21. DOUBLE GOOD
Double Good
5-YEAR GROWTH
757.5%
Company description
Virtual fundraising; Burr Ridge; Founded in 1998
2023 revenue
$253.8 million
Local employees
309
Total employees
315
Profitable?
Yes
Chicago's fastest-growing companies
By Sophie Rodgers
As Chicago businesses recover from the economic turmoil of COVID-19, Crain's recognizes 50 local companies that still managed to generate impressive revenue growth since 2016. The businesses in Crain's 2022 Fast 50 saw a median increase in revenue of 592.8% over the past five years, and an average increase of 13,310.5%, driven by enormous growers topping our list. Cannabis, logistics and financial services companies lead the way on our latest ranking—which includes 21 newcomers not featured in last year's edition.
1. COINFLIP
Cryptocurrency hasn't been a very good investment recently, with a spring market meltdown wiping out $300 million in value in a matter of days. But for CoinFlip, bitcoin and other digital currencies have continued to fuel stunning, relentless growth, propelling the Chicago company to the top of the Fast 50 list for the second year in a row.
22. HIGHDIVE
Highdive
5-YEAR GROWTH
746.1%
Company description
Full-service ad agency; Chicago; Founded in 2016
2023 revenue
$31.9 million
Local employees
85
Total employees
101
Profitable?
Yes
Photo credit
5-YEAR GROWTH
509,389.3%
Company description
Tech Cryptocurrency ATM operator; Chicago; Founded in 2014
2023 revenue
$89.2 million
Local employees
178
Total employees
201
Profitable?
Yes
2. TEGUS
Any investor or investment house seeking information about a company has ready sources at hand. You go to the Securities & Exchange Commission to find recent 10-K and -Q filings on profits and losses and you find what every analyst on Wall Street is writing about your subject by going to standard clearinghouses like Bloomberg. But Michael and Thomas Elnick, the twin brothers who co-founded Tegus in 2015, dismiss all that as mere qualitative information too easy to find.
23. RHM STAFFING SOLUTIONS
RHM Staffing Solutions
5-YEAR GROWTH
680.4%
Company description
Staffing services; Oak Brook; Founded in 2015
2023 revenue
$106.3 million
Local employees
150
Total employees
225
Profitable?
Yes
Photo credit
5-YEAR GROWTH
26,336.6%
(Hover over each box to view information)
Company description
2023 revenue
Local employees
Total employees
Profitable?
24. JOSSELYN
Josselyn
5-YEAR GROWTH
573.1%
Company description
Community-based mental health care; Northfield; Founded in 1951
2023 revenue
$23.8 million
Local employees
233
Total employees
233
Profitable?
Yes
25. ARCO/MURRAY NATIONAL CONSTRUCTION
Arco/Murray National Construction
5-YEAR GROWTH
516.7%
Company description
Construction; Downers Grove; Founded in 2006
2023 revenue
$2,770.1 million
Local employees
457
Total employees
741
Profitable?
Yes
26. THE MATHER GROUP
Kristen Oziemkowski, Jennifer des Groseilliers, Ryan Wickert. The Mather Group
5-YEAR GROWTH
492.9%
Company description
Registered investment adviser; Chicago; Founded in 2011
2023 revenue
$59.9 million
Local employees
68
Total employees
160
Profitable?
Yes
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READ MORE: Client-centric focus powers growth and momentum at The Mather Group
27. LOADSMART
Loadsmart
5-YEAR GROWTH
475.8%
Company description
Logistics solutions; Chicago; Founded in 2014
2023 revenue
$152.6 million
Local employees
99
Total employees
205
Profitable?
No
28. ACCEL CONSTRUCTION SERVICES GROUP
Accel Construction Services Group
5-YEAR GROWTH
464.9%
Company description
Construction management; Chicago; Founded in 2008
2023 revenue
$46.7 million
Local employees
23
Total employees
23
Profitable?
Yes
29. INSPIRE11
Inspire11
5-YEAR GROWTH
448.2%
Company description
Full-service consulting firm; Chicago; Founded in 2016
2023 revenue
$58.6 million
Local employees
155
Total employees
219
Profitable?
Yes
30. HYDE PARK HOSPITALITY
Hyde Park Hospitality
5-YEAR GROWTH
427.7%
Airport concessions and food service; Chicago; Founded in 2012
Company description
2023 revenue
$32.4 million
Local employees
450
Total employees
1,100
Profitable?
Yes
31. OSM WORLDWIDE
OSM Worldwide
5-YEAR GROWTH
426.8%
Company description
Parcel shipping carrier; Glendale Heights; Founded in 2003
2023 revenue
$619.5 million
Local employees
83
Total employees
416
Profitable?
Yes
32. LINCOLN SECURITY SERVICES
Lincoln Security Services
5-YEAR GROWTH
423.5%
Security guard services; Chicago; Founded in 2012
Company description
2023 revenue
$20.7 million
Local employees
280
Total employees
295
Profitable?
Yes
33. ALERA GROUP
Alera Group
5-YEAR GROWTH
417.6%
Company description
Insurance brokerage; Deerfield; Founded in 2016
2023 revenue
$1,307.5 million
Local employees
325
Total employees
4,248
Profitable?
Yes
34. CULTIVATE BRANDS
Founder and CEO Casey Clark. Cultivate Brands
5-YEAR GROWTH
403.1%
Company description
Small-business advisory; Oak Brook; Founded in 2013
2023 revenue
$17.2 million
Local employees
14
Total employees
110
Profitable?
Yes
35. INSPIRA FINANCIAL
Inspira Financial
5-YEAR GROWTH
402.3%
Retirement and health care financial services; Oak Brook; Founded in 2000
Company description
2023 revenue
$712.2 million
Local employees
464
Total employees
1,286
Profitable?
Yes
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