Gone are the days when Phoenix's economy centered around the 'Five C's' (copper, cattle, climate, cotton, and citrus). Like many cities beyond the coastal U.S., this desert jewel's economy has certainly diversified since World War II, with software, healthcare, and manufacturing startups showing up in force on this year's Inc. 5000 list. Here are the 10 fastest-growing companies in Phoenix:
10. Adopt Technologies
2018 Inc. 5000 rank No. 2152 Three-year growth 206% 2017 revenue $2.1M
Adopt Technologies prides itself on 24-7 live IT support and provides a host of other services, including cloud storage, infrastructure management, data recovery and cybersecurity. Led by CEO Brett Helgeson, the team has more than doubled since 2014. This is Adopt Technologies' first time on the list.
9. Teleradiology Specialists
2018 Inc. 5000 rank No. 1807 Three-year growth 249% 2017 revenue $18.6M
Led by CEO Teleradiology Specialists was founded in 2004 by Dr. David Cohen. Certified in all 50 states, the team of radiologists provides radiology interpretation services. This is the company's second time on the list.Glamaris Cohen,
8. P.R.O.S. Corporate Housing
2018 Inc. 5000 rank No. 1679 Three-year growth 274% 2017 revenue $4.5 M
This first-time Inc. 5000 honoree provides short-term furnished housing for athletes and traveling corporate employees. CEO Nicolette Donald grew the P.R.O.S. Corporate Housing team to 12 in 2017, up from just 3 in 2014.
7. Lumber One Services
2018 Inc. 5000 rank No. 1611 Three-year growth 289% 2017 revenue $26.3M
This five-time Inc. 5000 Honoree, led by co-founder Nathan Shew, sells lumber of all shapes and sizes, along with standard construction products like truss components and beams. Lumber One Services had just 10 employees in 2017.
6. OH Partners
2018 Inc. 5000 rank No. 2844 Three-year growth 145% 2017 revenue $37.6M
This marketing agency specializes in everything from PR to media buying to design and video production services. Led by CEO Matthew Owens, the team has grown from to 81 employees in 2017, from 39 employees in 2014. This is Oh Partners' sixth time on the Inc. 5000.
5. Culver Equipment
2018 Inc. 5000 rank No. 1099 Three-year growth 449% 2017 revenue $26.6M
Culver Equipment is enjoying its third consecutive year as an Inc. 5000 honoree. The 65-person team, up from 25 in 2014, is led by CEO John Culver. Culver Equipment sells, installs and services warehouse equipment and machinery.
4. Smoking Vapor
2018 Inc. 5000 rank No. 1089 Three-year growth 454% 2017 revenue $6.8M
Smoking Vapor sells e-cigarettes with and without nicotine. The three-time Inc. 5000 honoree is led by Geoff Habicht and Amir Hakak. Under their leadership, Smoking Vapor's 15-employee team doubled in size between 2014 and 2017.
3. Alpha Connect
2018 Inc. 5000 rank No. 1031 Three-year growth 477% 2017 revenue $13.6M
Alpha Connect provides outsourced customer service to domestic and international businesses. Led by CEO Nick Fasci, the company has grown to 383 employees in 2017, from 89 in 20147. This is the company's second year on the list.
2018 Inc. 5000 rank No. 877 Three-year growth 572% 2017 revenue $5.3M
Led by CEO Ibrahim Mesbah, this two-time Inc. 5000 honoree provides a platform for dealers to sell auto parts online. The RevolutionParts team expanded its team to 51 employees between 2017 and 2014.
1. Tailstorm Health
2018 Inc. 5000 rank No. 668 Three-year growth 749% 2017 revenue $24M
Tailstorm Health operates pharmacies that focus on specific ailments including HIV, diabetes, and gastrointestinal diseases. Led by president Jack Briggs, the company, which had just 10-employees in 2017, is a two-time Inc. 5000 honoree.