It was announced on October 13, 2016 that the Minneapolis/St. Paul Business Journal honored Hydra-Flex, Inc. as number 25 on its Fast 50, a list of the regions fastest growing private companies. Hydra-Flex appeared on last year’s Fast 50 list, and was awarded a spot again due to revenue growth of 86.4% from 2013 to 2015.
One of only two manufacturers on the list, Hydra-Flex CEO, Jaime Harris, attributes much of their success to the company motto of “what gets measured improves.” Hydra-Flex prides themselves on remaining a data driven culture, and using real, measurable results to drive innovation.
“A critical component to Hydra-Flex’s growth has been using data-driven criteria to continuously evolve our products, processes, and capabilities,” says Harris. “We have concrete insights into what we do best, and what we can do better to remain ahead of the competition.”
Kim Johnson, the MSPBJ Fast 50 Project Editor, commented on the importance of these fast growing companies in Minnesota. “These companies aren’t just growing their bottom lines,” says Johnson, “they are creating jobs at extraordinary rates. They are providing growth opportunities for the businesses that serve them. They are boosting Minnesota’s economy.”
See the full Fast 50 list and photos from the event at MSPBJ 2016 Fast 50 List
About Hydra-Flex, Inc.
Hydra-Flex, Inc. was founded in 2002 with a principle focus on “finding a better way” to manufacture innovative fluid handling products for the vehicle wash industry including chemical dispensing systems and high-pressure nozzles. Building on the expertise, Hydra-Flex products are now used in multiple industries including hydro excavation, industrial cleaning, and sanitation. In addition to making the 2016 Fast 50 list, Hydra-Flex earned spots on the 2014-2016 on the Inc. 5000 lists, the 2015 MSPBJ Fast 50 list, and was awarded Best In Class in the Minnesota Business Magazine’s 2016 Minnesota Manufacturing Awards.