Every year, the fastest growing businesses in Canada are recognized and listed basing on the accumulation of profits and growth of revenue with a period of 5 years. PROFIT 500 program recognizes their achievements and high contribution to Canada’s economy. Below are the highlights of top 5 fastest growing companies in Canada as by the end of 2015.
Western Manufacturing
Western Manufacturing Ltd was founded in 2008 and is headquartered in Hythe, Alberta. It specializes in the manufacturing of steel tanks and structural oilfield equipment. It focuses on steel fabrication, frac tanks, pressure vessels, gas storage bullets, piping and process equipment. It also offers complete services that include drafting, engineering and design, fabrication and commercial building project management. Western had five-year revenue growth of 25,719% by 2015 ranked at the top. It has grown its employees to 120 and posted revenue of $CAD 50–99.9 million. The company has been boosted by its effective and efficient operation, stringent quality control program and continuous innovation of new products.
RMS Builders
RMS Builders is a construction company founded in 2002 is has it is based in Edmonton. It is a customized real estate company focusing on multi-family apartments, industrial developments, hotels; build to suit, sale/lease. It posted financial growth of 15,126% with a revenue range of $CAD 20–49.9 million. By the year 2014, it had reached 25 employees.
Kelso Technologies
Kelso Ltd is a manufacturing company that was started in 1987 as a mining equipment company in North America. Over time, its focus later shifted to railway equipment Supply Company. They are specialized in the designing, engineering, and selling of patented products. It designs innovative technologies that reduce the risks while improving reliable transport of hazardous products. With its headquarter in Delta, B.C, Kelso’s financial achievement was 13,057% between 2009-2014 with 56 employees. Its export sales had reached 95% with total revenue of $USD 20–49.9 million.
AMP Solar
AMP Solar group was founded in 2009 and based in Port Credit, Ontario specializing in providing renewable energy power. AMP is a vibrant, innovative solar energy provider with deep expertise and a proven track record of over 420MW of solar assets. Between 2009 and 2014, it posted a revenue growth of 10,763% with the export sales reaching 35%. With a total employee of 33, it had revenue of $CAD 20–49.9 million.
Hemisphere Energy
Hemisphere Energy Corporation was founded in 2009 with the headquarters Vancouver Canada dealing with oil and gas by focusing on increasing oil production and reserves. The Corporation focuses on developing core areas that enhance the provision of low to medium risk drilling opportunities to ensure increased production, reserves, and cash flow. The 2009-2014 report indicated a financial growth of 8,218% with a revenue range of $CAD 10–19.9 million with only 13 employees.