MountainWest Capital Network Recognizes Nectar as Fastest Growing Company on 2025 Utah 100 List

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MountainWest Capital Network

Oct 17, 2025, 16:00 ET

Utah 100 highlights healthcare, AI and construction sector growth as state's business landscape continues to thrive

SALT LAKE CITY, Oct. 17, 2025 /PRNewswire/ -- MountainWest Capital Network (MWCN) recognized Nectar as the top company on the 2025 Utah 100 during its 31st annual awards event. First presented in 1994, the Utah 100 is MWCN's yearly list of the fastest-growing companies in the Beehive State.

"Nectar's success in helping companies transform their workplace cultures through meaningful appreciation and recognition tied to company values has been essential to their incredibly fast growth," said Chris Badger, chair of the MWCN Utah 100 committee. "The 2025 Utah 100 reflects several meaningful trends reshaping Utah's business landscape. While healthcare and healthcare-adjacent companies continue their upward trajectory, we're also seeing a significant rise in AI-focused businesses and a notable increase in construction-related businesses as more companies expand or relocate here from other markets."

The 2025 list also showcases remarkable staying power among Utah's top companies. Twenty-six companies on this year's Utah 100 have been consistently listed for the past five years or more, while four have earned recognition for the past 11 to 15 years. Four companies have been honored 16 or more times, with Zions Bancorporation and Layton Construction achieving recognition for more than 20 years.

The list of Utah 100 honorees was determined using a weighted calculation of percentage and dollar growth over a five year period, through December 2024. In addition, during the awards ceremonies, MWCN announced its annual Top 15 Revenue and Emerging Elite lists.

Companies in the Top 15 Revenue category are ranked based on the highest total dollar growth over the past five years. The Emerging Elite lists organizations less than five years old that show the most promise of future growth. Companies are only recognized in one category.

The 2025 MountainWest Capital Network Utah 100:

  1. Nectar
  2. Pure Healthcare
  3. Just Ingredients
  4. Strider Technologies
  5. ProSubs
  6. Five Star Franchising
  7. Nutriient
  8. Launch Fulfillment
  9. Taxbit
  10. Recursion Pharmaceuticals
  11. Beehive Meals
  12. Gabb
  13. Platform Accounting Group
  14. Action Solar
  15. Zerorez
  16. Allied Medical Waste
  17. Dorai Home
  18. Black Rifle Coffee Company
  19. LVT
  20. Klean Freak
  21. BZI Steel
  22. Bonneville Builders
  23. Innovative Industrial Properties
  24. HydroJug
  25. Techcyte
  26. AutoSavvy
  27. Conservice
  28. Beauty Industry Group
  29. Bridge Investment Group
  30. Devos
  31. JobNimbus
  32. Peak Capital Partners
  33. Weave Communications
  34. HemaSource
  35. Health Catalyst
  36. Frazil
  37. Sensapure
  38. The Cynosure Group
  39. EZARC
  40. Bank of Utah
  41. Design Imaging
  42. Kiln
  43. Domo
  44. TAB Bank
  45. Greenix Pest Control
  46. OptConnect
  47. &Collar
  48. eAssist Dental Solutions
  49. ELB Learning
  50. Pure Manufacturing
  51. Oilo Studio
  52. Cole West
  53. Comma Copywriters
  54. WeLink
  55. SkyShare
  56. Franklin Covey
  57. Becklar
  58. SINTX Technologies
  59. Denik
  60. Prodatakey
  61. Provider Healthcare
  62. Drive Wealth Advisers
  63. Squeeze
  64. Profire Energy
  65. Nano-Yield
  66. Dark Energy
  67. Next Meters Global
  68. Finwise Bancorp
  69. Utah Injury Law Center
  70. Alpha Warranty Services
  71. Nexus IT
  72. Varex Imaging
  73. Nature's Sunshine
  74. Groove Technology Solutions
  75. Turner Imaging System
  76. SynergySuite
  77. JBC Threadworks
  78. Traeger
  79. CUI Group
  80. Dental Buyer Advocates
  81. GMRE
  82. Code Quick
  83. Pack Tax
  84. HK Consulting
  85. Wavetronix
  86. VLCM
  87. Tech Legion
  88. Maddox Construction
  89. San Diablo Artisan Churros
  90. Lender Toolkit
  91. MLD
  92. Clarus Corporation
  93. Mil Agro
  94. KURU Footwear
  95. Diathrive
  96. Western States
  97. Legacy Tree Genealogists
  98. Quality Distribution
  99. PMI
  100. Zonos

2025 Top 15 Revenue:

  1. Ken Garff Automotive
  2. Zions Bancorporation
  3. Extra Space Storage
  4. Layton Construction
  5. Pattern
  6. Trucordia
  7. Young Automotive Group
  8. BHI
  9. Green Dot
  10. HealthEquity
  11. Merit Medical
  12. Westland Construction
  13. Intermountain Electronics
  14. SME Industries
  15. Aptive Pest Control

2025 Emerging Elite (in alphabetical order):

About MountainWest Capital Network
MountainWest Capital Network is Utah's first and largest business networking organization devoted to supporting entrepreneurial success and dedicated to the flow of financial, entrepreneurial and intellectual capital. Learn more at www.mwcn.org.

SOURCE MountainWest Capital Network