With Three-Year Revenue Growth of 85 Percent, WholeTrees Structures Ranks Among America’s Fastest-Growing Private Companies
NEW YORK, August 15, 2023 – Today, Inc. announced that Madison, WI-based WholeTrees Structures is ranked 4031 (8 in Madison, and 98 in manufacturing) for the first time on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
With teams positioned coast to coast, WholeTrees serves as the singular hub between well-managed forests, biophilic architectural designs, cutting edge 3D scanning and inventory management tools, and solid structural timber products that is driving fundamental change to the Architecture, Construction and Engineering (ACE) industry. The company ranks 8th in Madison, 35th in Wisconsin and 98th across all manufacturing organizations on the list.
Founded in 2007, WholeTrees Structures has experienced increased growth over the past few years. From 2019 to 2022, revenue grew +85% and employee headcount increased by +42% during a time of economic and social uncertainty as well as ever changing macroeconomic challenges. In August of 2023, the company also expanded its office footprint, doubling its space located on Williamson Street in Madison, WI.
“I am honored to make the Inc. 5000 list on our first attempt and to make the top 100 in manufacturing,” shared WholeTrees Co-Founder & CEO, Amelia Baxter. “This is a larger sign of the growth of carbon smart forests and the use of structural round timber in the built environment. Visionary architects and engineers are seeking environmentally friendly and aesthetically pleasing solutions and we’re thrilled to be a part of this growth.”
WholeTrees recently received $1M in grant funding from the state of Maine to expand markets and create jobs for beautiful, affordable, and durable round timber structural systems through a partnership with industry-leading experts in sustainable forestry. The company was also instrumental in the innovative two-story structural round timber system at the Children’s Museum of Eau Claire with architectural firm Steinberg Hart, sustainable forest managers, Port Blakely and engineers, KPFF Seattle. Their use of technology has made them the leader in structural round timber use in today’s built environment.
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
About WholeTrees Structures: WholeTrees uses the inherent strength of Structural Round Timber (SRT) and millions of years of organic structural engineering to provide beautiful, affordable, sustainable, and durable biophilic structural systems that restore forests. Founded in 2007 on an off-grid forest farm in Southwest Wisconsin, the founding team brought CAD and BIM to the organic shapes of SRT, fabricated ground-breaking, first-of-its-kind structural systems across the country and launched sustainable forestry partnerships to become the National leader and unrivaled expert in engineering unmilled timber for commercial construction. To learn more about WholeTrees structures visit www.wholetrees.com.
Methodology: Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.: Inc. Business Media is the leading multimedia brand for entrepreneurs. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print,digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.