Company Name: Exactech
Location: Gainesville, FL
Nature of Business: Orthopaedic implant devices
Founded: 1985
Revenue: $102 million
Number of Employees: 261
Average Tenure: 4 years
Exactech has grown a lot since it began in 1985 with initially just a single warehouse bay for production
of orthopaedic implant devices. The company went public in 1997 (our only publicly traded finalist)
and now operates with 241 employees inside its own Gainesville facility, with global sales and huge
revenues. The company continues to respond quickly to customers and remains nimble in the market
even with their rapid growth. Great care is given to preserve this quality of service made in hand with
efforts to preserve their people-first, non-hierarchical culture. When faced with a particularly stiff period
of production constraints, the company committed itself to "no layoffs." Each team came forth with
innovative means of reducing expenses, leadership agreed to forfeit predicted salary increases to provide
funds for rewarding the hard work of employees, and subsequent revenues regained the confidence of
analysts and ensured strong employee profit-shares. There's a sentiment described by all the employees we spoke with here, fundamentally that "every person counts."
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