NEW YORK – Forbes has released its 32nd annual list of America’s Largest Private Companies – a ranking of the private companies in the US that have annual revenues of $2 billion or greater. This year’s list has 223 companies. Taken as a group, they have a combined revenue of $1.62 trillion and employ over 4.5 million people.
Cargill takes the top spot for the 30th time. The Minneapolis-based company has missed the No. 1 ranking only twice since Forbes began publishing this list in 1985. Dell takes the No. 4 spot this year. The Texas-based computer company is in the process of completing its acquisition of data-storage company EMC.
It has been a difficult year for convenience stores, as revenues dropped year-over-year. At the top of the list, Pilot Flying J fell from No. 8 to No. 14, and Love’s Travel Stops & Country Stores fell from No. 14 to No. 22.
“Every year there are drop-offs and newcomers,” says Andrea Murphy, Forbes’ Statistics Editor. “This year, 16 companies dropped off the 2015 list, while 23 earned spots for the first time. US Foods, ranked No. 13 last year, was the highest-ranked drop-off. The food distributor went pubic via an IPO in May 2016. The other 15 companies dropped off the list because revenues fell below the $2 billion threshold or because they were acquired. Newcomers typically make it onto the list through revenue growth. One exception was Southern Glazer’s, ranked No. 17. This wine and spirits distributor formed through the merger of Southern Wine & Spirits of America and Glazer’s, two family-owned companies.”
The 20 largest American Private Companies are:
|Rank||Company Name||Company Revenue ($B)|
|8||Publix Super Markets||32.6|
|10||C&S Wholesale Grocers||30.0|
|11||Ernst & Young||28.7|
|13||HE Butt Grocery||23.0|
|14||Pilot Flying J||22.9|
|18||Cumberland Gulf Group||16.5|
The complete list may be found at: www.forbes.com/largest–private–companies.