A Grand Junction-based insurance firm continues to rank among the fastest-growing private companies in the United States, according to the latest list compiled for a national publication.

Rocky Mountain West Insurance moved up 61 spots to 505th in the Inc. magazine 5000 for 2023.

Inc. ranks the fastest-growing privately held companies in the U.S. by percentage of revenue growth over the previous three years. The 2023 ranking is based on the percentage of revenue growth from 2019 to 2022. Companies had to report a minimum revenue of $100,000 in 2019 and minimum revenue of
$2 million for 2022.

Companies apply for inclusion in the Inc. 5000 and report their revenues.

A retail insurance agency with branch agencies across the country, Rocky Mountain West Insurance reported a 1,161 percent increase in revenue from 2019 to 2022.

A total of 132 Colorado companies made the Inc. 5000 list for 2023 with a median growth of 239 percent. They accounted for more than 15,000 jobs. Of the Colorado companies on the 2023 list, 82 were repeat honorees and 21 newly founded firms.

Nationwide, Inc. 5000 companies reported a median growth of 219 percent with a collective $358 billion in 2022 revenue. The firms accounted for a total of nearly 1.2 million jobs.

Rocky Mountain West Insurance operates offices at 627 Grand Ave. For additional information, visit the website at www.rockyquote.com or call (970) 778-6000.