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61 COBIZMAG.COM | COLORADOBIZ | NOVEMBER/DECEMBER 2014 // TOP 250 PRIVATE COMPANIES // IPOS CREATE A BUZZ, BUT ANSWERING TO SHAREHOLDERS IS NOT FOR EVERYBODY By Gigi Sukin PRIVATE LESSONS THROUGHOUT COUNTLESS business community conversations, you’ll hear the same call to action: “We need a big success; we need an IPO,” said Pete Khanna, CEO of TrackVia last year on a Rocky Mountain Tech Meetup panel. Often initial public offerings are inter- preted as symptoms of big things brew- ing and validation that the rest of the world is watching. Bold, buzz-worthy IPOs secure a spotlight and generous payday for the companies as well as the communities they’re stationed in. But it goes beyond that moment in time. It’s worth noting that public ownership comes at a cost, and the sparkle of the IPO can fade. Public companies spend great deals of time balancing the needs of long-term shareholders alongside the impulses of fast-money traders, and short sellers on the opposite end of the bet, eager to see the stock drop. Last year, Forbes published an article titled: “70 Billion Reasons For a Public Company to Go Private,” as the formerly popular smartphone brand, BlackBerry, opted to return to its private roots in a last-ditch effort for survival. The piece warned: “If the public makes you rich beyond your wildest dreams when it buys your stock in an IPO, you then have to make sure the public gets a good return for gambling its retirement money on the fortunes of your shares.” Interestingly, the value of “take private” deals skyrocketed from $14 billion in 2012 to roughly $80 billion by August 2013, according to data provider Dealogic. Some of most recognizable business- es operate outside public markets and are able to thrive all the same. “I think the local market is very responsive,” Khanna recently shared when asked how Colorado’s economy supports private versus public organi- zations. “The whole ecosystem under- stands that if you don’t support smaller, newer startup companies, you’ll never be able to create successful private companies and eventually even public companies. And I think the influx of capital and talent are sure signs that we have a vibrant and well-supported eco- system of fast-growing private technol- ogy companies such as TrackVia (No. 204) or ReadyTalk or SendGrid (No. 75).” This year, as evidenced by ColoradoBiz magazine’s Top 250 Private Companies list, leading private companies have experienced impressive growth thanks to a range of factors: innovation, emerging markets, focused leadership and good old-fashioned hard work. Take a look.

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61COBIZMAG.COM | COLORADOBIZ | NOVEMBER/DECEMBER 2014

// TOP 250 PRIVATE COMPANIES //

IPOS CREATE A BUZZ, BUT ANSWERING

TO SHAREHOLDERS IS NOT FOR

EVERYBODYBy Gigi Sukin

PRIVATE LESSONSTHROUGHOUT COUNTLESS business community conversations, you’ll hear the same call to action:

“We need a big success; we need an IPO,” said Pete Khanna, CEO of TrackVia last year on a Rocky Mountain Tech Meetup panel.

Often initial public offerings are inter-preted as symptoms of big things brew-ing and validation that the rest of the world is watching. Bold, buzz-worthy IPOs secure a spotlight and generous payday for the companies as well as the communities they’re stationed in. But it goes beyond that moment in time. It’s worth noting that public ownership comes at a cost, and the sparkle of the IPO can fade. Public companies spend

great deals of time balancing the needs of long-term shareholders alongside the impulses of fast-money traders, and short sellers on the opposite end of the bet, eager to see the stock drop.

Last year, Forbes published an article titled: “70 Billion Reasons For a Public Company to Go Private,” as the formerly popular smartphone brand, BlackBerry, opted to return to its private roots in a last-ditch effort for survival. The piece warned: “If the public makes you rich beyond your wildest dreams when it buys your stock in an IPO, you then have to make sure the public gets a good return for gambling its retirement money on the fortunes of your shares.”

Interestingly, the value of “take private” deals skyrocketed from $14 billion in 2012 to roughly $80 billion by August 2013, according to data provider Dealogic.

Some of most recognizable business-es operate outside public markets and are able to thrive all the same.

“I think the local market is very responsive,” Khanna recently shared when asked how Colorado’s economy supports private versus public organi-zations. “The whole ecosystem under-stands that if you don’t support smaller, newer startup companies, you’ll never be able to create successful private companies and eventually even public companies. And I think the influx of capital and talent are sure signs that we have a vibrant and well-supported eco-system of fast-growing private technol-ogy companies such as TrackVia (No. 204) or ReadyTalk or SendGrid (No. 75).”

