Richard Group Ranked as #1 Fastest-Growing Private Construction Company in Illinois

RICHARD GROUP Ranks No. 523 on the overall 2020 Inc. 5000 list with Three-Year Revenue Growth of 888.96 Percent

NEW YORK, August 12, 2020Inc. magazine today ranked Richard Group as one of the nation’s fastest-growing private companies on its prestigious Inc. 5000 list. The list represents a unique look into the U.S. economy’s most dynamic segment—its independent small businesses. Richard Group joins the ranks of Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known companies that gained their first national exposure as honorees on the Inc. 5000.

Notably, Inc. also ranks Richard Group’s growth rate as first among Illinois private construction companies, as well as 16th among all construction companies throughout the entire United States.

Founded by a former Army captain whose family has been in the construction business for three generations, Richard Group is a premier general contractor serving public and private sector companies throughout the Midwestern United States.

“We’ve grown the company aggressively over the last few years and created something special along the way—because what we build is bigger than buildings,” said Founder and President Jed Richard. “It’s not enough for us to build safe, sound, and exceptional structures. Whether it’s a government building or a patient care facility, the heart of what we do every day is what happens after the ribbons are cut. These are the buildings where people work, heal, live, thrive. That’s what fuels our incredibly talented team—and our rapid growth.”

Richard Group began construction operations in 2015. In just a few years, the firm has built up an impressive roster of projects (56 and counting) including mission-critical, data center, senior living, emergency patient care, government building, and civil roadway projects. Richard Group’s total project value is $418 million. In 2018, Richard launched a self-performance division with a concentration on critical path management. One year later, the U.S. Federal Government awarded Richard over $350 million in multiple-award task order projects.

“The companies on this year’s Inc. 5000 come from nearly every realm of business,” adds Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at The top 500 companies are also being featured in the September issue of Inc.

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