A Red Deer business has cracked Alberta Venture magazine’s list of 50 fast growing companies.
JR HD Repair is the only Central Alberta business to make the list, coming in at 24th. The heavy duty truck and trailer repair business is just north of 67th Street on 67th Avenue.
According to the list, the company grew in revenue, assets and employees in 2016. It is a newcomer to the list that included AutoCanada, an automobile dealership group with assets valued at $1.5 billion, and Cervus Equipment, multi-province agriculture, industrial and commercial equipment dealer with assets valued at $629 million.
Owned by Jon Richard, JR HD Repair’s revenue grew by 36 per cent in 2016, its assets grew by 10 per cent and its employees grew by 57 per cent.
“It was fantastic that’s for sure,” said Richard. “I think it was playing the market conditions just right. With fair pricing, smarter repairing and saving money I think that prompted the numbers to be as good as they were.”
JR HD Repair specializes in CAT & Cummins Engines, Aftertreatment systems, ECM tuning, electrical troubleshooting, chassis repairs, Commercial Vehicle Inspection Program inspections, A/C system repairs and maintenance programs.
Three Central Alberta companies made the list last year including two from Innisfail: W.A. Grain and Pulse Solutions and Axiom Oilfield Solutions. Red Deer’s CGL Strategic Business & Tax Advisors also made the list that year.
JR HD Repair has operated in Red Deer since 2013.
“The numbers are looking just as solid this year, maybe even a little better,” said Richard. “I think our biggest hinderance is space, we’ve outgrown our shop.”
Alberta venture holds The Fast Growth 50 summit, which is an awards reception and conference, on Feb. 23 in Calgary.