A Shirlington-based firm is the fastest-growing U.S. company outside of California, according to the recently-released Inc. 5000 list of the fastest-growing private companies in America.
Reliant Asset Management has 9 employees working from its headquarters at 2900 S. Quincy Street — behind Carlyle restaurant — and last year reported $85.1 million in revenue. That’s up from $153,125 in 2010, when it was founded, for a whopping 55,460 percent three-year growth rate.
Also known by the acronym RAM, the company rents modular housing, offices and classrooms to oil companies, hospitals, schools and other entities. Housing for oil field workers in remote parts of Texas, North Dakota and Canada accounts for about two-thirds of its business, according to Barry Roman, who co-founded the company with his brother, Michael.
The only companies growing faster are a healthy snack company and a kid-friendly tech company, both coincidentally located in the same southern California city.
“We’re very excited about it… it’s thrilling to be No. 3,” Barry Roman told ARLnow.com. “Since the first two were in El Segundo, California, we can say we’re the fastest growing company east of El Segundo.”
Roman said the company is currently helping to house nearly 4,000 oil workers, in temporary facilities that include 24-hour kitchens, gyms and entertainment options, plus integrated security and transportation infrastructure.
“It’s a self-enclosed town,” Roman said. “These oil companies are looking for oil in very remote locations and they want their workers to be well taken care of. There’s not much around.”
Roman said the company has been able to manage its stratospheric growth thanks to good planning and strategic outsourcing of functions like catering, transporation and security.
“We recognized it as a very fast-growing market so we went at it hard,” he said. The company currently has about 150 employees — most of whom are outside of Arlington — and plans to continue hiring and growing.
Roman said RAM’s headquarters is likely to remain in Shirlington, which was chosen due to its proximity to the highway, Reagan National Airport, downtown D.C., and the founders’ homes.
“We love it… it’s a great place to be,” Roman said. “It’s a Class A office building at a good rate and it’s very convenient. It’s a good place to attract employees… everyone can find it and it’s easy to get to.”
RAM has not received any sort of plaque from Inc. in recognition of the honor, but Roman said it did receive a copy of the magazine in the mail.
Other Arlington-based companies cracking the top 1,000 of the Inc. 5000 list include:
- American Wireless (No. 232) — “Provides carrier-agnostic contract and prepaid wireless plans and devices”
- Heartland Energy Partners (No. 256) — “Helps clients develop and manage programs and assets in the fields of energy and environment, IT, infrastructure protection, and health care”
- Fonteva (No. 286) — “Provides enterprise resource protocol and development tools on the Salesforce.com platform”
- R3 Government Solutions (No. 530) — “Provides large-scale program management, process improvement, and workforce management services to federal clients”
- Opower (No. 635) — “Combines a cloud-based platform, big data, and behavioral science to help utilities around the world reduce energy consumption”
- Kitewire (No. 901) — “Develops mobile device management software for government and private sector clients”