While the recession has certainly taken its toll on the Top Private 100 list, there are also companies that continue to grow Between 2007 and 2008, 44 percent of the Private 100 companies saw revenues decline. The good news is, when looking at growth during the past three years, 67 percent of the Private 100 saw revenues increase.
Despite a national decline in spending, an impressive 23 percent of the Private 100 reported expanding in 2009 and project adding a total of more than 700 jobs by year's end.
Each year, Business NH Magazine invites thousands of companies to participate in our annual survey, which this year ranks businesses by gross revenue for 2008. We profile the five fastest growing companies on the Private 100 list (see page 50), as well as 10 Companies to Watch, which are companies without enough revenues to make the list, but ones experiencing high growth rates. (See page 54).
This year, 13 companies are making their debut, including two from past lists of Companies to Watch: New England Wood Pellet in Jaffrey and Roedel Companies, LLC in Wilton, while two more reclaimed their positions in the Private 100 after an absence. So who's doing well? Of the 20 fastest growing companies on the list, eight are in high tech or manufacturing, four are in construction, three are related to hospitality or entertainment, three are business service providers, one is an equipment financing firm and the fastest growing is a chain of fitness clubs.
Then there are those whose fortunes are faltering. Of the 31 companies reporting a three-year average decline in sales, 12 are retailers, including nine car dealerships; seven are construction companies; four are manufacturers; six offer business services, including an insurance firm and two staffing firms; and two are in the hospitality industry.
Who are the Private 100? Here's a quick statistical look at the Class of 2009:
* 45 percent are family-owned businesses.
* 7 percent have been in business for 10 years or less.
* 32 percent have been in business for 25 years or less.
* 8 percent have been serving customers for more than 100 years.
* Monadnock Paper Mills continues to be the oldest company on the list, celebrating its 190th anniversary. Vette Corp. in Portsmouth is the youngest, celebrating its fifth anniversary. Other companies celebrating milestones this year are Core Medical Group in Salem and Martini Northern in Portsmouth (10th anniversaries); Mosaic Technology Corporation in Salem (15th anniversary); Seacoast Harley-Davidson in North Hampton (20th anniversary); CCA Global in Manchester and Great NH Restaurants (T Bones and Cactus Jack's) in Bedford (25th anniversaries); Cirtronics
Corporation in Milford and Geokon Inc. in Lebanon (30th anniversaries); McDevitt Trucks Inc. in Manchester (35th anniversary); Bournival Group in Portsmouth (40th anniversary); Baybutt Construction Corporation in Keene (45th anniversary); and FCI-Burndy in Manchester, Grappone Automobile Group in Bow and The Sadler Insurance Agency in Nashua (85th anniversaries).
* 19 percent have 50 or fewer employees while 7 percent have 500 or more employees. The largest, C&S Wholesale Grocers in Keene, has 13,500 employees, with 750 in NH.
* 27 percent are manufacturers, 23 percent are in retail or wholesale, 17 percent are in construction or related fields, 9 percent are in hospitality-related fields, 7 percent provide business services, 6 percent are in high-tech (excluding manufacturing), 5 percent are insurance companies, 3 percent are staffing firms and 1 percent each are in energy, fitness and agriculture.
* The bulk of the Private 100 companies are located in the Merrimack Valley (55 percent), with 19 percent in the Seacoast, 8 percent in the Upper Valley, 7 percent in the Monadnock Region, 6 percent in the Lakes Region and 5 percent in the North Country.
If your company belongs on this list, please contact Editor Matt Mowry at 603-626-6354 ext. 214 or e-mail mmowry@businessNHmagazine.com.
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