Doing business in DFW
More than a dozen Dallas-Fort Worth companies have earned some major bragging rights. Forbes has released its new list of the country’s largest privately owned companies based on annual revenue, and 13 local firms make the cut.
- Grand Prairie-based alcohol and wine distributor Republic National Distributing, No. 25, $11.9 billion in annual revenue.
- Dallas-based conglomerate Sammons Enterprises, No. 70, $5.8 billion in annual revenue.
- McKinney-based roofing distributor SRS Distribution, No. 80, $5.4 billion in annual revenue.
- Irving-based arts-and-crafts retailer Michaels, No. 81, $5.3 billion in annual revenue.
- Dallas-based luxury retailer Neiman Marcus, No. 101, $4.7 billion in annual revenue.
- Irving-based electrical systems and equipment maker Consolidated Electrical Distributors, No. 103, $4.6 billion in annual revenue.
- Fort Worth-based food and beverage distributor Ben E. Keith, No. 107, $4.2 billion in annual revenue.
- Dallas-based oil and gas explorer Hunt Consolidated, No. 113, $4 billion in annual revenue.
- Frisco-based transportation and logistics software provider Transplace, No. 127, $3.6 billion in annual revenue.
- Addison-based cosmetics retailer Mary Kay, No. 164, $2.8 billion in annual revenue.
- Plano-based senior healthcare provider Golden Living, No. 178, $2.6 billion in annual revenue.
- Dallas-based general contractor Austin Industries, No. 217, $2.1 billion in annual revenue.
- Dallas-based transportation and logistics company Mode Transportation, No. 220, $2.1 billion in annual revenue.
Perhaps surprisingly (or not, to its legions of fans) San Antonio-based H-E-B ranks highest on the list among Texas companies. It lands an impressive fifth on the Forbes list.
According to Forbes, the grocery chain’s annual revenue is $32.8 billion, making it the largest private company in Texas. On its website, H-E-B reports annual sales of $32 billion. H-E-B’s financial success can be tied in large part to its popularity among Texas grocery shoppers, of course.
Nearly all of the Texas companies in the Forbes ranking are based in the Dallas-Fort Worth and Houston areas. As well as the 13 DFW companies, five Houston businesses companies show up on the list:
- Car dealership group Gulf States Toyota, No. 45, $8.3 billion in annual revenue.
- Energy company Calpine, No. 48, $8 billion in annual revenue.
- Petroleum and petrochemical products marketer Tauber Oil, No. 61, $6.7 billion in annual revenue.
- Casino, restaurant, and sports conglomerate Fertitta Entertainment, No. 166, $2.8 billion in annual revenue.
- BMC Software, No. 219, $2.1 billion in annual revenue.
The only other Texas company on the Forbes list is San Antonio-based construction engineering company Zachry Group. It ranks 225th, with annual revenue of $2 billion.
One other company on the Forbes list, New Jersey-based IT company SHI International Corp., has a strong connection to Texas. Austin billionaire Thai Lee, with a net worth estimated at $4.1 billion, is co-founder, president, and CEO of SHI. The company ranks 28th on the Forbes list, with annual revenue of $11.1 billion.
Minnesota-based agribusiness giant Cargill Koch Industries nabbed the No. 1 spot on the annual ranking.