$618 million
135.8%
$455 million
$1.07 billion
Aaron Rivers, CEO; Andra Rush, chairwoman
Dakkota Integrated Systems LLC
6. Dakkota Integrated Systems LLC
$333.8 million
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273.4%
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$122.1 million
2020 revenue
$455.9 million
2023 revenue
Dale Watchowski, president and CEO
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Redico
7. REDICO
$459.9 million
134.7%
$341.4 million
$801.3 million
Dale Wieczorek, chairman, president and CEO
Motor City Electric Co.
8. MOTOR CITY ELECTRIC Co.
$368 million
154.9%
$237.5 million
$605.5 million
Linzie Venegas, president; Frank Venegas Jr., chairman
The Ideal Group
9. THE IDEAL GROUP
$1.24 billion
90.3%
$1.37 billion
$2.61 billion
Mark J. Yost, president, CEO and director
Champion Homes Inc.
10. Champion Homes Inc.
$231.1 million
271.6%
$85.1 million
$316.1 million
Andrew McCuiston, president; Chris McCuiston, CEO and co-founder
Goldfish Swim School Franchising LLC
11. GOLDFISH SWIM SCHOOL FRANCHISING LLC
$500.7 million
100.2%
$499.5 million
$1 billion
McKeel O. Hagerty, CEO and director
Hagerty Inc.
11. HAGERTY INC.
$1.41 billion
55.2%
$2.55 billion
$3.95 billion
Sachin S. Lawande, president and CEO
American Center for Mobility/Visteon
18. Visteon Corp.
$857 million
79.3%
$1.08 billion
$1.94 billion
Mark Valade, executive chairman; Linda Hubbard, president and CEO
Carhartt Inc.
12. CARHARTT Inc.
$6.99 billion
53.5%
$13.1 billion
$20.1 billion
Kevin P. Clark, chairman, president and CEO
Aptiv PLC
13. APTIV PLC
$221.1 million
161.5%
$137 million
$358.1 million
Randy E. Hosler, president; Charles J. Hosler, executive vice president
Progressive Mechanical Inc.
14. Progressive Mechanical Inc.
$234.9 million
143.9%
$163.1 million
$398 million
Barry Spilman, founder and CEO
RPM
15. RPM
$288.9 million
116.2%
$248.6 million
$537.5 million
Joel Agree, president, CEO and director
Agree Realty Corp.
16. Agree Realty Corp.
$344.6 million
101.9%
$338.3 million
$683 million
Joseph Luther, senior vice president and general manager, Southeast Michigan operations; Mary LeFevre, regional vice president of business development
The Christman Co.
16. The Christman Co.
$113 million
664.7%
$17 million
$130 million
Anthony LaVerde, CEO; Paul Glantz, chairman and founder
Emagine Entertainment Inc.
18. Emagine Entertainment Inc.
Growth from projects for the Detroit-based electrical contractor includes hotels, buildings, new electric vehicles, retooling of automotive plants and new battery manufacturing facilities. Renewable energy projects have also contributed to growth, including wind farms, solar energy and energy storage facilities.
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Brighton-based Dakkota has continued to see growth from opening new facilities, diversifying its portfolio and securing new business to build complex assemblies. In 2022, Dakkota expanded its manufacturing footprint by opening an instrument panel assembly plant in Detroit at the former Kettering High School site. The plant spans approximately 300,000 square feet.
Redico has seen increased revenues through organic growth, new developments and acquisitions. During the period, American House Senior Living, a significant senior housing affiliate in Redico's portfolio, showed an increase in revenue of 50 percent.
Manufacturing footprint expansions and acquisitions have contributed to growth for the manufactured-home building company. In 2022, Skyline Champion Corp. acquired Manis Custom Builders Inc., which operated a manufacturing facility and retail sales center in North Carolina. The acquisition expanded its manufacturing footprint and allowed the company to further streamline its product offerings. The company recent changed its name to Champion Homes Inc.
