MountainWest Capital Network (MWCN) has released its ranking of the 2021 Utah 100, a listing of the state’s fastest-growing companies. The unranked list was announced in August. Dynamic Blending, a Vineyard-based contract manufacturing firm that develops products such as cosmetics, dietary supplements and nutraceuticals, landed in the top spot.
“Dynamic Blending is an exciting company with an incredible growth story, going from one of our Emerging Elite last year to the fastest-growing company in the state this year,” said Dave Chase, chairman of the MWCN Utah 100 committee. “As with all of the businesses we are honoring this year, Dynamic Blending is a great example of adapting and thriving in unforeseen circumstances and we look forward to great things to come.”
MWCN ranks the Utah 100 by revenue growth from both a percentage increase and a dollar increase over a five-year period through 2020. At the awards ceremony, MWCN also recognized 15 companies with the highest total dollar revenue growth over the same five-year period and named 15 startups to its Emerging Elite, which identifies younger organizations with less than five years that show the most promise of future growth.
“Utah has led the nation in economic growth for several years, and Salt Lake City has historically been the epicenter with occasional standout companies located elsewhere,” said Chase. “But we are now finding growth from many areas across the state, including Dynamic Blending and nine of our top 10 companies, which are from Utah County or south Salt Lake County. This trend is promising for sustaining our state’s economic powerhouse.”
The top 20 from the Utah 100 list are: 1. Dynamic Blending, 2. Thread Wallets, 3. Awardco, 4. Clean Simple Eats LLC, 5. JOJO’s Chocolate, 6. Gathre, 7. Motivosity, 8. Lion Energy LLC, 9. PCF Insurance Services, 10. Artemis Health, 11. Podium, 12. Aptive Environmental, 13. XPS Ship, 14. Pluralsight Inc., 15. Ezarc Welding Inc., 16. Made-By-Mary LLC, 17. The Page Company LLC, 18. SimpleNexus, 19. Ivanti and 20. Weave.
The full Utah 100 list can be found at MWCN’s website, www.mwcn.org.
Companies honored by MWCN on its Total Revenue listing are (by rank): 1. Layton Construction, 2. Overstock.com, 3. Sportsman’s Warehouse, 4. Purple Innovation Inc., 5. HealthEquity, 6. Malouf Cos., 7. Vivint Smart Home, 8. Zions Bancorporation, 9. Pattern, 10. Nu Skin, 11. Extra Space Storage Inc., 12. Merit Medical, 13. G&A Partners, 14. Walker Edison and 15. Young Automotive Group.
The unranked Emerging Elite list includes Baltic Born, Bold, Divvy, Eddy, Gigi Pip, HydroJug, Inpivota Corp., Kenect, Lumio Inc., NoBid Inc., Pillow Cube Inc., Thirst Drinks, Turner Imaging Systems Inc., Whistic and Zyia Active.
This marks the 27th year that MWCN has named the Utah 100.