Business / Delaware / Startups

Delaware’s 10 fastest-growing private companies of 2023 (according to Inc. 5000)

Don't worry, we weeded out the non-local, inc-only companies.

Carvertise's Riverfront headquarters. (Photo by Holly Quinn)
The Inc. 5000 list of the fastest-growing private companies in the US is a source of pride and frustration when it comes to Delaware.

Pride, because we love to see Delaware companies thriving; frustration because the filtered-by-state list still includes a number of companies that are incorporated in Delaware, but aren’t actually based here. Here’s why that keeps happening.

Because of that, the true list of ranked local companies is different from the Inc. 5000 list. Companies with Delaware addresses that are corporate services mailboxes, as well as companies with LinkedIn pages that state a location that isn’t in the First States and that do not have Delaware employees, are not included.

When developing the list, Inc. considers private, for-profit companies based in the US that show impressive growth rates over three years, 2019 to 2022. These companies must have earned a minimum revenue of $100,000 in 2019 and a maximum revenue of $2 million in 2022.

Here are this year’s fastest-growing companies in Delaware:

#159 Hatching Time

The highest-ranking company in Delaware is Newark-based Hatching Time, a poultry farm equipment company that has grown by 3,274%.

#444 Delaware Limo

Wilmington’s Delaware Limo, a luxury transportation service, has growth 1,308%.

#1,731 Anura Solutions

This small Middletown cybersecurity company, specializing in click fraud, has grown by 322%.

#1,831 Social Contract

Based in CSC Station in Wilmington, Social Contract is a social impact consulting firm that’s seen 306% growth.

#2,714 Carvertise

The Wilmington-based marketing and advertising company that turns cars into moving billboards recently opened its new Riverfront headquarters amid 198% growth.

#3,280 Best Egg

The Wilmington fintech company headquartered in Concord Plaza has grown by 155%.

#3,795 R.S. Widdoes & Son, Inc.

The Wilmington concrete contracting company R.S. Widdoes & Son saw 125% growth.

#4,153 Action Unlimited Resources

Based in New Castle, Action Unlimited Resources is a B2B cleaning supply business that has seen 108% growth.

#4,213 ARS Truck & Fleet Service

ARS Truck & Fleet Service repairs and cleans commercial trucks in its New Castle facility, and has seen growth of 105%.

#4,832 Placers

Placers, the 51-year-old staffing and recruitment agency in Newark, is still seeing growth — 80% between 2019 and 2022.

Companies: Best Egg / Carvertise

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