NEW YORK, March 25, 2020 – Inc. Magazine today ranked Richard Group as the 2nd fastest growing construction company in the Midwest. With a two-year revenue growth of 457%, Richard Group came in #1 in the Illinois construction industry and #39 amongst all 12 of the Midwest states.
The inaugural Inc. 5000 Series: Midwest list was born of the annual Inc. 5000 franchise. This regional list presents a unique look at the most successful companies within the Midwest economy’s most dynamic segment—its independent small businesses.
To veteran founder Jed Richard, the ranking is an honor, but not necessarily a surprise.
“As an Airborne Ranger, I saw first-hand what people can do when they commit to each other and a mission,” he said. “Richard Group was founded knowing that processes and plans don’t deliver exceptional results—exceptional people do. There is simply no substitute for what happens when high-talent, high-performers can’t wait to bring their best to the table.”
Established in 2014, Richard Group LLC (Richard) is a 100% veteran-owned general contracting company based in Chicago, IL. With its start in senior living facilities, Richard has since grown to become a leader in the construction of critical patient care facilities, civil roadway and utility projects, commercial tenant improvement, and adaptive reuse.
The teams at Richard are bound by a brand promise to build complex projects without complications—swiftly, simply, and securely. “When you set the bar for excellence and hold people accountable to their potential, performance goes up, loyalty goes up, and clients can’t wait to start the next project,” says Richard. Throughout its aggressive growth, Richard remains relentlessly committed to its projects, services, and outcomes through its dedication to—and of—its team members, all of whom are driven to exceed every expectation of quality, safety, timeliness, and client satisfaction.
“The companies on this list demonstrate just how much the small-business sector impacts the economies of each Midwest state,” says Inc. editor in chief Scott Omelianuk. “Across every single industry, these businesses have posted revenue and growth rates that are beyond impressive, further proving the tenacity of their founders and CEOs.”
Since 2015, Richard Group has consistently hired over 25% women in a male-dominated industry, placing an emphasis on performance excellence and entrepreneurial spirit. Adds Richard, “Our relentless growth is a testament to our commitment to scaling in smart, simplified, and intentional ways—from our concise employee handbook to our quantifiable company policies. Everything points to what truly drives our business—our depth of experience, our thoughtful approach, and our fantastic relationships with our customers.”
Get the complete results of the Inc. 5000 Series: Midwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria.
