High growth companies in S.C. named for 2019

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SC Biz News has announced the 40 fastest-growing companies in South Carolina for 2019.

Each year, the Roaring Twenties awards recognize the 20 fastest-growing large companies and 20 fastest-growing small companies in the state. Those winners have been invited to a statewide event in Columbia honoring them and counting down to the top company in each category.

The awards ceremony and networking event will be held Sept. 26 at the DoubleTree on Bush River Road. Registration is available online.

Finalists were chosen and ranked according to growth and revenue. Company size was determined by gross revenue — small is $10 million or less; large is more than $10 million. Small companies must have had revenues of at least $500,000 each year for three years.

A formula awarded points based on dollar and percentage increases in revenue generated from S.C. operations from 2017 to 2018. This formula was used to create a level playing field among smaller and larger companies within the categories. Accounting firm Cherry Bekaert analyzed and verified the results.