This year, as evidenced by ColoradoBiz magazine’s Top 250 Private Companies list, leading private companies have experienced impressive growth thanks to a range of factors: innovation, emerging markets, focused leadership and good old-fashioned hard work.

Take a look. ➤

62 COBIZMAG.COM | COLORADOBIZ | NOVEMBER/DECEMBER 2014

// TOP 250 PRIVATE COMPANIES //

% CHANGE

NO. OF EMPLOYEES

1 1 DCP Midstream LLC $12,038,000 $10,171,000 18% 14 3,300 Natural gas processor2 3 PCL Construction Enterprises Inc. 7,350,889 6,841,496 7% 108 271 Construction3 4 Hensel Phelps 2,240,000 2,089,180 7% 77 2,224 Construction, facility management4 6 Zayo Group 1,049,200 691,400 52% 7 1400 Bandwidth infrastructure services5 Otter Products LLC 926,600 573,900 61% 16 900 Protective solutions for mobile devices6 Accuvant Inc. 577,000 430,000 34% 12 610 Information security services7 7 Sage Hospitality 478,000 438,000 9% 30 6,000 Hotel investment, management and development8 13 Mike Shaw Automotive 413,825 363,011 14% 20 413 Sales and service of automotive vehicles9 10 American Furniture Warehouse Co. 413,000 353,000 17% 39 2287 Retail furniture and accessories10 11 Ralph Schomp Automotive 382,014 351,458 9% 73 510 New and used auto sales, service, parts11 12 Graebel Companies Inc. 363,131 341,856 6% 64 2000 Global mobility services12 9 SquareTwo Financial 338,253 354,277 -5% 20 350 Asset recovery and management13 14 Catamount Constructors Inc. 319,682 265,708 20% 17 230 Contractor14 Agfinity Inc. 286,643 274,785 4% 109 250 Agriculture cooperative15 ISEC Inc. 253,483 211,618 20% 47 1000 Architecture and craftsmanship16 Haselden Construction LLC 244,201 290,000 -16% 41 380 Construction services17 17 W.J. Bradley Mortgage Capital LLC 240,336 223,626 7% 12 1,275 Residential mortgage banking18 GH Phipps Construction Companies 237,723 251,216 -5% 62 290 Construction manager, general contractor19 Global Technology Resources Inc. 234,117 226,597 3% 15 156 Technology solutions integrator20 15 FCI Constructors Inc. 231,631 261,527 -11% 36 265 Commercial and industrial construction manager, general contractor21 Holland & Hart LLP 227,453 242,104 -6% 67 952 Law firm22 19 New Belguim Brewing Co. 190,000 179,500 6% 23 562 Brewery23 Jupiter I LLC 174,000 148,000 18% 22 500 Owner of OfficeScapes, LINX, Floorz and others24 Shaw Construction LLC 169,000 146,000 16% 52 96 Construction25 21 Brownstein Hyatt Farber Schreck LLP 149,655 150,559 -1% 46 535 Law firm26 The Cigarette Store Corp. 146,000 149,000 -2% 30 500 Cigar, cigarette and tobacco retail27 TUFF SHED Inc. 142,400 121,700 17% 33 650 Manufacturer, installer of storage buildings, garages, custom structures28 Oakwood Homes 140,239 97,403 44% 23 388 Homebuilder29 23 The Cain Travel Group Inc. 122,000 104,000 17% 29 65 Travel agency30 Alpine Bank 114,532 113,016 1% 41 593 Bank31 24 IMA Financial Group Inc. 113,903 103,325 10% 40 556 Diversified financial services32 Smashburger 108,965 74,304 47% 7 3,000 Fast casual restaurants33 27 Hercules Industries 92,894 83,522 11% 52 370 Manufacturer and wholesale distributor of HVAC products 34 Encore Electric Inc. 92,300 107,000 -14% 11 550 Electrical construction, maintenance35 25 National Corporate Housing 92,121 87,186 6% 15 158 Corporate travel36 JAB Wireless Inc. 90,300 66,400 36% 8 750 Fixed wireless broadband37 Synergy Service Inc. 87,583 84,858 3% 13 3,500 Flexible work force solutions38 28 Publication Printers Corp. 82,993 80,042 4% 35 N/A Commercial printing39 E Light Electric Services Inc. 77,755 41,418 88% 15 419 Large-scale electrical systems40 29 Vladimir Jones 74,805 77,935 -4% 43 70 Ad, marketing, communications41 30 Alliant National Title Insurance Co. 71,870 67,834 6% 9 42 Title insurance underwriter42 33 Johnson Storage & Moving Co. LLC 70,000 60,000 17% 114 450 Global logistics, moving, storage43 32 Roche Constructors Inc. 66,550 63,372 5% 43 65 General contractor, construction manager44 34 Wanco Inc. 60,222 54,548 10% 30 213 Highway saftey and traffic control products manufacturer45 GeoStabilization International LLC 57,000 38,000 50% 12 175 Geohazard mitigation46 35 Douglas Colony Group Inc. 55,600 54,000 3% 67 420 Commercial roofing, metals, solar and waterproofing contractor47 Eating Recovery Center 52,559 44,120 19% 6 700 Eating disorder treatment48 36 New West Physicians 51,499 51,413 0% 21 330 Physician group49 Hein & Associates 50,706 48,555 4% 37 276 CPA 50 LINX LLP 50,500 35,400 43% 11 262 Cabling51 Swiftpage 50,213 5,500 813% 13 320 Customer relationship management software52 7 Karsh Hagan 50,000 50,000 0% 37 60 Ad, branding, digital52 Wolf Robotics 50,000 50,000 0% 11 130 Robotic welding and cutting systems52 Outlast Technologies LLC 50,000 50,000 0% 24 40 Technology55 Reed Group 48,100 42,100 14% 37 471 Employee absence management56 178 Cardinal Group Management 46,638 30,427 53% 5 148 Real estate investment, development and management57 Calcon Constructors Inc. 46,400 33,000 41% 33 65 Commercial general contractor58 Inspirato LLC 45,832 22,016 108% 4 229 Private club of exclusive luxury vacation homes59 BluSky Restoration Contractors Inc. 44,908 46,716 -4% 10 135 Emegency and catastrophe response contractors60 Boulder Creek Neighborhoods 44,718 29,394 52% 9 50 Homebuilder61 38 First Western Financial Inc. 43,900 46,467 -6% 12 184 Private bank, wealth management

