Hamilton Stern Construction LLC has marked its meteoric climb by claiming the No. 1 position on the 2016 Rochester Chamber Top 100.
The Pittsford firm, founded in 2010 by Justin Hamilton and Christopher Stern, soared to the top of this year’s list of the area’s fastest-growing private companies. It is the firm’s third year on the list; it had placed at No. 81 a year ago.
Hamilton Stern, which employs 33 staffers, is a full-service construction manager and general contracting firm.
One of the main reasons behind its success is pretty basic: they show up.
“It’s amazing. One of the questions we get asked, mostly on the residen-tial side, is, ‘Are you actually going to show up tomorrow?’” Hamilton said.
Driving the firm’s growth has been an increase in larger projects, including renovating two historic buildings in Rochester for the Urban League of Rochester, N.Y. Inc., as well as expansion/renovation projects in Pittsford and Webster for Scott Miller Beauty Salon Inc.
Hamilton Stern is gearing up for projects that include work on DHD Ventures LLC’s mixed-use venture at the Terminal Building at 65 W. Broad St. downtown, as well as the new Clover Lanes, which is to be called Radio Social, in the North Winton Village neighborhood.
The co-owners, civil engineers, met as students at Rochester Institute of Technology.
The 56-page supplement in this issue features an array of information on the companies making this year’s list. The Rochester Chamber Top 100 program of the Greater Rochester Chamber of Commerce and KPMG LLP spotlights the privately held companies that play a major role in the region’s economic growth.
Joining Hamilton Stern Construction in the top five on this year’s list are No. 2 Waste Harmonics LLC, No. 3 Dixon Schwabl Inc., No. 4 iCardiac Technologies Inc. and No. 5 Angels in Your Home LLC.
Dixon Schwabl was the sole firm to repeat in the top five from a year ago, moving up one spot this year.
Since 1988, each annual Top 100 has ranked these companies based on dollar and percentage revenue increases over the last three fiscal years, with a minimum of $1 million in annual sales required.
This year, the companies on the Top 100 list, as a group, logged combined revenue of $14 billion for the region, up 10.8 percent from $12.6 billion collectively for the 2015 list.
This year’s Top 100 contingent employs 27,879 Rochester area workers, down 1 percent from a year ago. The companies employ, at all locations, a total of 100,517 workers.
In local employment, the retail sector ranked No. 1 again with 14,307 area workers, followed by the service sector with 7,154 employees. Wegmans ranked No. 1 among Rochester-area employers with 13,606.
By sector, retail accounted for $8.6 billion—or some 60 percent—of the 2016 Top 100 group’s total revenues. The service sector was next highest, with $1.8 billion in combined revenues. The wholesale/distribution manufacturing sector’s $1.2 billion in combined revenues ranked third.
“Most companies are not adding a lot of people,” said Timothy White, managing partner of KPMG’s Upstate New York Office, which crunches the numbers for the Top 100 list.
“Grow revenue and build behind it,” is the more recent trend, he said.
This year marks the 30th consecutive year of the Rochester-area Top 100 fastest-growing private companies list.
The list shows “a lot of people are working very hard to improve the economy,” said Robert Duffy, Rochester Chamber president and CEO. While pundits tend to focus on the negative when it comes to the economy, this list shows that Rochester is making real progress, he said.
“These companies are growing and producing jobs and increasing revenue,” he added.
Duffy noted the almost 11 percent jump in revenue amongst the Top 100 companies this year.
The 30th annual Rochester Chamber Top 100 gala dinner takes place Thursday, Nov. 3 at the Joseph A. Floreano Rochester Riverside Convention Center. Greater Rochester Chamber of Commerce will honor and celebrate the accomplishments of this year’s Top 100 companies.
For tickets or more information, contact Susan George, director of events and affiliate relations, Greater Rochester Chamber of Commerce, at (585) 256-4612 or [email protected]
For more information, go to www.facebook.com/GreaterRochesterChamber and www.facebook.com/RochesterTop100.
10/28/2016 (c) 2016 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email [email protected]