HydroJug Takes Home Top Spot on MountainWest Capital Network List of 100 Fastest Growing Companies in Utah

Today MountainWest Capital Network (MWCN) announced HydroJug (Ogden) as the top ranked company in the 2022 Utah 100. Michelle Serna, the company's head of marketing. received the award, (pictured above).

The announcement took place today at a luncheon in the large ballroom at the Grand America Hotel. Governor Spencer Cox provided a brief pre-recorded address. Tiffany Peterson, Founder of The Lighthouse Principles, (pictured below), keynoted the event. Debbie Worthen and Mike Headrick of KSL presented MWCN awards in three categories: Utah100, Top Revenue, and Emerging Elite. Utah 100 is MWCN’s annual list of the fastest-growing companies in the state.

HydroJug is an Ogden-based manufacturer of BPA-free plastic, stainless steel, shatter-resistant, borosilicate glass half-gallon water jugs for the fitness and lifestyle industry. The Ogden-based company was co-founded in 2016 by Hayden Wadsworth and Jake Wadsworth. HydroJug consumers can choose among several colors and optional silicone sleeves. High-end jugs retail for $79.99.

"HydroJug was recognized on the Emerging Elite list last year and skyrocketed to the top of our Utah 100 list today because of its unique approach to helping individuals live healthier lifestyles," Jason Roberts, chair of the MWCN Utah 100 committee. "What we see is companies that make the list often continue to grow at an exciting pace. More than a third of the companies on our 2022 list have been in the top 100 for five or more years."

This year had 38 companies that have made the list five or more years, with 10 of them mainstays on the list for more than a decade. As the digital economy has grown, online influencers' power in the market has bolstered company’s progress with organizations like HydroJug, Zyia Active, Clean Simple Eats, GABB Wireless, Mixhers, and many others capitalizing on influencer marketing to bring in revenue.

Utah 100 honorees are ranked according to a weighted average revenue calculation of percentage and dollar growth over a five-year period through December 2021, while those in the Top Revenue category are ranked based on the highest total dollar growth over the same five-year period.

MWCN also identified 15 companies as its Emerging Elite, which are organizations less than five years old that show the most promise of future growth. Companies are only allowed to be recognized in one category.

The final ranked list of the 2022 MountainWest Capital Network Utah 100:

1. HydroJug
2. Strut
3. LoanPro
4. Clean Simple Eats, LLC
5. SilverOnyx LLC
6. Whistic
7. Motivosity
8. Pit Viper
9. Filevine
10. Bucked Up
11. Aptive Environmental
12. Black Rifle Coffee Company
13. Lendio
14. CB SkyShare
15. Telarus
16. Cidi Labs
17. Legacy RV Center
18. Weave
19. Clarus Corporation
20. Beauty Industry Group 
21. Lucid Software
22. Health Catalyst
23. Security National Financial Corporation
24. Coconu
25. Claravine, Inc.
26. Christensen Arms
27. Redlist
28. Ezarc Inc.
29. Domo, Inc.
30. Blue Raven Solar
31. Executech
32. Conservice
33. AutoSavvy
34. FirstMile
35. USANA Health Sciences
36. Lion Energy LLC
37. Coreform LLC
38. Made By Mary, LLC
39. Alpha Warranty Services
40. Varex Imaging 
41. 1 Source Business Solutions
42. American Eagle Ready Mix Utah, LLC
43. JobNimbus
44. Tech9
45. Comma Copywriters
46. Dental Intelligence
47. Nature's Sunshine Products
48. Goal Zero
49. eAssist Dental Solutions
50. Cotopaxi
51. Design Imaging
52. Freeus, LLC
53. eLuma
54. Inside Real Estate
55. Rocco & Roxie Supply Co.
56. J. Lyne Roberts & Sons
57. Transportation Alliance Bank, Inc.
58. Qnergy
59. ProdataKey
60. Foursight Capital
61. Five Star Franchising
62. Campman
63. Intermountain Nutrition
64. Western Peaks Logistics
65. Buy Box Experts
66. Zonos
67. Big Deal Outlet
68. Strong Connexions
69. Zamp HR
70. Enso Rings
71. Evolved Commerce
72. International Products Group 
73. ELB Learning
74. Olympus Wealth Management
75. FireFly Automatix, Inc.
76. OptConnect
77. Squeeze
78. Disruptive Advertising
79. Little Road Co.
80. Abode Luxury Rentals
81. ObservePoint
82. Innovecture
83. Huge Brands
84. Conductive Group
85. Flex Fleet Rental 
86. Teton Sports
87. Max Connect Digital
88. Denik
89. Capita Financial Network
90. Legacy Tree Genealogists
91. KURU Footwear
92. Strike Visuals
93. Universal Accounting Center
94. Prestman Auto
95. Bike Peddler
96. VLCM
97. Complete Recovery Corporation
98. Lifevantage Corporation
99. Namify, LLC
100. York Howell & Guymon

Top Revenue:

1. Layton Construction
2. Overstock
3. Sportsman's Warehouse
4. Pattern
5. Zions Bancorporation
6. HealthEquity
7. Purple Innovation, Inc.
8. Young Automotive Group
9. Extra Space Storage, Inc.
10. G&A Partners
11. Nu Skin
12. Zyia Active
13. Pluralsight
14. Merit Medical 
15. PCF Insurance Services

Emerging Elite (Listed Alphabetically)

• &Collar
• AZOVA
• Bacon Work Inc.
• Baltic Born (Three Lilies Inc.)
• Brandless    
• Emmersion    
• Gabb Wireless
• HeroDevs
• Kenect
• Kizik
• Lumio
• Mixhers
• OSH Cut
• Pure Healthcare
• Zartico

Photo credit: Kinser Studios