’13 GROSS ’12 GROSS 2014 2013 REVENUES REVENUES RANK RANK COMPANY (OOO’S) (OOO’S) BUSINESS DESCRIPTION

YEARS IN BUSINESS

COBIZMAG.COM | COLORADOBIZ | NOVEMBER/DECEMBER 2014 63

% CHANGE

NO. OF EMPLOYEES

YEARS IN BUSINESS

62 40 Stellar Solutions Inc. $38,493 38,152 1% 19 149 Aerospace engineering services63 R.A. Nelson LLC 36,895 34,402 7% 38 67 Construction 64 44 Workplace Resource 36,746 35,349 4% 29 74 Workplace design65 i2 Construction LLP 36,000 32,000 13% 15 26 Commercial general contractor66 Romantix Inc. 35,300 36,100 -2% 30 400 Specialty retail67 57 Oskar Blues Brewery LLC 35,285 25,112 41% 17 172 Brewery68 42 Source Office & Technology 35,000 36,000 -3% 24 150 Office products dealer69 Hammond’s Candies LLC 33,945 12,000 183% 94 150 Confectioner70 59 Location 3 Media 33,500 24,500 37% 15 70 Digital marketing71 48 Portable Computer Systems Inc. 32,600 33,800 -4% 21 30 Mobile, data, video and voice applications (dba PCS Mobile)72 SparkFun Electronics 30,000 27,000 11% 11 152 Online electronics retail73 Frontiere Natural Meats 29,000 15,000 93% 6 50 Meat production74 74 SendGrid Inc. 28,906 19,900 45% 5 241 Email deliverability75 Statera Inc. 28,813 34,746 -17% 13 171 Technology solutions76 52 Industrial Chemicals Corp. 28,327 29,649 -4% 59 34 Raw material chemical distributor77 50 Good Day Pharmacy 28,000 28,000 0% 29 130 Retail pharmacy chain78 66 PayReel 26,900 19,000 42% 19 13 Multimedia content planning79 Alpine Waste & Recycling 26,200 24,800 6% 15 205 Commercial waste, recycling and compost collection80 Employment Solutions Personnel 26,002 21,112 23% 20 35 Industrial staffing Services Inc. 81 Greiner Electric 26,000 30,000 -13% 17 155 Electrical contractor81 Door to Door Organics 26,000 16,000 63% 17 323 Online grocer83 65 Comprehensive Traffic Systems Inc. 25,145 21,059 19% 14 18 Planning, implementing and controlling transportation84 63 Insurance Technologies 25,013 21,300 17% 19 216 Sales illustrations and e-application business fulfillment85 Weifield Group Contracting 25,000 18,264 37% 12 150 Electrical construction85 Bradsby Group 25,000 20,170 24% 10 101 Recruiting and staffing85 The Booth Co. 25,000 20,000 25% 35 10 Global assets88 Cactus Communications Inc. 24,800 25,300 -2% 24 45 Communications89 97 RTL Networks Inc. 23,914 11,610 106% 12 119 IT Solutions90 Heggem-Lundquist Paint Co. 23,500 26,000 -10% 65 275 Commercial subcontractors91 56 OZ Architecture 23,473 25,750 -9% 50 110 Architecture, interior design, urban planning92 Sympoz, Inc. (dba Craftsy) 23,300 12,100 93% 4 211 Online classes and supplies for creative enthusiasts93 54 Slimgenics Weight Control Centers 23,293 24,965 -7% 11 230 Supervised weight loss programs94 61 Frank Henry Equipment USA LLC 22,154 21,569 3% 6 62 Manufacture, service and test equipment for oil and gas industry95 ECS Team 21,968 18,754 17% 15 125 Professional services96 95 Altitude Digital 21,903 11,417 92% 5 62 Display and video advertising97 92 LEI Companies 20,700 11,600 78% 12 165 Electrical contractor98 RNL 20,435 22,200 -8% 58 103 Sustainable, integrated design99 70 LT Environmental Inc. 20,329 18,616 9% 22.5 125 Environmental compliance, engineering, remediation100 67 Swingle Lawn, Tree & Landscape 20,260 19,695 3% 67 211 Landscape care Care Inc.101 Diversified Machine Systems LLC 19,463 15,097 29% 10 66 Designer and manufacturer of CNC routers102 69 Sanity Solutions Inc. 19,384 18,691 4% 10 22 Developer of customized data management103 Centerline Solutions LLC 19,000 12,000 58% 3 170 Wireless and cellular networks104 Diablo Media 18,695 24,293 -23% 7 21 Global performance and marketing firm105 78 Setpoint Systems Corp. 18,000 16,000 13% 31 150 Systems integrator of building control systems106 60 Mass Service & Supply LLC 17,828 22,649 -21% 17 24 General contractor107 EMS Software by DEA 17,789 15,746 13% 28 80 Facilities scheduing and event management solutions108 62 Playtime LLC 17,597 21,330 -18% 16 51 Playground equipment109 Eventus Solutions Group 17,300 5,700 204% 5 90 Consulting and managed services110 75 Cooper Heating & Cooling Inc. 17,095 16,301 5% 36 106 Residential and light commercial HVAC contractor111 E2 Optics 16,300 5,300 166% 4 90 Enterprise class and data center installations112 78 Dalby, Wendland & Co., PC 16,000 16,000 0% 66 95 Financial asset assessment113 Computer Sites Inc. 15,911 14,950 6% 30 46 Design and build computer room environment and equipment113 Inada USA 15,897 13,219 20% 7 13 U.S. distributor of Ibada brand massage chairs115 Benson, Kerrane, Storz & Nelson PC 15,800 5,600 182% 15 20 Law firm116 All Phase Restoration Inc. 15,715 11,542 36% 11 80 Restoration contractor117 Gallegos Sanitation Inc. 15,000 14,000 7% 55 150 Waste and recycling services118 167 RMC 15,000 12,000 25% 25 36 Destination management and special events119 8z Real Estate 14,236 11,157 28% 4 30 Real estate120 Sprint Denver Inc. 13,500 15,000 -10% 30 100 Printing121 122 Madwire Media 13,407 6,417 109% 5 150 Inbound digital marketing and design122 Solidyn Solutions Inc. 13,100 11,837 11% 10 61 Engineering services122 Elite Brands of Colorado Inc. 13,000 10,300 26% 11 60 Adult beverage distributor124 83 DBAK 12,243 13,679 -10% 10 35 Technology consulting125 84 Wilderness Logistics/Cagney Global 12,200 13,082 -7% 28 80 Supply chain solutions

