The founders of Prestige Home Improvement knew their company was growing fast, but they didn’t realize how fast until they crunched the numbers to apply for the annual Fastest Growing Companies program.
Once co-founder Louis Lacombe-Denis did the math, he realized the HVAC business had grown its revenues by nearly 1,000 per cent over a three-year period.
“When I rang up the numbers, I realized, as a matter of fact, based on the previous year’s numbers, we were likely to get the top spot,” said Lacombe-Denis.
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Prestige was one of 20 local businesses recognized this year and celebrated at a cocktail reception Wednesday evening at Bayview Yards. Founders were joined by members of their teams to enjoy drinks and appetizers served by My Catering Group (No. 3 on the list), and donuts provided by Maverick Donut Company (No. 7 on the list).
Travis Moriarty, the other co-founder of Prestige Home Improvement, said the company won’t be slowing down anytime soon.
“We’re shooting for 200 per cent growth, minimum, every year for the next few years,” he said. “We plan to continue expanding to different locations across the country and we’ve got some interesting things coming. Mainly, the goal is to be the biggest HVAC company in Canada.”
Lacombe-Denis added, “There’s a massive opportunity and the rate of growth is just how hard you’re willing to work and the resources you collect along the way, right? So the sky’s the limit.”
OBJ asked each of the top 10 Fastest Growing Companies how they grew their company’s revenues so quickly. Here’s what they had to say:
1.Prestige Home Improvement
982.78% revenue growth
1-4 years, 20-49 employees
Prestige Home Improvement specializes in energy-efficient HVAC solutions, simplifying government rebate processes and delivering turnkey services. It prioritizes sustainability, customer satisfaction and innovative solutions for homeowners across Canada.
“We scaled Prestige Home Improvement rapidly by taking a sales-first approach, unlike traditional HVAC companies founded by technicians. With strong sales backgrounds, Travis and I built the company with a larger vision — not just to operate, but to become a major industry player. While driving high-volume sales and strategic expansion, we built a strong foundation on integrity, customer-first service and leadership development. Internally, we focus on growing our people, creating future leaders and fostering a culture of excellence.”
2.TryCycle Data Systems Inc.
799.89% revenue growth
5-9 years, 10-19 employees
TryCycle Data Systems is a digital health innovator, fostering genuine human connections. It empowers health-care providers, communities and at-risk populations with solutions that elevate access to care and health outcomes.
“Our growth stems from the trust we’ve earned with the populations we serve and the investments that allowed us to scale. By addressing the unique challenges of Indigenous communities, veterans and at-risk youth, we’ve developed impactful tech solutions. Strategic investments, like the $1-million FedDev contribution from the Government of Canada, have supported our growth, however, it’s our team’s dedication to making a real impact that has fuelled our success.”
3.My Catering Group Inc.
736.41% revenue growth
10-14 years, 100-249 employees
My Catering Group provides premier catering services across the National Capital Region and operates as an internal caterer for multiple federal museums.
“In 2022, we grew our company’s revenues quickly by securing internal catering contracts with every federal museum in the downtown core, including the Canadian Museum of History, the Canadian War Museum, the National Gallery of Canada, followed by the Canadian Museum of Nature in 2023 — an achievement no other company has accomplished. As a locally owned and operated business, we keep our bottom line within the NCC region, reinvesting in the local economy and supporting many other small businesses. Unlike our multinational incumbents, our approach ensures that our success directly benefits our community, fostering strong regional partnerships and sustainable growth.”
4.Forage Hyperfoods Inc.
694.63% revenue growth
1-4 years, 20-49 employees
Forage Hyperfoods is a mission-driven startup dedicated to expanding access to sustainably grown food, focusing on health-conscious products that promote wellness and environmental responsibility.
“We identified a growing demand for functional and healthy foods with simple and clean labels. We evaluated the entire value chain of the mushroom sector and identified key areas for disruptive innovation. We created a plan and received support from local and international investors to scale up our operations and meet the growing demand across many sales channels, including direct to consumer and national retailers.”
5.Meerkat Marketing
668.86% revenue growth
1-4 years, 5-9 employees
Meerkat Marketing is a boutique marketing agency focused on building local Ottawa brands.
“Our rapid revenue growth comes down to a clear focus on the Ottawa market and a commitment to helping other businesses grow. We believe that the more our clients succeed, the more we succeed — it’s a collaborative approach that has fuelled our expansion.
