annual ranking of America’s largest private companies. The agribusiness firm dropped down to No. 2 last year, only the third time Cargill missed the top spot sincebegan tracking the country’s private companies in 1985. The Minnesota-based firm’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.
Food retailers fared well with 16 of 19 supermarket firms on the list posting revenue gains since last year’s list, due in large part to increased consumer demand amid the pandemic. Revenue growth put two supermarket chains back on the list: Texas-based Brookshire Brothers at No. 162 and Arizona-based Bashas’ at No. 208. Revenues at Florida’s Publix Supermarkets rose 18% in 2020, helped by the company’s growing footprint. The supermarket giant opened 39 new stores last year.
The most high-profile exit 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 as public companies are Petco Animal Supplies, Vizio and Jo-Ann Stores. Vizio filed to go public back in 2015 but 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.
A total of twenty-five companies entered the ranks this year as either a newcomer or a returnee . The highest ranked newcomer is Uline at No. 73. The Wisconsin-based company sells shipping and other business supplies and has estimated revenues of $5.8 billion.
🥱 I hope everyone has a backyard garden. We’re all going to need it.
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