Revenue growth over all the Ideal companies from 2020-2023 has been driven by post-pandemic spending in the industrial sector, said Matt Hickey, CFO. "We have many clients who have invested in their manufacturing facilities that has resulted in strong results over all our businesses.”
Hagerty's insurance offerings, membership products and programs, and its marketplace for buying and selling collector cars have all contributed to growth.
Goldfish continues to expand across the United States. The company has increased its footprint by building additional schools in new markets and has grown enrollment in its swim and water safety lessons. Between 2020-2023, 64 Goldfish Swim School locations opened across North America. Since opening its first franchised location in 2009, the brand has grown to more than 170 schools in 35 states, with more than 150 in development. Last year, Goldfish taught more than 10 million swim lessons, which continues to grow each year.
New program launches, new business, and a strong demand for its products that are featured on key customer vehicles and platforms have contributed to growth for the Van Buren Township-based automotive electronics supplier.
Carhartt's business and the stylishness of its workwear brand has remained strong over the past several years. From 2020-2023, the company has experienced growth across each of its business units, including wholesale, direct-to-consumer, and Carhartt Company Gear, which offers a range of customizable attire and accessories. The company also strategically expanded its wholesale, retail and distribution networks.
New business awards and strategic acquisitions have contributed to the company's growth. Acquisitions include the 2022 purchase of Alameda, Calif.-based Wind River for $3.5 billion from San Francisco-based private equity investment firm TPG Capital. Wind River provides software that enables the secure development, deployment, operations and servicing of mission-critical intelligent systems.
RPM attributes its growth to many factors, including crafting solutions specific to customers' supply chain hurdles, using technology to scale operations and adapt quickly to market demands, as well as broadening its service offerings and geographic reach. The Royal Oak-based trucking and vehicle shipping company also broadened its client base and increased contract acquisitions. Additionally, the company credits prioritizing substantial investment in artificial intelligence and machine learning technologies as another growth factor.
Progressive Mechanical has secured key projects that include the construction of electric vehicle plants and data centers. The company has also seen significant growth from securing repeat clients.
Agree Realty's growth stems from its three external growth platforms through which it acquires, develops and finances the development of high-quality retail assets for lease. From 2020-2023, the company invested more than $5.7 billion.
New projects have contributed to growth, including a student housing project at the University of Michigan's Central Campus in Ann Arbor. Backlog projects, including the rehabilitation of Michigan Central Station, and the construction of a FedEx facility in Romulus, have also contributed to strong revenues for Christman. The company has also seen growth from securing work in the education, health care, historic preservation, public and commercial sectors.
Much of Emagine’s growth is a bounceback from the worst days of the COVID pandemic, when movie theaters were shuttered. Emagine expanded into three new markets by acquiring five new locations in Indiana, Illinois and Michigan. The expansion involved an investment of more than $40 million. In addition, Emagine introduced new revenue lines, including opening the Caesars Sportsbook Lounge Powered by Emagine, a sports lounge in Royal Oak.
Redico has seen increased revenues through organic growth, new developments and acquisitions. During the period, American House Senior Living, a significant senior housing affiliate in Redico's portfolio, showed an increase in revenue of 50 percent.
Growth from projects for the Detroit-based electrical contractor includes hotels, buildings, new electric vehicles, retooling of automotive plants and new battery manufacturing facilities. Renewable energy projects have also contributed to growth, including wind farms, solar energy and energy storage facilities.
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Much of Emagine’s growth is a bounceback from the worst days of the COVID pandemic, when movie theaters were shuttered. Emagine expanded into three new markets by acquiring five new locations in Indiana, Illinois and Michigan. The expansion involved an investment of more than $40 million. In addition, Emagine introduced new revenue lines, including opening the Caesars Sportsbook Lounge Powered by Emagine, a sports lounge in Royal Oak.
