Forbes ranked North Texas as home to some of the largest private firms in 2022.
More than 10 North Texas companies made it into Forbes’ 2022 list of the U.S.’s largest private companies. The national list included 246 private U.S. companies with revenue of more than $2 billion, according to Forbes, which has tracked America’s largest private companies since 1985.
Of the 246 private firms listed on Forbes’ ranking, 11 of the top 20 Texas-based firms were headquartered in Dallas-Fort Worth.
H-E-B, the popular San Antonio-based grocery chain, ranked No.6 on Forbes’ national list of top private companies. H-E-B has an estimated fourth-quarter revenue of $38.9 billion for 2022, $26.8 billion more than Republic National Distributing Co., the next top Texas-based revenue earner.
Locally headquartered companies to make Forbes’ list include:
- Republic National Distributing Co. (No.34)
- Sammons Enterprises (No.44)
- SRS Distribution (No.57)
- The Michaels Cos. (No.92)
- Ben E. Keith (No.102)
- Consolidated Electrical Distributors (No.106)
- Neiman Marcus Group (No.107)
- Hunt Consolidated/Hunt Oil (No.124)
- Mode Transportation (No.158)
- Austin Industries (No.191)
- Mary Kay Inc. (No.205)
In terms of national ranking, “Agribusiness giant Cargill maintained its number one spot on the list for the second year in a row, and conglomerate Koch Industries kept its rank at No.2,” said Forbes. “Rounding out the top five are Florida-based Publix Supermarkets (No.3), candy and pet-care company Mars (No.4), and truck stop and convenience store operator Pilot Company (No.5).”
Even though Forbes added 25 new entries to the list, the global media company said there is still a healthy drop-off each year. A total of 13 companies fell off the list in 2022 due to acquisitions or falling revenues.
Twitter (No.104), which was delisted from the New York Stock Exchange in October when Elon Musk took the social media platform private for $44 billion or $54.20 per share, became the highest-profile newcomer to America’s largest private companies, according to Forbes’ 2022 ranking.
For a full list of the 246 private firms ranked in Forbes’ 2022 list, click here.