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This year’s Hot Firms achieved incredible success at a time of great change and uncertainty. The 100 fastest-growing firms
R unning for more than two decades, the distinction of making it on Zweig Group’s Hot Firm List is a great accomplishment for firms that have achieved success and growth in the AEC industry. In an industry comprised of more than 100,000 firms, the 100 fastest- growing firms recognized on the list have achieved success at a time of great change and uncertainty. Placement on the list is based on a firm’s percentage revenue growth and dollar revenue growth over a three-year period compared to the other entrants.
Christina Zweig Niehues
Firms on the 2021 Hot Firm List had an average of just over $186 million in gross revenue for the fiscal year 2020. Average revenue growth over the preceding three-year period was just above $29.7 million and 85 percent. Last year, the average firm grew by $31.5 million and 81 percent – showing firms on this year’s list were slightly stronger in percentage growth, even if the dollar revenue growth was slightly lower. Although firms on the list are not ranked by number of employees, the average number of employees added over the three-year period was 119, representing 75 percent staff growth. The influence of construction management and/or design build was evident on the list – with the top seven firms listing these among their services.
All of the top five firms had previously made the Hot Firm List at some point in time – however, Landry/French Construction had never won a Hot Firm Award before and came in at No. 6 – the only newcomer to make the top 10! Two firms in the top 10 grew through organic growth alone (no mergers/acquisitions). Seventy-six percent of firms on the list grew through M&A activity. It’s clear that regardless of growth method, creating a great place to work is necessary to make it on the list. Sixty-six firms on the list had previously won a Zweig Group Best Firms To Work For Award. Here’s a little more about our top three firms:
See CHRISTINA ZWEIG NIEHUES, page 6
THE ZWEIG LETTER SEPTEMBER 7, 2021, ISSUE 1407
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