NEW YORK, August 15, 2023 – Inc. revealed today that Hive Group ranks No. 513 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000. This honor highlights Hive Groups’ dedication to innovation and quality as they continue to lead their sector and have a major, long-lasting impact on the government contracting environment.
“To be ranked in the top 10% of companies this year, in a list of 5,000 honorees, should provide all of us perspective on what we’ve accomplished and what we’re capable of,” said Hive Group CEO, Will Fortier.
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 5000 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 5000 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
About Hive Group
Hive Group LLC is a high-energy, SDVOSB and HUBZone management consulting company founded in 2018 by seasoned GovCon professionals Kathleen Sober and Will Fortier with a mission to provide innovative and creative management solutions to achieve federal agencies business operations needs. Our consultants specialize in acquisition solutions, strategic and organizational planning and analysis, governance structures, communication strategies, program management processes, financial analysis and data analytics.
For media inquiries, please contact Hive Group Director of Marketing and Communications, Alicia Mundt, at [email protected].
More about Inc. and the Inc. 5000
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.