Naples Daily News
Published 6:00 AM EDT Aug 20, 2019
Nearly 20 local companies have landed on the Inc. 5000 list of fastest-growing businesses for 2019.
The one growing the fastest? Chomps in Naples — at a rate of 4,469%.
The company stands at No. 62 on the prestigious list this year.
Founded in 2012, Chomps manufactures and sells beef jerky and other snack-size meat sticks with all-natural ingredients, designed for healthier chomping on-the-go.
The Inc. 5000 list ranks companies based on their percentage of revenue growth. The 2019 list, published by Inc. Magazine, compares 2015 with 2018. To qualify, companies must be U.S.-based, privately held, for profit and independent, with revenue of at least $2 million last year.
The 2019 Inc. 5000 list includes 10 businesses from Cape-Coral Fort Myers and eight from Naples-Marco Island, putting them in the company of such well-known companies as Microsoft, Under Armour, Jamba Juice and Clif Bar.
On average, this year’s group of companies experienced a sixfold growth rate over the three years.
Leading the way
A small company with an office at Bayfront, Chomps reported revenue of $21 million in 2018.
Among the many food and beverage companies on the Inc. 5000 list, the business ranks at No. 3 this year, a feat Peter Maldonado, co-founder and CEO, describes simply as awesome.
As for Florida companies, Chomps ranks at No. 5 this year. The company, which started with one full-time employee a few years ago, now has 13, with plans to add many more.
“We are just growing like a skyrocket,” Maldonado said.
Since last year the company had added another 3,000 stores to its expanding retail footprint — and online business has grown by at least 400%, he said.
This year, Maldonado expects the company’s revenue to reach about $40 million — or nearly double what it brought in last year.
“Our distribution network has gotten significantly larger,” Maldonado said.
Such well-known grocers as Walmart, Trader Joe’s, Safeway and Whole Foods sell the beef jerky and other meat sticks.
The company started out selling its products strictly online and built a network of customers through social media, targeting key groups such as followers of the Keto, Paleo and Whole30 diets, Maldonado said.
“One small niche community to the next, that is really how we built this brand, up until now,” he said.
Maldonado sees the opportunity to grow much bigger through the expansion of shelf space at retail stores across the country, he said.
A former personal trainer, Maldonado founded the business with his friend Rashid Ali, an ecommerce consultant.
“I’m the guy in the truck barreling down the road, the guy with the foot on the gas pedal. He’s the guard rails, keeping us on the highway,” Maldonado said explaining their complementary roles in the business.
More success stories
Chomps isn’t the only Southwest Florida company that’s made a return to the Inc. 5000 list this year.
Naples-based Capital Wealth Advisors, an independent financial advisory firm serving families and entrepreneurs, has been an honoree three years in a row.
The company ranked at No. 1,386 this year, with growth of 299% and revenue of $7.8 million.
“The firm has continued on a growth trajectory. If I look at the last six years, we’ve grown the business by an average of 75% a year,” said Bill Beynon, a co-founder and the company’s president and CEO.
The growth he’s talking about is the tally of assets under management, which is approaching $1.4 billion, he said.
The company has grown its employee count too, which now stands at 48 and includes advisers in other Florida locations, such as Miami, Tampa and Jacksonville — as well as out of state in Omaha and the Carolinas,
This year Capital Wealth has added at least nine employees, Beynon said.
“The expansion with the new people in Florida has been within the last year. Those are employees working in physical offices. They are regional advisers that work for us, in partnership with TD Ameritrade,” Beynon explained.
In case you missed it:Capital Wealth is growing fast and furious
Asked to share the company’s key to success, he credited his employees.
“At the end of the day you have to have great people,” he said. “Everybody works hard and everyone comes to work with a smile on their face. It makes me happy to have such great people.”
It has been 15 years since Beynon and his business partner, Blaine Ferguson, set out to build a company that could help families navigate the “world of their wealth,” he said in posts on Facebook and Linkedin in reaction to the latest Inc. 5000 listing.
“Capital Wealth Advisors has grown to be much more than I ever dreamed,” Beynon said.
My Shower Door/D3 Glass in Fort Myers has returned to the Inc. 5000 this year — for a fourth time — a rare feat.
In a news release, the company stated: “Growth is good, but sustained growth is even better.”
The family business is owned by Bill and Donna Daubmann, along with their sons Keith and Douglas.
“We’re thrilled to be on the Inc. 5000 list and we’re even more excited about what that says about our team’s ability to satisfy our customers. We’ve established a reputation for quality, and we’re out to reinforce it with everything we do,” Bill Daubmann said.
The frameless shower door firm recently built a new 60,000-square-foot headquarters and manufacturing plant off Alico Road in south Fort Myers.
The company has seven showrooms from Naples to Orlando, with more than 100 employees.
With a growth rate of 187%, the company ranked at No. 2,155 this year. Revenue shot up to $16.9 million last year, from $11.4 million in 2016.
