Largest Private Family Owned Companies in the Us
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Getty ImagesCargill is back on elevation of Forbes' almanac ranking of America's largest private companies. The agribusiness firm dropped down to No. 2 last year, only the third time Cargill missed the elevation spot since Forbes began tracking the country's private companies in 1985. The Minnesota-based house's revenues grew 17% in the year through May 2021 to $134.4 billion, the company reported, boosted by higher prices for agricultural goods. Koch Industries slides into No. two this yr with estimated revenues of $115 billion for the year through December 2020. The family-owned company has a diversity of businesses including chemicals, refining, paper products and software. It'south been run by its billionaire chairman and CEO Charles Koch since 1967.
Other familiar names at the top of the list include candy maker Mars at No. 4, Boston-based investment giant Fidelity at No. 10 and media company Cox Communications at No. 14.
Inclusion on the listing is based on revenues from the well-nigh recent financial year. For 80% of the companies, that means revenues for agenda 2020. Others have financial years that ended as recently every bit October 2021.
Click hither to meet the full list of America's Largest Private Companies.
Medical supply outfit Medline fabricated a splash earlier this twelvemonth when it announced information technology was selling a majority stake to a group of private disinterestedness firms in one of the largest always leveraged buyouts. The deal, reportedly $34 billion, closed in October. Medline remains a private company and is ranked No.16 with revenues of $17.5 billion.
Food retailers fared well with 16 of 19 supermarket firms on the list posting revenue gains since last twelvemonth's listing, due in large part to increased consumer need amongst the pandemic. Revenue growth put 2 supermarket chains back on the listing: Texas-based Brookshire Brothers at No. 162 and Arizona-based Bashas' at No. 208. Revenues at Florida'south Publix Supermarkets (No. iii) rose 18% in 2020, helped by the visitor's growing footprint. The supermarket giant opened 39 new stores final yr. In September Publix announced that it will expand to Kentucky in late 2023.
Southeastern Grocers, No. 38, has been flirting with a public offering for years only cancelled plans for an IPO before this month. Plans for an IPO in 2014 were also cancelled. Southeastern owns the Winn-Dixie, Harveys Supermarkets and Fresco Y Más banners and has estimated revenues of $9.6 billion.
There'due south always some movement both on and off the list. This year 19 companies didn't qualify for inclusion considering of falling revenues, an acquisition, or a public offering. X firms vicious off because declining revenues put them below the below $2 billion list threshold. Furniture maker Haworth was affected past the downturn in the role article of furniture marketplace and revenues fell by xix% to $one.8 billion in 2020. Revenues at hospitality company Delaware N fell by 61% to $1.45 billion due to cancellations of sporting events and a slowdown in business at airports—two areas where it operates.
The most high-profile leave was Airbnb. The home rental company went public via an IPO worth $47 billion in December 2020 after spending just two years on the list. Joining Airbnb equally public companies are Petco Animal Supplies, Vizio and Jo-Ann Stores. Vizio filed to go public back in 2015 only withdrew the following year when it agreed to be sold to a Chinese company. That deal ultimately fell through and Vizio remained private until March of this year. Founder William Wang remains CEO.
Two companies no longer appear due to acquisitions. Warehouse grocery concatenation Smart & Concluding was caused in May 2021 by Bodega Latina, a subsidiary of Mexico's Grupo Comercial Chedraui. The Nature'due south Bounty, a New York-based vitamin maker, was sold to Nestlé in August 2021 for $v.75 billion.
Bookkeeping firms Deloitte, PricewaterhouseCoopers and Ernst & Immature were taken off the list considering all iii accept global headquarters overseas.
A total of twenty-five companies entered the ranks this year as either a newcomer or a returnee (defined equally a company that appeared previously, fell off, and is at present dorsum on the list). The highest ranked newcomer is Uline at No. 73. The Wisconsin-based company sells shipping and other business concern supplies and has estimated revenues of $v.viii billion.
Newly formed Ultimate Kronos Group joins the listing at No. 138 with sales of $3.iii billion. The cloud computing company specializes in workforce and homo resource management. It was formed in April 2020 through the merger of Ultimate Software and Kronos Inc.
Michaels Companies, the arts, crafts, and framing retailer, is back on our list, its tertiary become around as a individual company. Michaels got its start in 1973 and was listed on the Nasdaq in 1984. Blackstone and Bain Capital caused Michaels in tardily 2006;information technology went public again in 2014. Apollo Global Management took Michaels private again in April of this year in a $3.three billion deal. Interestingly, Michaels debuted at No. 81 in 2007, the same rank as this twelvemonth.
Grocery store chain Brookshire Brothers, ranked No. 162, returns to the list after 12 years. Information technology fell out of the rankings when listing minimum was raised to revenues of $2 billion in 2009. Brookshire Brothers is related to another company on the listing, Brookshire Grocery, No. 168. A carve up between the founding brothers in 1938 resulted in two separate companies.
Forbes
Methodology
Forbes' list of largest private companies in America includes U.South. based firms with revenue greater than $ii billion in the most recent financial twelvemonth. Most of the companies take no plans to change their private status. Many businesses like the freedom from quarterly earnings expectations and reduced obligations to Sarbanes-Oxley reporting requirements.(Private companies with publicly traded debt must file financial statements with the Securities and Exchange Commission.) Nosotros exclude companies based outside the U.Southward., companies that don't pay income revenue enhancement (like Mohegan Tribal Gaming Authority), mutually owned companies (like State Farm Insurance), cooperatives (like State O'Lakes), companies with fewer than 100 employees, and companies that are more than than 50% endemic by another public, private or non-U.S. company. Nosotros also leave out companies whose primary business concern is auto dealerships or real estate investment and/or management. We practice include companies that are bulk owned by individual companies, such equally Medline Industries. Whenever possible, our acquirement figures for each company exclude sales of publicly traded subsidiaries. Our data sources include voluntary disclosures by companies, Securities and Exchange Committee filings and estimates from Forbes researchers and outside sources.
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Source: https://www.forbes.com/sites/andreamurphy/2021/11/23/americas-largest-private-companies-cargill-is-back-at-no-1/
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