For the first time, the Globe and Statista rank the region’s revenue-growth champions.
ByGlobe Correspondent
The early part of this decade proved an extraordinary period in economic history as pandemic shutdowns morphed into relentless hiring, rising wages, game-changing technology, and record profits.
But extraordinary doesn’t quite describe what some companies accomplished in the post-pandemic rebound. Their financial results were more than extraordinary. Perhaps extra-extraordinary. Or just plain bonkers.
The Boston Globe’s inaugural list of New England’s Fastest-Growing Companies captures this madness, highlighting businesses that expanded their sales and revenues at a breathtaking pace during the bust-to-boom period of 2020 to 2023.
The list was compiled for the Globe by Statista, a market research and data analysis firm. Statista contacted more than 2,000 companies headquartered across the six New England states. Additional companies were reached through advertising and news coverage in the Globe and invited to apply. To qualify, companies had to generate a minimum of $100,000 in revenue in 2020 and $1.5 million in 2023 and share their annual revenues from those years.
Although the list is not comprehensive, it is representative, capturing the strength and diversity of the New England economy. The 50 companies — small, large, and midsize — hail from sectors ranging from agriculture to technology, construction to financial services, manufacturing to health care. Most are privately held, but several publicly traded companies made the cut, including DraftKings, the fastest-growing company in the “over $50 million” revenue bracket.
Overall, these companies were able to provide what customers wanted, when they wanted it. Some were in the right place at the right time. Others spent years building to the moment.
Still others have done it again and again over decades. Global Partners, for example, began as a single truck delivering heating oil in Greater Boston in 1933, grew to become one of the Northeast’s largest fuel distributors, and doubled revenues from 2020 to 2023.
As Michael Goodman, professor of public policy at the University of Massachusetts Dartmouth, puts it: “The recipe for growth and prosperity has long been finding ways to extract value and opportunity, even in difficult times.”
Source: New rankings: Fastest-Growing Companies in MA, NH, RI, VT, CT, ME
