June 26, 2025

Colorado Companies to Watch Crowns 2025 Winners, Including Seven from Pikes Peak Region

By: Darci Miller 

(Colorado Springs, CO) – Colorado Companies to Watch (CCTW) held its 17th annual awards gala on Friday, June 20, honoring Colorado’s top second-stage companies at the Wings Over the Rockies Air & Space Museum. 

The evening included the presentation of the 2025 Hall of Fame Award, recognizing a company for exhibiting the highest level of achievement and leadership and continuing to make extraordinary contributions within their industry. Bluestaq, located in Colorado Springs, took home the honor having emerged as a leader in enterprise data management, scaling rapidly while staying true to their core beliefs and team-first culture. 

(L-R) Colorado Companies to Watch Program Manager Jon-Michael Horst and Legacy Board Chair Melodie Reagan with Bluestaq CEO Seth Harvey.

Six other companies from the Pikes Peak region were among the 2025 winners: 

  • Active Release Techniques 
  • Acuity Innovations LLC 
  • InnovaFlex Foundry 
  • Kilroy’s Workshop, Inc. 
  • Lokiten Behavioral Health 
  • Palski & Associates, Inc. 

Additionally, eight other companies from the region were finalists: 

  • Blackhat Distillery 
  • City Glass Company 
  • MDM Pumps 
  • Mountain Air Marketing 
  • Picnic Basket Catering Collective 
  • Pikes Peak Veterinary Clinic 
  • SHEATH 
  • SunWater Spa 

Launched in 2009 by the Colorado Office of Economic Development and International Trade (OEDIT), CCTW certifies and celebrates the accomplishments and contributions of second-stage companies across every industry sector and region of the state.  

The 750+ winning companies over the last 16 years have totaled more than $6 billion in revenue and tens of thousands of jobs in Colorado. 

Award-winners must be privately held commercial businesses headquartered in Colorado, in the high-growth phase, have 6-150 full-time employees, and have between $750,000-$1 million in annual revenue.