E78 Partners earned the rank of No. 385 on the 2021 Inc. 5000, with three-year revenue growth of 1,249 percent
CHICAGO — Inc. magazine recently revealed that Element 78 Partners (E78 Partners), a leading tech-enabled provider of financial and accounting solutions, is No. 385 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Intuit, Zappos, Under Armour, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“It’s an honor to be named No. 385 on the Inc. 5000 list of fastest-growing private companies,” said John Signa, Founder and CEO of E78 Partners. “It’s an even greater honor to be named to the top 10 percent of companies on the list for the third year in a row.”
Formed in 2016, E78 Partners has grown from just two employees and $1.8M in revenue to more than 250 employees and ~$60M in revenue at the close of 2021.The finance, accounting and technology service provider has offices nationwide, including Chicago, Austin, Dallas, Los Angeles, New York, San Francisco and Seattle. The Company has grown both organically and inorganically over this time, with four acquisitions over the last 12-months to complement its services and expand its geographic footprint.
“The COVID-19 pandemic created unprecedented challenges to and opportunities for our business,” said Signa. “Despite the challenges the last year has brought, we were able to provide vital services to our customers and grow in the process. We couldn’t have done it without an outstanding team that is customer obsessed and truly understands the needs of private equity firms and their portfolio companies because many of us came from private equity.”
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, 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.
“Our growth goal is to have 700 employees with revenues in excess of $200M in five years,” said Signa. “We believe we’re in the early stages of our lifecycle and have much more growth ahead, which is evidenced by our strong customer retention rate and expansion of services with more than 300 institutionally-backed companies across the United States.”
More about Inc. and the Inc. 5000
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. As always, Inc. reserves the right to decline applicants for subjective reasons. 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 Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
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About E78 Partners
E78 Partners delivers tailored finance, accounting and technology solutions that reduce risk and accelerate value creation for private equity firms, portfolio companies and private corporations.
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