’13 GROSS ’12 GROSS 2014 2013 REVENUES REVENUES RANK RANK COMPANY (OOO’S) (OOO’S) BUSINESS DESCRIPTION

64 COBIZMAG.COM | COLORADOBIZ | NOVEMBER/DECEMBER 2014

% CHANGE

NO. OF EMPLOYEES

YEARS IN BUSINESS

126 RevGen Partners $12,012 $8,498 41% 6 100 Business and technology consulting 127 Zeppelin Development Inc. 12,000 7,000 71% 38 10 Real estate development128 Larkburger 11,900 8,600 38% 9 235 Fast casual restaurants129 110 NIMBL 11,788 8,066 46% 6 50 SAP technologist130 Art C. Klein Construction Inc. 11,567 16,781 -31% 42 73 General contractor131 96 Syncroness Inc. 11,315 11,425 -1% 16 62 Product development132 103 24/7 Networks Inc. 11,000 10,300 7% 11 16 Cisco Systems partner, technology and services provider133 Jim Black Construction Inc. 9,777 10,134 -4% 33 29 General contractor134 Marrick Medical Finance LLC 9,637 8,008 20% 8 27 Funding and asset manager for hospitals and health care135 97 Innovar Group 9,600 11,100 -14% 14 92 National recruiting firm136 104 Amadeus Consulting Group 9,500 9,348 2% 20 80 Technology solution provider137 Clean Energy Collective 9,453 8,077 17% 5 68 Solar energy138 Vivax Pro Painting 9,388 7,538 25% 11 53 Paint and roof homes139 Destination Services (DSC) 9,250 9,000 3% 28 26 Destination management140 Human Movement Inc. 9,100 2,900 214% 4 92 Active entertainment141 ESC Engineering Inc. 8,934 8,690 3% 36 60 Engineering, planning, control systems and automation142 RMK Electric Inc. 8,886 3,886 129% 17 100 Electrical contractor143 Bison Innovative Products 8,500 6,840 24% N/A 2020 Outdoor space design144 Knowledge Factor Inc. 8,432 9,041 -7% 13 45 Research and software development145 Heartland Acoustics & Interiors Inc. 8,300 6,800 22% 17 60 Interior contractor146 Well Master Corp. 8,274 6,158 34% 30 28 Plunger lift system manufacturer for natural gas wells147 RMVI Services 8,000 6,000 33% 4 50 Vein and vascular health care148 Larson Financial Inc. 7,818 8,554 -9% 8 76 Debt resolution149 Emerald Isle Landscaping 7,555 5,045 50% 37 100 Commercial landscape maintenance150 86 MCAD Technologies Inc. 7,158 5,414 32% 24 45 3D printing and rapid prototyping151 ShipCompliant 7,143 5,437 31% 14 48 Compliance and transaction platforms for beverage industry152 Qualtek Manufacturing Inc. 7,131 6,842 4% 45 85 Design and manufacturing153 34 Degrees 7,100 7,700 -8% 6 9 All-natural crackers154 Environmental Management and 7,047 4,645 52% 8 33 National environmental consulting Planning Solutions Inc.155 Foster Electric Corp. 7,000 7,000 0% 26 55 Electrical contractor156 booj 6,849 5,241 31% 9 89 Web design157 118 MorEvents 6,800 8,400 -19% 19 15 Event management158 Vertiba 6,560 3,960 66% 3 40 Salesforce.com implementation partner159 133 SummitCove.com 6,334 5,283 20% 10 50 Property manager for vacation rentals160 Western Slope Industries Inc. 6,300 6,000 5% 31 70 Manufacturer161 87 Catalyst Solutions LLC 6,183 12,039 -49% 15 75 Health care IT and business operations consulting162 Restoration Logistics Inc. 5,750 3,241 77% 28 45 Restoration logistics163 FORETHOUGHT.net 5,737 2,870 100% 19 27 Internet, phone and cloud service provider164 East-West Health Centers 5,600 5,000 12% 18 50 Integrated primary care medicine165 139 Educational Mesaures LLC 5,500 4,900 12% 12 29 Content management and data collection 166 154 Ad Light Group 5,067 4,200 21% 62 48 Design, fabrication, installation of lighting and signage167 Morsports and Events Inc. 5,027 6,281 -20% 18 10 Planning and production168 Coda Coffee Co. LLC 5,000 4,000 25% 9 40 Coffee roaster169 137 Klein Buendel Inc. 4,975 4,966 0% 12 28 Communication research, multimedia development and design170 COHN Inc. 4,900 3,850 27% 14 34 Marketing171 Stoneside LLC 4,893 1,744 181% 5 50 Home improvement172 SpireMedia Inc. 4,800 4,300 12% 16 35 Digital development firm172 QueensLander Worldwide Tours 4,800 2,300 109% 21 23 Touring and cruising vacations174 130 Throttle Up! (dba SoundTraxx) 4,773 6,077 -21% 24 29 Manufacturing electric sound and control systems175 146 Gutterman Griffiths PC 4,733 4,546 4% 12 33 Law firm176 Platte River Networks 4,700 3,900 21% 12 30 IT consulting, managed services177 Image Audiovisuals Inc. 4,646 4,390 6% 25 35 Audio visual178 148 Accent Electrical Services 4,600 4,700 -2% 11 45 Commercial electrical contractor179 MedKeeper 4,500 3,000 50% 13 28 Web and handheld-based software medical apps179 Logic Integration Inc. 4,500 4,000 13% 10 26 Audio and video system design and install179 147 Protos Pizza Inc. 4,500 4,200 7% 15 170 Pizza182 Bross Group LLC 4,428 3,206 38% 10 35 IT consulting and staffing183 Tax Guard Inc. 4,400 2,700 63% 5 40 Due diligence and risk management reports184 162 Global Communications Group Inc. 4,371 3,567 23% 12 20 Technology and telecommunications consultant185 90octane LLC 4,317 4,471 -3% 13 34 Digital agency186 Powell Restoration Inc. 4,300 3,100 39% 4 40 Construction specializing in seeding and erosion187 139 Prototype Casting Inc. 4,200 4,900 -14% 19 34 Foundry and machine shop187 164 Pinyon Environmental Inc. 4,200 3,214 31% 20 35 Environmental consulting and remediation189 Schur Success Auction & 4,030 2,820 43% 30 20 On-site and online auction Appraisals Inc.