Founded in 2003, My Shower Door started with a 2,000-square-foot showroom and assembly plant in Naples. The owners took a big leap when they became glass manufacturers with the founding of D3 Glass in 2013.
The combined company has grown statewide and has gone national with six affiliate stores in Oklahoma, Michigan, Minnesota and Pennsylvania.
Storm Smart, another Fort Myers-based manufacturer, made the Inc. 5000 list for the fifth time this year.
For 2019 the company placed 2,155. It saw growth of 187%, with revenue of nearly $50 million last year.
In a news release, the company, founded more than 20 years ago, attributed its success to the popularity of its Storm Cather Hurricane Wind Abatement Screen.
Storm Smart’s employee count has swelled to more than 200 to meet the growing demand for its products.
Executive Chairman Brian Rist has filled key leadership positions, while investing more in his current employees.
The company recently opened a third location in Southwest Florida and relocated its headquarters to give it room to expand its manufacturing plant.
“We attribute our stability to a phenomenal team of multi-field experts and products that create a year-round lifestyle for property owners,” Rist said in a statement.
Over the decades, he said, he’s learned you “cannot put a price tag on prestige.”
“I’m so grateful for continued recognition and the opportunity to bring our high-quality products and expertise to clients from state to state,” Rist said.
DeAngelis Diamond, a national construction management firm in Naples, made it back on the list this year.
The company landed at No. 3,881. With a growth rate of 85%, it increased revenue to nearly $419 million last year.
“We are thankful for Inc. 5000 recognizing the growth achieved by our high performing team members as they build innovative and complex projects and make a positive impact in people’s lives, doing what they love,” David Diamond, a company co-founder, said in a statement.
The company earned its first spot on the list in 2016 — at No. 2,865.
In case you missed it:DeAngelis Diamond continues to grow
Here are some of the other local honorees that returned to the Inc. 5000 list in 2019:
- Pyure Brands, an independent organic sweetener company based in Naples, made it for a fourth time. It ranked 2,666, with a growth rate of 145%. Revenues increased to $22.3 million last year.
- ExIT Technologies, a Naples-based company offering computer asset management services, specializing in server, laptop and other computer systems, came in at 4,031, with a growth rate of 80%. It reported revenues of $6.5 million last year. It last made the list in 2014.
- Scotlynn USA Division, a logistics and transportation company in Fort Myers. Ranked at 2,033, with a growth rate of 198%. Last year revenue rose to nearly $193 million.
- ArgoTrack, headquartered in Fort Myers, ranked at 2,037, with growth of 174%. The company, which provides GPS services for tracking fleet and equipment, reported revenue of $3.9 million last year. The business ranked at No. 2,437 in 2018 and 1,168 in 2017.
- FieldEdge, a provider of home service management software for contractors, based in Fort Myers,stood at 3,447, with growth of 102%. Revenues rose to $18.2 million last year.
FieldEdge has been recognized on the Inc. 5000 list since 2015. In a press release, the company said the key to its success has been its “ability to scale while driving continuous innovations to its software.”
According to the company, its software has helped contractors streamline business operations, save time and become more profitable for more than 40 years.
In a statement, Connie Certusi, FieldEdge’s president, said the company strives to make a material difference in the lives of its customers to help them “grow beyond their wildest dreams.”
More:Growing local companies land on Inc. 5000 list
New to the list
Local companies that are new to the list this year include Roman Roofing, offering residential and commercial roofing services in and around Cape Coral. The company ranked at No. 152, with a growth rate of 2,482%. Revenue hit $21.8 million last year.
It was the highest ranking company in Lee County.
“We are completely stunned to learn of this amazing news,” stated Lindsey Dopfer, the company’s co-founder and chief financial officer, in a press release. “We get up every morning, just wanting to do the best we can for our employees and the community,” her husband Norm Dopfer, the company’s CEO, stated.
He credited the company’s success to its 100-plus employees, who he said “carry out our vision every day to customers.”
The roofer, founded in early 2015, prides itself on having a team of well-trained professionals using the latest technology.
Here’s a round-up of the other local businesses on the 2019 list, which have either made it for the first time — or haven’t been on it lately.
- Infinite Pool Finishes at No. 1,429, with growth of 289% and revenue of $10.5 million
- Southern Striping Solutions at 2,003, with growth of 201% and revenue of $12.4 million
- AXI International Corp. at 2,482, with growth of 159% and revenue of $9.6 million
- Perfusion.com at 2,568, with growth of 153% and revenue of $25.4 million
- Elite Auctions at 3,522, with growth of 100% and revenue of $3 million
In a statement, Jame Ledbetter, Inc.’s editor-in-chief,” said the companies on this year’s list have “followed so many different paths to success.”
“There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth,” he said. “But what they have in common is persistence and seizing opportunities.”