast-growth firms on Inc. 500

Plexus Worldwide, a Scottsdale company that makes weight-loss products, body creams and other health-focused products, leads Arizona’s contingent of fastest-growing private companies.

Plexus ranks eighth overall on the list of 500 top U.S. privately held companies tracked by Inc. magazine, based on self-reported revenue growth over the past three years. It’s one of 13 Arizona firms, including seven in Scottsdale, to occupy top spots in the study. Plexus had three-year revenue growth of more than 16,000 percent.

Blue Square Resolutions of Scottsdale and Tempe’s Base Commerce also cracked the top 25. Both firms offer payment services. Also in the top 100 are American Retirement Advisors of Scottsdale and the Joint, a Scottsdale company that franchises chiropractic clinics, along with Ethology, a Scottsdale digital-marketing agency.

Arizona’s count of 13 companies in the top 500 is up from 10 firms in Inc.’s 2013 report. Fuhu, a Southern California company that provides an Android tablet for kids, was the fastest-growing company overall, with a three-year revenue gain of nearly 159,000 percent, according to Inc. Few private firms divulge their income statements or other financial records publicly.

Among Arizona’s entrants on the Inc.500 list, three firms are in financial services and three others are in technology. Most started operations during or after the recession hit in 2007.

The number of workers employed by these companies ranges from 183 at WebPT, a Phoenix software company that serves physical therapy practices, to three at Lumber One Services, a Paradise Valley firm that supplies building materials.

Rigid Industries, a Gilbert manufacturer of LED lighting for vehicles, also has a relatively high employee count of 165 workers. Plexus, which also sells multivitamins and a breast self-examination kit, counts 130 workers.

Most companies on the Inc. list have revenue under $50 million. Among the Arizona firms on the Inc. 500, Plexus had the highest revenue at $160 million.


Five Arizona Companies make list

The report shows Arizona, and the Valley especially, to be an active area for entrepreneurs. Arizona placed 104 companies on the broader Inc. 5000 list, ranking 17th among the states. California was the leader, with 694 companies on the Inc. 5000, followed by Texas and New York.

The seven Arizona companies ranked between 100 and 500 are: Trapp (294), Rigid Industries (316), FlexGround (359), WebPT (362), Lumber One Services (379), Caliber Cos. (404) and Server Hub (426).

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Entrepreneur hotbed

These Arizona companies made Inc. magazine’s top-500 list, based on highest revenue growth over the past three years.

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