| Digital River, INC. | Minnetonka, MN | $93M | 573 | 2025 |
| The Walman Optical Company | Minneapolis, MN | $65M | — | 2024 |
| Twin Cities Automotive LLC | Minneapolis, MN | $53M | 887 | 2024 |
| Minnesota Life Insurance Company | St Paul, MN | $45M | 418 | 2024 |
| Salo, LLC | Minneapolis, MN | $42M | — | 2023 |
| Spreckels Sugar Company | Renville, MN | $38M | — | 2023 |
| Donatelle Plastics, INC. | New Brighton, MN | $33M | 453 | 2024 |
| Group Health Plan, INC. | Minneapolis, MN | $32M | 135 | 2024 |
| Northland Securities, INC. | Minneapolis, MN | $31M | — | 2023 |
| H Enterprises International, INC. | Minneapolis, MN | $28M | — | 2023 |
| M.c.c.a. | St. Paul, MN | $26M | 97 | 2023 |
| Atek Companies, INC. | Eden Prairie, MN | $25M | 454 | 2024 |
| Midwest Mechanical Supply, INC. | Golden Valley, MN | $22M | 112 | 2025 |
| Knute Nelson | Alexandria, MN | $19M | 1,203 | 2025 |
| Simonson Properties Company | Saint Cloud, MN | $18M | 324 | 2024 |
| Metropolitan Pediatric Dental Associates | St. Paul, MN | $15M | 73 | 2024 |
| Receivables Control Corporation | Maple Grove, MN | $15M | 60 | 2025 |
| Blue Rock Advisors, LLC. | Wayzata, MN | $15M | 10 | 2024 |
| Group Health Plan, INC. | Minneapolis, MN | $15M | 266 | 2024 |
| Riverwood Bank | Bemidji, MN | $15M | 120 | 2025 |
| Hiway Credit Union | Saint Paul, MN | $15M | 270 | 2024 |
| The Dotson Company, INC. | Mankato, MN | $14M | — | 2023 |
| Kiltie Corporation | Oakdale, MN | $14M | 130 | 2024 |
| Foundry Partners, LLC | Minneapolis, MN | $14M | 20 | 2025 |
| Merchant & Gould P.C. | Minneapolis, MN | $13M | 37 | 2025 |
| Community Reinvestment Fund USA | Minneapolis, MN | $13M | 120 | 2024 |
| First Minnetonka City Bank | Minnetonka, MN | $13M | 28 | 2025 |
| Consulting Radiologists, LTD. | Eden Prairie, MN | $13M | 53 | 2024 |
| Pediatric And Young Adult Medicine, P.A. | St. Paul, MN | $13M | 39 | 2024 |
| Dynamic Sealing Technologies, INC. | Andover, MN | $13M | 108 | 2024 |
| Lamettrys Collision, INC. | Inver Grove Heights, MN | $13M | 390 | 2025 |
| Bell Lumber & Pole Company | New Brighton, MN | $11M | — | 2023 |
| Logic Information Systems | Bloomington, MN | $11M | 112 | 2025 |
| Pioneer Power, INC. | Woodbury, MN | $11M | 36 | 2025 |
| Trex Commercial Products, INC | Brooklyn Park, MN | $10M | — | 2023 |
| Henrys Foods, INC. | Alexandria, MN | $10M | — | 2024 |
| Ideal Credit Union | Woodbury, MN | $10.0M | 72 | 2025 |
| Stone Arch Capital, LLC | Minneapolis, MN | $9.9M | 16 | 2024 |
| The Stable Group LLC | Minneapolis, MN | $9.7M | — | 2023 |
| Beauty Express Salons & Stores, INC. | Golden Valley, MN | $9.4M | — | 2023 |
| Advanced Medical Electronics Corporation | Maple Grove, MN | $9.3M | 4 | 2025 |
| Hiniker Company | Mankato, MN | $9.2M | 132 | 2024 |
| Lend Smart Mortgage, LLC | Shoreview, MN | $9.2M | — | 2023 |
| Adamson Motors INC. | Rochester, MN | $9.1M | — | 2023 |
| Vigilanz Corporation | Minneapolis, MN | $8.9M | 102 | 2024 |
| Dyste Agency, INC. | Minneapolis, MN | $8.6M | 40 | 2025 |
| Heartman Agency, INC. | Rochester, MN | $8.6M | 71 | 2023 |
| Custom Distribution INC | Minneapolis, MN | $8.4M | 16 | 2024 |
| Patterson Thuente, P.A. | Minneapolis, MN | $8.4M | 46 | 2024 |
