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August 16, 2022

Athletic Brewing among 40 CT companies on Inc. magazine's top 5,000 list

Contributed Athletic Brewing's facility in Stratford.

Forty Connecticut companies made Inc. magazine's list of the top 5,000 fastest-growing companies in the United States for 2022. 

That includes dozens in the Greater Hartford and New Haven regions.

Stratford-based Athletic Brewing Co., which produces alcohol-free craft beer, ranked 26th in the nation through its 13,071% growth. 

It was the only company in the Nutmeg State to rank in the top 100.

Athletic Brewing was the second fastest-growing food and beverage company in the nation, after sugar-free snack company HighKey in Orlando (5th), which saw 41,585% growth.

Athletic Brewing was not on the list last year. Shelton-based energy company Buddefly was Connecticut’s fastest-growing company in 2021, ranking 10th. It dropped to 641th place this year.

Two other Connecticut companies broke the top 200: Point Pickup, a software company, and SponsorUnited, an advertising and marketing company, both based in Stamford. They saw more than 3,000% growth, according to Inc.

Three Hartford businesses made the list, with IT company Hybrid Pathways coming in 917th with 695% growth. In addition, CompassMSP ranked 1,095th and Choice Merchant Solutions ranked 1,876th.

Three New Haven companies were on the list: advertising and marketing firm Newor Media (1,619th), Jumo Health (1,891st) and software company MNDTRST (3,195th).

Cheshire-based Rebel Interactive Group, which recently opened a new headquarters, ranked 2,019th with 297% growth. In 2021, Rebel ranked 1,842nd. It recorded slightly less growth, at 247%, in 2022.

The list also includes Bloomfield-based health services provider Soma Tech International (283th) and Synergy Fire Systems in Bristol (762nd).

Near the bottom of the list was Monroe-based Church Hill Classics (4,980th) with 81% growth. The consumer products company manufactures diploma and award frames.

The fastest-growing business in the U.S. in 2022 was cryptocurrency company BlockFi in Jersey City, New Jersey, according to Inc. It experienced 245,616% growth.

To be eligible for the list, companies must be U.S.-based, privately held and for-profit (not subsidiaries or divisions) as of Dec. 31, 2021. They must also have recorded minimum revenues of $100,000 in 2018 and $2 million in 2021.

The full list of Connecticut companies can be found here.

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