Philadelphia Business Journal names Spring Garden Lending one of the fastest growing companies...a Soaring all about it!

Posted on 8/29/2020 by in News

By: Michael Potter
Managing Editor, Philadelphia Business Journal


As s-words go, it's probably not the first that comes to mind for most folks at Philadelphia-area companies these days.

Terms like "struggle" and "survive" are much more likely to escape the lips of business owners grappling with the economic turmoil wrought by Covid-19.

In the midst of business restrictions and closures, it's easy to forget that Greater Philadelphia’s business community was riding high before the pandemic came along.

It's also more difficult to recognize that another "s" – success – still abounds. These victories may be less prominent, somewhat obscured by the current crisis and the daunting recovery work at hand, but they are both impressive and worth celebrating – perhaps now more than ever.

That's why the Philadelphia Business Journal is excited to reveal this year's Soaring 76, our annual list of the fastest-growing companies in the region. As we announce the names of these thriving companies, we hope it reminds us all that Greater Philadelphia will soon soar again.

We're unveiling our 5th annual list in stages. The first 26 private companies were announced Tuesday, and below we take a look at the other 27 private companies that made the cut. Public companies will follow on Thursday.

The companies in each grouping are listed in alphabetical order. The final rankings, including this year's No. 1 fastest-growing company, will be revealed in October. Soaring 76 is compiled from nominations of qualifying private companies, as well as Business Journal analysis of Securities and Exchange Commission filings for all public companies headquartered in the Philadelphia region. The rankings are based off revenue growth over the three-year period from 2017 through 2019.

To qualify, companies must be headquartered within one of the following counties: Berks, Bucks, Chester, Delaware, Lancaster, Lehigh, Montgomery, or Philadelphia in Pennsylvania; Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Mercer, Ocean, or Salem in New Jersey; Kent or New Castle in Delaware. Companies must be independently-owned with no parent company and have sustained revenue growth over the identified three-year period, with at least $750,000 in revenue in 2017 and at least $2 million in revenue in 2019.

The final ranking comes from averaging the percent change in revenue from 2017 to 2018 and the percent change from 2018 to 2019.

And, now, here is the second group of 26 private companies among the 2020 Soaring 76:

  • Ascellahealth LLC - Berwyn
  • Avantor Inc. - Radnor
  • Bemarketing - Blue Bell
  • BioTelemetry Inc. - Malvern
  • Blacktree Healthcare Consulting LLC - King of Prussia
  • Bolt On Technology LLC - Downingtown
  • Carpenter Technology Corp. - Philadelphia
  • Comcast Corp. - Philadelphia
  • Comstar Technologies - West Chester
  • Crown Holdings Inc. - Philadelphia
  • Crumdale Partners LLC - Radnor 
  • D & B Construction - King of Prussia
  • Educere LLC - Fort Washington
  • Eigen X LLC - Radnor 
  • Entercom Communications Corp. - Philadelphia
  • EPAM Systems Inc. - Newtown
  • Essential Properties Realty Trust Inc. - Princeton
  • Evolution Energy Partners - Exton
  • Evolution Financial Group - Media
  • First Bank - Hamilton
  • Five Below Inc. - Philadelphia
  • G-squared Partners LLC -  Fort Washington
  • Globalfit -  Philadelphia
  • Green Lawn Fertilizing / Green Pest Solutions - West Chester
  • Greenphire - King of Prussia PA
  • Hamilton Lane - Bala Cynwyd
  • Health Union - Philadelphia
  • Homestead Smart Health Plans - Philadelphia 
  • Hyperion Bank - Philadelphia
  • Incyte Corp. - Wilmington
  • Ingrain Construction LLC - Lancaster
  • Juno Search Partners - Philadelphia
  • Kinsmen Group - West Chester 
  • KMRD Partners Inc. - Warrington
  • Mavuno LLC - Philadelphia
  • MEG Glass Inc. - Doylestown
  • Mobile Outfitters - Philadelphia
  • Morgan Properties - King of Prussia
  • National Integrity Title Agency - Marlton
  • Neff - Philadelphia
  • Neuronetics Inc. - Malvern
  • OPS Security Group - Philadelphia
  • Penn National Gaming Inc. - Wyomissing
  • Petrelli Previtera LLC - Philadelphia
  • PPB Capital Partners LLC - Conshohocken
  • PPT Consulting - Newtown Square
  • Precis Engineering Inc. - Ambler
  • Quaker Chemical Corp. - Conshohocken
  • Recro Pharma Inc. - Malvern
  • Rittenhouse Realty Advisors - Philadelphia
  • Spherix Global Insights - Exton
  • Spring EQ - Philadelphia
  • Spring Garden Lending - Philadelphia
  • Storti Quality Services LLC - Fort Washington
  • STP Investment Services - West Chester
  • Stratis Iot - Philadelphia
  • Syncscript LLC - Ambler
  • Tabula Rasa HealthCare Inc. - Moorestown
  • Talentflex Solutions LLC - Audubon
  • Tela Bio Inc. - Malvern
  • The Flexpro Group - Plymouth Meeting
  • The Meet Group Inc. - New Hope
  • The O'Connor Group - King of Prussia
  • Tridiuum Inc. - Philadelphia
  • Trinity Packaging Supply LLC - Voorhees Township
  • USA Technologies - Malvern
  • Vault Communications - Plymouth Meeting
  • VBC | Construction - Philadelphia
  • VSA Inc. - Haddonfield
  • WSFS Financial Corp. - Wilmington