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Wednesday, Feb 28, 2024

Growth Spurt: Valley Companies See Large Growth in Revenue, Employees

A number of Valley-based privately owned companies saw tremendous growth in the past three years. Take Liberty Co. Insurance Brokers. The Woodland Hills-based insurance broker saw a 320% growth in revenue, making it the No. 1 firm on the Business Journal’s List of Fastest Growing Companies (see page 14 for details).

Other companies that experienced high revenue growth in the last three years include Encino-based PaymentCloud, which saw a 201% rise in revenue, putting it at the No. 2 spot on the List.

Rounding out the top five were Burbank-based media technology company Blu Digital Group, which saw a 187% growth in revenue; North Hollywood-based marketing agency Hennessey Digital, which recorded a 139% uptick in revenue; and Valencia-based manufacturer Valencia Pipe Co. Inc., which enjoyed a 122% growth in revenue.

But despite such growth, the period was not devoid of problems. This report looks at some of the difficulties affecting companies, including hiring, dealing with a remote workforce and supply chain shortages. 

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is Interim Editor at the Los Angeles Business Journal and the Inside The Valley. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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