Every year, the Denver Business Journal unveils its prestigious Fast 50 awards, acknowledging the most rapidly growing companies in the metro area. Earning a spot in this exclusive club is no small feat, especially considering the challenging economic landscape, transformative shifts in work methodologies, and the presence of numerous successful enterprises in the region.

To secure a place among the top 50 rankings, finalists underwent a rigorous nomination process. They were required to submit three years of audited revenue, adhering to specific criteria:

Privately Held and Local: Companies must be privately held, locally owned, and for-profit.

Headquartered in Denver-Metro: The company’s headquarters must be in the seven-county Denver-metro region, including Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, or Jefferson counties.

Three-Year Sales History: A prerequisite is a three-year sales history, covering fiscal years 2020, 2021, and 2022, showcasing revenue growth from 2020 to 2022.

Financial Thresholds: The company must maintain an average of at least $1 million in sales over the past three years, with no single year falling below $200,000.

Ranking and Evaluation: Fastidious auditing of financial data was conducted by DBJ’s Fast 50 accounting partner and presenting sponsor, RSM. Companies meeting the stringent criteria were then ranked based on their percentage growth within size categories, ensuring fair competition across diverse industries.

In this year’s Fast 50 awards, Professional Employment Group of Colorado proudly secured the third position in the medium category ($10 million to $21 million in annual revenue). This remarkable achievement reflects the company’s commitment to excellence, strategic vision, and ability to thrive in a dynamic business environment.

The Fast 50 awards not only recognize outstanding growth but also highlight the resilience and innovation of companies navigating challenges. Professional Employment Group of Colorado’s recognition in the Fast 50 is a testament to our core value, hard work. We look forward to witnessing the continued success of all the companies shaping the Denver metro business landscape.

https://www.bizjournals.com/denver/news/2023/10/20/denver-business-journal-2023-fast-50-finalists.html