| Cmi Acquisition, LLC | Manufacturing | $6,452,500 | $6,525,864 | 476 | $124.6M |  Research |
| Kurt Manufacturing Company INC | Manufacturing | $6,332,500 | $6,405,148 | 491 | $120.0M | Research |
| Cuningham Group Architecture, Inc. | Professional, Scientific, and Technical Services | $6,310,500 | $6,384,473 | 326 | $101.1M | Research |
| Winthrop & Weinstine, P.a. | Professional, Scientific, and Technical Services | $6,180,700 | $6,250,635 | 260 | $63.2M | Research |
| Activar, Inc. | Manufacturing | $6,099,700 | $6,169,220 | 482 | $117.8M | Research |
| Srf Consulting Group, Inc. | Professional, Scientific, and Technical Services | $6,086,500 | $6,209,231 | 295 | $36.4M | Research |
| Wilson-Mcshane Corporation | Finance and Insurance | $5,667,000 | $5,760,311 | 392 | $201.4M | Research |
| Bowman & Brooke LLP | Professional, Scientific, and Technical Services | $5,631,400 | $7,709,428 | 410 | $99.6M | Research |
| Breck School | Educational Services | $5,569,355 | $5,634,021 | 353 | N/A | Research |
| Foley & Mansfield, Pllp | Professional, Scientific, and Technical Services | $5,425,600 | $5,471,567 | 397 | $96.5M | Research |
| Goodin Company | Wholesale Trade | $5,389,700 | $5,450,980 | 496 | $151.9M | Research |
| Sfm Mutual Insurance Company | Finance and Insurance | $5,365,700 | $4,914,593 | 239 | $122.8M | Research |
| Schwegman Lundberg & Woessner, P.a. | Professional, Scientific, and Technical Services | $5,363,300 | $5,433,096 | 225 | $54.7M | Research |
| D'amico Holding Company | Accommodation and Food Services | $5,149,800 | $5,217,100 | 500 | $88.8M | Research |
| Doherty Consulting, Inc. | Administrative and Support and Waste Management | $5,123,448 | $5,180,517 | 500 | $78.7M | Research |
| Volunteers of America of Minnesota | Health Care and Social Assistance | $4,899,143 | $4,952,832 | 68 | N/A | Research |
| Productivity, Inc. | Wholesale Trade | $4,888,145 | $4,946,267 | 250 | $76.6M | Research |
| Process Displays LLC | Manufacturing | $4,795,500 | $4,850,812 | 298 | $83.2M | Research |
| Metro Sales, Inc. | Real Estate and Rental and Leasing | $4,551,800 | $4,604,778 | 262 | $118.4M | Research |
| The Minnesota Orchestral Association | Arts, Entertainment, and Recreation | $4,503,852 | $4,656,232 | 423 | N/A | Research |
| New Horizon Foods INC | Accommodation and Food Services | $4,502,300 | $4,105,102 | 500 | $93.3M | Research |
| Juut Holdings, Inc. | Other Services (except Public Administration) | $4,500,000 | $4,554,000 | 423 | $80.8M | Research |
| Lifesprk LLC | Health Care and Social Assistance | $4,458,400 | $4,510,415 | 380 | $65.1M | Research |
| Ceres Environmental Services | Construction | $4,455,000 | $405,111 | 21 | $7.9M | Research |
| Everidge INC | Manufacturing | $4,403,100 | $4,452,198 | 400 | $104.7M | Research |