Marina Holdings Named To Inc. 5000’s Fastest Growing Companies List

Maine-based Marina Holdings LLC, which is comprised of Yarmouth Boat Yard, Moose Landing Marina, and Freedom Boat Club of Maine, was named to Inc. magazine’s annual Inc. 5000 list of the nation’s fastest-growing private companies.

This prestigious ranking represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Not only have the companies on the 2021 Inc. 5000 been competitive within their markets, but this year’s list also proved resilient and flexible given 2020’s unprecedented challenges. Among the 5000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.

“I couldn’t be prouder of our hardworking crew,” stated Steve Arnold, owner of Marina Holdings LLC. “Last year was extremely difficult for a number of reasons,” he explained. “Our team not only stepped up to the plate, they excelled, helping to propel us to record growth. Despite the many challenges we faced, they continued to give it their all every day and this award is proof of their commitment and determination.”

Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000.

Companies on the list are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found here.