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No. 716   Bludworth Marine   Houston, TX

Year 2008
Industry Transportation
Founded 1998
Growth 478.9%
2004 Revenue $3.1 million
2007 Revenue $17.9 million
Employees 110
Website www.vesselrepair.com
What it does:
Provides design, new construction, fabrication and repairs to inland and ocean tugs, barges, and ships.
Why it's growing:
They re-invested in people, location, and assets and seriously increased their capacity. Also, shipyard repair is a unique niche.
What's noteworthy:
Once a ship in Houston broke a chain and dropped a steel ingot, which cut like a knife blade through the ship. The hold filled with water, and the company figured out a way to remove the ingot, and then built a repair sub to seal the hole on the bottom.

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