| Jones-harrison Residence | Minneapolis, MN | $8.3M | 496 | 2024 |
| Nelson Leasing, INC | Willmar, MN | $8.2M | 86 | 2024 |
| Spreckels Sugar Company | Renville, MN | $8.1M | — | 2023 |
| Foussard Montague Associates, INC. | St. Paul, MN | $7.8M | 6 | 2025 |
| Apache Group Of Minnesota INC | Arden Hills, MN | $7.6M | 13 | 2023 |
| Hartungkemp, INC. DBA Ideas That Kick | Minneapolis, MN | $7.5M | 22 | 2025 |
| Delaget, LLC | St Louis Park, MN | $7.4M | 114 | 2025 |
| Fulfillment Distribution Ctr. | St Cloud, MN | $7.3M | 311 | 2024 |
| Power Process Equipment, INC. | Chanhassen, MN | $7.2M | 33 | 2023 |
| Thomas Engineering Company | Brooklyn Park, MN | $7.2M | 53 | 2023 |
| North American Construction Services, INC. | Golden Valley, MN | $7.1M | 35 | 2024 |
| Daily Printing, INC. | Plymouth, MN | $7.1M | 75 | 2025 |
| Traffic Marking Service INC | Maple Lake, MN | $6.8M | — | 2023 |
| Dwc Erisa Consultants, LLC D/b/a Dwc - The 401(K) Experts | St. Paul, MN | $6.7M | 42 | 2024 |
| Koro Industries, INC. | St. Michael, MN | $6.6M | — | 2024 |
| Sweet Financial Partners | Fairmont, MN | $6.6M | 17 | 2024 |
| Rapit Printing, INC. | New Brighton, MN | $6.5M | 38 | 2023 |
| Northern Prairie Polymers, LLC DBA Industrial Molded Rubber Products | Big Lake, MN | $6.4M | 42 | 2025 |
| Superior Brokerage Services, INC. | St. Paul, MN | $6.2M | 214 | 2024 |
| Peterson Milla Hooks, INC. | Minneapolis, MN | $6.1M | 34 | 2024 |
| Sexton Posch Automotive, INC. DBA Brandl Motors | Little Falls, MN | $6.1M | 96 | 2023 |
| Architectural Resources, INC. | Hibbing, MN | $6.1M | 40 | 2023 |
| Jem Technical Marketing CO., INC. | Orono, MN | $6.1M | — | 2023 |
| Mar Vista Investment Partners LLC | Minnetonka, MN | $6.0M | 8 | 2025 |
| Loop Parking CO. | Minneapolis, MN | $5.9M | 44 | 2024 |
| Philmik, INC. DBA Hennepin Lake Liquors | Minneapolis, MN | $5.7M | 11 | 2025 |
| Total Logistics, INC. | Oakdale, MN | $5.7M | — | 2023 |
| Moravian Care Ministries DBA Auburn Homes & Services | Chaska, MN | $5.7M | 580 | 2024 |
| Ravich Meyer Kirkman Mcgrath Nauman & Tansey P.A. | Minneapolis, MN | $5.6M | 9 | 2023 |
| Meuwissen, Flygare, Kadrlik & Associates | Eden Prairie, MN | $5.6M | 41 | 2025 |
| Kennedy Scales, INC. | Coon Rapids, MN | $5.5M | 19 | 2025 |
| General Sheet Metal Company, LLC | Minneapolis, MN | $5.5M | 6 | 2024 |
| Spartan Promotional Group, INC. | Oakdale, MN | $5.5M | 28 | 2024 |
| Hlt, INC. | Maple Grove, MN | $5.4M | 90 | 2023 |
| Klc Financial, INC. | Minnetonka, MN | $5.4M | 27 | 2023 |
| Arnold Orthodontics, P.A. | Lakeville, MN | $5.4M | 8 | 2025 |
| Potach & Mitchell Dental Clinic, P.A. | Austin, MN | $5.3M | 27 | 2024 |
| Recombinetics, INC. | Eagan, MN | $5.3M | 87 | 2025 |
| Envoi, LLC | Minneapolis, MN | $5.3M | 16 | 2024 |
| Kruskopf & Company INC. | Minneapolis, MN | $5.2M | 33 | 2024 |
| Bemidji Welders Supply, INC. | Bemidji, MN | $5.2M | 25 | 2024 |
| Haala Industries, INC. | Sleepy Eye, MN | $5.1M | 52 | 2025 |
| Salon Development Corporation | St. Paul, MN | $5.1M | 4 | 2025 |
| Walnut Street Dental Associates P.L.C. | Winona, MN | $5.0M | 15 | 2025 |
| Blip, LLC | Rogers, MN | $5.0M | 16 | 2025 |
| Tech Sales CO. | Minneapolis, MN | $5.0M | 5 | 2024 |