’13 GROSS ’12 GROSS 2014 2013 REVENUES REVENUES RANK RANK COMPANY (OOO’S) (OOO’S) BUSINESS DESCRIPTION

COBIZMAG.COM | COLORADOBIZ | NOVEMBER/DECEMBER 2014 65

% CHANGE

NO. OF EMPLOYEES

YEARS IN BUSINESS

190 remotely by rentbits $4,000 $3,000 33% 8 25 Home automation solution191 Motivity Solutions Inc. 3,986 3,110 28% 7 30 Mortgage intelligence software192 157 GroundFloor Media Inc. 3,944 3,874 2% 13 15 PR, social media strategy, digital services, crisis management193 Razor Technical Staffing Inc. 3,600 2,800 29% 8 160 Technology applications, engineering, telecommunications193 168 ProtoTest LLC 3,600 3,100 16% 16 31 Software testing195 Summers Construction Inc. 3,500 2,700 30% 7 15 Utility installation195 Denver Machine Shop Inc. 3,500 3,000 17% 98 27 Industrial machinery 195 Continental Sausage 3,500 2,800 25% 45 45 Charcuterie (prepared meat products)198 188 Rocky Mountain Sanitation LLC 3,456 3,215 7% 17 22 Waste removal services199 EnergyLogic Inc. 3,452 3,080 12% 8 46 Energy audits and rating services200 180 Rocky Mountain Reagents Inc. 3,435 2,788 23% 63 28 Manufacturer of lab test solutions201 177 Quick Left Inc. 3,400 2,804 21% 4 47 Software development202 184 Greystone Technology Group Inc. 3,388 2,323 46% 13 46 Outsourcing203 189 TrackVia 3,300 2,300 43% 8 42 Application platform204 Wiggy’s Inc. 3,250 3,000 8% 27 35 Sleeping bag manufacturer205 Magic Rabbit Car Wash, Detail 3,200 3,000 7% 9 23 Car wash & Lube Co.206 Strategic Programs Inc. 3,157 2,574 23% 25 50 Human resources consulting207 The Fort Collins Brewery 3,100 3,000 3% 10 75 Brewery208 191 Solve IT Inc. 2,914 2,116 38% 13 30 Managed services provider for technology-based solutions209 181 WhippleWood CPAs 2,900 2,800 4% 33 26 Accounting210 Benefit Services Group 2,818 2,427 16% 7 13 Benefits program development211 EcoVapor Recovery Systems LLC 2,800 1,700 65% 4 10 Emission control212 Breakthrough Products Inc. 2,750 150 1,733% 4 22 Portable, over-the-counter medications (dba UrgentRx)213 Skratch Labs 2,700 1,300 108% 3 15 Nutritional products213 Action Publishing Inc. 2,700 2,900 -7% 13 13 Produces and sells academic planners215 Elevated Third LLC 2,600 1,800 44% 10 30 Digital marketing216 185 Williams Title Guaranty and 2,553 2,335 9% 10 8 Title insurance Escrow Ltd.217 182 Room 214 2,521 2,590 -3% 10 23 Social media, digital marketing218 213 Blue Spruce Design and 2,300 2,100 10% 17 9 General contractor Construction Corp.219 Slice of Lime 2,212 1,677 32% 13 17 User experience design for Web, mobile220 Application Experts LLC 2,200 1,700 29% 8 15 CRM