6.Xradar Canada Inc.
583.81% revenue growth
5-9 years, 5-9 employees
Xradar is a leading provider of concrete scanning, non-destructive testing, structural investigation, void and crack detection, and corrosion mapping across Canada.
“By consistently providing high-quality concrete scanning services, we cultivated strong client relationships that naturally generated a steady stream of referrals and repeat business. Furthermore, our dedication to innovation played a pivotal role in our growth. By continuously investing in research and development, we continue to learn from mistakes and update our concrete scanning methods that are faster, more accurate, and more cost-effective than traditional approaches. Our superior services, backed by a unique guarantee on all work, instilled confidence in our clients and differentiated us from competitors.”
7.Mavericks Donut Company
469.72% revenue growth
5-9 years, 20-49 employees
Maverick’s began operations in 2016 with one small location in the heart of central Ottawa. Spending the first four years perfecting its recipes, and building a name for itself in Ottawa, the company quickly became recognized for being the one true “Maverick” of the local donut world.
“We grew our company’s revenues quickly by focusing on quality, innovation and strong community connections. Our products are freshly made each day, with carefully crafted menus that appeal to a wide range of customers. We continuously refine our offerings to keep our menu exciting and relevant, ensuring repeat business and strong word-of-mouth marketing. Additionally, we developed valuable partnerships with organizations, charities and sports leagues, which helped expand our brand’s reach and drive large-volume sales. These collaborations not only increased revenue but also reinforced our presence as a community-focused business.”
8.MyVeloFit
377.98% revenue growth
1-4 years, 5-9 employees
MyVeloFit uses AI and computer vision to empower cyclists to improve their riding position at home.
“I believe we launched the right product at the right time. While we began developing our main product before COVID, we officially launched in late 2020 during the pandemic. The global cycling boom, driven by lockdowns and a surge in outdoor activity, created an ideal environment for our product. With so many people taking up cycling, MyVeloFit became a valuable tool to help them get started comfortably and efficiently. Since our product was novel to the industry, it also attracted media attention, which helped increase awareness and accelerate adoption.”
9.H2 Analytics Inc.
355.64% revenue growth
5-9 years, 20-49 employees
H2 Analytics empowers mission-driven teams with innovative solutions that enhance organizational readiness, situational awareness and security effectiveness in an evolving threat landscape.
“Our rapid growth has been driven by a combination of factors. We’ve expanded our customer base beyond defence to include public safety and security, brought our flagship software (EASE) to market and begun expanding into international markets. Achieving this has required exceptional commitment and hard work across product, sales and operations to maintain alignment in pursuit of our shared vision. These efforts have paid off and enabled us to secure larger contracts, reach new customer segments and strengthen relationships with existing clients. We are strategically positioning ourselves as a market leader by continuing to innovate and expand our reach. This leadership position not only drives growth but also enhances our value proposition as we scale.”
10.Trellis Corp.
343.75% revenue growth
5-9 years, 20-49 employees
Trellis is an AI-powered SaaS platform that accelerates top-line growth and maximizes profitability for brands on e-commerce marketplaces through advertising automation, dynamic pricing and data-driven insights.
“At Trellis, we prioritize direct selling, relationship-building and closing deals — ensuring that our sales team is at the heart of our growth strategy. But what truly sets us apart is our balanced approach to lead generation. We don’t rely on just one channel; instead, we leverage a mix of outbound outreach, strategic events and inbound interest to keep our pipeline strong and diverse. This multi-channel approach not only fuels growth but also fosters tight collaboration between sales and marketing. Our teams work hand-in-hand to refine messaging, target the right prospects and convert leads into long-term customers. The result? A seamless engine that drives sustainable revenue while delivering real value to our clients.”
Also recognized this year:
- Better Group (326.97%)
- Zodiac Light Waves Inc. (320.00%)
- Proxi.id (311.96%)
- Wipebook (306.97%)
- SilverBirch Power Corp. (265.22%)
- Real Strategy Advisors Ltd. (198.05%)
- KidsCanSwim Canada (184.25%)
- Design Centre Co. (176.76%)
- Celebright Inc. (138.13%)
- Hertford Advisors (119.16%)
The 2025 Fastest Growing Companies is presented by GGFL LLP and supported in part by Nelligan Law.
