Twin Cities Business has announced that Hydra-Flex Inc., manufacturer of fluid-handling equipment in Eagan, MN, is one of 20 companies to watch in 2017. Coming in at number two on the list due to rapid growth and industry expansion, Hydra-Flex joins other prominent Minnesota companies on the list such as UnitedHealth Group, Polaris Industries, General Mills, and Best Buy.

For this list, Twin Cities Business looked at rapidly growing companies, businesses raising significant new financing, firms launching new products, and notable mergers/transitions.