PROFIT 500 2016: Winnipeg’s Fastest-Growing Companies

More success stories and strategies from Canada’s Fastest-Growing Companies »

Manitoba’s capital is also the centre of a robust provincial economy, with Winnipeg firms prominent on the 2016 PROFIT 500 ranking of Canada’s Fastest-Growing Companies. (The affordability of doing business and a lucrative local market also helped the city take the No. 8 spot on our 2016 ranking of Canada’s Best Places for Business).

The 10 firms from the Winnipeg Capital Region on this year’s ranking grew their revenues an average of 387% between 2010 and 2015, creating an additional 300 full-time equivalent (FTE) jobs over that period. Collectively they employed 802 full-time and 104 part-time employees in 2015.

Here is the complete list of Winnipeg’s Fastest Growing Companies for 2016.

1. EPH Apparel

PROFIT 500: No. 58
Head Office: Winnipeg, Man.
Growth (2010–2015): 1,393%
Revenue (2015): $2–5 million
Employees (2015, full-time equivalent): 26

What it does: Manufactures and sells customized menswear through e-commerce, a retail storefront and a network of “style reps”

2. Polar Industries

PROFIT 500: No. 68
Head Office: Springfield, Man.
Growth (2010–2015): 1,164%
Revenue (2015): $5–10 million
Employees (2015, full-time equivalent): 34

What it does: Transports freight over ice roads to northern communities, mines and fishing lodges

3. FXR Factory Racing

PROFIT 500: No. 201
Head Office: Oak Bluff, Man.
Growth (2010–2015): 282%
Revenue (2015): $50–100 million
Employees (2015, full-time equivalent): 80

What it does: Makes snowmobile apparel, along with casual wear

4. Manitobah Mukluks

PROFIT 500: No. 257
Head Office: Winnipeg, Man.
Growth (2010–2015): 211%
Revenue (2015): $10–20 million
Employees (2015, full-time equivalent): 65

What it does: Manufactures and distributes Aboriginal footwear

5. Bison Fire Protection

PROFIT 500: No. 343
Head Office: Winnipeg, Man.
Growth (2010–2015): 151%
Revenue (2015): $5–10 million
Employees (2015, full-time equivalent): 82

What it does: Sells and services fire protection equipment

6. Value Partners Investments

PROFIT 500: No. 353
Head Office: Winnipeg, Man.
Growth (2010–2015): 144%
Revenue (2015): $20–50 million
Employees (2015, full-time equivalent): 23

What it does: Develops and manages mutual funds for retail investors

7. Tiber River Naturals

PROFIT 500: No. 354
Head Office: Winnipeg, Man.
Growth (2010–2015): 144%
Revenue (2015): $2–5 million
Employees (2015, full-time equivalent): 32

What it does: Manufactures and distributes naturally derived personal-care products

8. People Corporation

PROFIT 500: No. 364
Head Office: Winnipeg, Man.
Growth (2010–2015): 138%
Revenue (2015): $20–50 million
Employees (2015, full-time equivalent): 392

What it does: Provides group benefits administration, HR consulting and recruiting

9. Tank Traders (Vomar Industries)

PROFIT 500: No. 390
Head Office: La Salle, Man.
Growth (2010–2015): 121%
Revenue (2015): $10–20 million
Employees (2015, full-time equivalent): 97

What it does: Operates a propane tank exchange program

10. Clear Concepts

PROFIT 500: No. 398
Head Office: Winnipeg, Man.
Growth (2010–2015): 117%
Revenue (2015): $2–5 million
Employees (2015, full-time equivalent): 23

What it does: Provides IT services to small and mid-sized businesses and organizations