Software220 Icelantic Skis 2,200 1,800 22% 8 10 Ski brand222 190 Canino’s Sausage Co., Inc. 2,168 2,212 -2% 89 14 Manufacturer fresh sausage223 Parallel Path 2,100 2,260 -7% 9 15 Data-driven digital marketing224 DevelopIntelligence 2,047 1,653 24% 11 8 Learning solutions for technology companies225 Mattress Insider LLC 2,012 1,527 32% 6 5 Mattress distributor226 192 JF Options 2,000 1,960 2% 21 5 Jewlery sales, insurance, appraisals and repairs227 Phidiax LLC 1,982 1,469 35% 5 9 Microsoft managed gold partners system integrator228 Peregrine Group 1,941 1,381 41% 9 16 Engineering and design services229 Selling Simplified Group 1,900 800 138% 2.5 31 B2B demand generation solutions229 Insight Analytical Labs Inc. 1,900 1,400 36% 21 15 Autopsies on electronic components229 220 Denver Design Build 1,900 1,200 58% 4 26 Residential and commercial construction and design229 One World Labs Inc. 1,900 1,100 73% 5 22 Security intelligence233 M&E Painting LLC 1,849 1,819 2% 9 9 Home painting234 JustRight Surgical LLC 1,800 N/A N/A 4 13 Designs, develops and manufactures surgical instruments235 ReliAscent LLC 1,750 1,700 3% 1.5 18 Small business government contractors236 199 DreamWise Marketing Solutions 1,720 1,720 0% 17 17 Marketing237 Rocky Mountain West Insurance LLC 1,700 1,300 31% 9 10 Retail insurance238 Lake Arbor Automotive & Truck 1,650 1,570 5% 24 11 Auto repair239 Virsage Solutions Inc. 1,500 1,100 36% 15 14 Cloud-based desktops and servers239 DigeTeks LLC 1,500 1,500 0% 9 18 IT consulting, managed services and hosted solutions239 Braintree Marketing Inc. 1,500 1,200 25% 13 7 Real estate consulting239 212 Corey Electric Engineering Inc. 1,500 1,200 25% 25 9 Electrical construction243 TD Support Services Corp. 1,489 1,125 32% 14 350 International and contract services to U.S. government244 Zenman 1,472 1,261 17% 16 14 Web design and development245 Colorado Plastic Products 1,437 1,486 -3% 45 6 Wholesale distributor and custom plastic fabricator246 220 Cashmere Floors 1,400 1,200 17% 8 12 Flooring and window covering sales and installation247 PeerSource Partners LLC 1,250 300 317% 3 4 Technology recruiting, staffing and consulting248 Atomic20 (Digital Dovetail, LLC) 1,200 750 60% 4 3 Marketing agency249 10 til 2 LLC 1,186 1,599 -26% 11 5 Part-time staffing250 Metzger Albee Public Relations 1,162 1,140 2% 23 12 PR

’13 GROSS ’12 GROSS 2014 2013 REVENUES REVENUES RANK RANK COMPANY (OOO’S) (OOO’S) BUSINESS DESCRIPTION

*Companies in blue are new to the list this year; company in orange experienced largest revenue increase year-over-year.