The Largest Private Company in Every State

November 22, 2016 by Thomas C. Frohlich

Casual Catering Discussion Meeting Colleagues Concept
Source: Thinkstock
Going public is often regarded as the final step in a private company’s growth. While a public offering streamlines fund-raising activities and offers many other advantages, many owners prefer to keep control of their companies.

24/7 Wall St. reviewed data from company data reviewer PrivCo to identify the largest company in each state. Based on revenue, these companies range in size from Minnesota-based Cargill to Wyoming’s Bloedorn Lumber.

Going public confers some important benefits to large companies, including increased visibility, which can lead to greater earnings. For this reason, if public companies were considered for this list, the vast majority of the largest companies in each state would be public. Texas-based public oil and gas giant Exxon Mobil Corp., for example, with 2015 revenue of $268.9 billion (down substantially from previous years), is much larger than Dell, which reported revenue of $58.1 billion last year and is the largest private company in the state.

Click here to see the largest private company in every state.

Still, there are plenty of very large corporations that never opted to make a public offering. Wichita, Kansas-based Koch Industries, for instance, dwarfs the operations of Sprint Corp, the state’s largest public company. Sprint reported annual revenue of $32.2 billion in 2015, a fraction of Koch’s $115.0 billion revenue.

To identify the biggest company in each state, 247 Wall St. reviewed the largest private companies in each state based on revenue figures provided by PrivCo. Privco also provided annual growth rates, which are based on the most recent three fiscal years for each company, with the exception BCD Travel’s annual growth rate, which is based on the most recent two fiscal years. Headquarter locations also came from Privco.

These are the largest private companies in each state.

Birmingham Alabama
Source: Thinkstock

1. Alabama
> Largest private company: Ebsco Industries, Inc.
> 2015 revenue: $2.7 billion
> Annual growth rate: 5.5%
> Headquarters: Birmingham

Barrow, Alaska
Source: Thinkstock

2. Alaska
> Largest private company: Arctic Slope Regional Corporation
> 2015 revenue: $2.5 billion
> Annual growth rate: -1.7%
<> Headquarters: Barrow

Phoenix Arizona
Source: Thinkstock

3. Arizona
> Largest private company: PetSmart, Inc
> 2015 revenue: $7.0 billion
> Annual growth rate: 4.6%
> Headquarters: Phoenix

Little Rock , Arkansas
Source: Thinkstock

4. Arkansas
> Largest private company: Stephens Inc.
> 2015 revenue: $2.3 billion
> Annual growth rate: 7.0%
> Headquarters: Little Rock

pleasanton-california
Source: Wikimedia Commons

5. California
> Largest private company: Safeway Inc.
> 2015 revenue: $37.7 billion
> Annual growth rate: 1.5%
> Headquarters: Pleasanton

Denver Skyline at Sunset Colorado
Source: Thinkstock

6. Colorado
> Largest private company: PCL Construction Enterprises, Inc.
> 2015 revenue: $7.2 billion
> Annual growth rate: 1.7%
> Headquarters: Denver

boehringer-ingelheim-corp
Source: boehringer-ingelheim.com

7. Connecticut
> Largest private company: Boehringer Ingelheim Corp.
> 2015 revenue: $16.3 billion
> Annual growth rate: 22.6%
> Headquarters: Ridgefield

milford-delaware
Source: Wikimedia Commons

8. Delaware
> Largest private company: Burris Logistics
> 2015 revenue: $3.8 billion
> Annual growth rate: 9.0%
> Headquarters: Milford

publix-florida
Source: Wikimedia Commons

9. Florida
> Largest private company: Publix Super Markets Inc.
> 2015 revenue: $30.8 billion
> Annual growth rate: 3.6%
> Headquarters: Lakeland

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Atlanta, Georgia 3
Source: Thinkstock

10. Georgia
> Largest private company: Georgia-Pacific Corp.
> 2015 revenue: $22.5 billion
> Annual growth rate: 4.5%
> Headquarters: Atlanta

Honolulu County, Hawaii
Source: Thinkstock

11. Hawaii
> Largest private company: Hawaii Medical Service Association
> 2015 revenue: $3.0 billion
> Annual growth rate: 2.9%
> Headquarters: Honolulu

Downtown Boise Idaho just after sundown with Capital building
Source: Thinkstock

12. Idaho
> Largest private company: Albertsons Companies, Inc.
> 2015 revenue: $58.7 billion
> Annual growth rate: 151.0%
> Headquarters: Boise

bloomington-illinois
Source: Wikimedia Commons

13. Illinois
> Largest private company: State Farm Mutual Automobile Insurance Co.
> 2015 revenue: $75.7 billion
> Annual growth rate: 5.0%
> Headquarters: Bloomington

Commercial building in downtown Warsaw, Indiana
Source: Thinkstock

14. Indiana
> Largest private company: Biomet, Inc.
> 2015 revenue: $6.0 billion
> Annual growth rate: 28.3%
> Headquarters: Warsaw

Des Moines, Iowa
Source: Thinkstock

15. Iowa
> Largest private company: Hy-Vee, Inc.
> 2015 revenue: $9.3 billion
> Annual growth rate: 6.8%
> Headquarters: West Des Moines

Wichita, Kansas
Source: Thinkstock

16. Kansas
> Largest private company: Koch Industries Inc
> 2015 revenue: $115.0 billion
> Annual growth rate: 0.0%
> Headquarters: Wichita

Morning in Lexington, Kentucky
Source: Thinkstock

17. Kentucky
> Largest private company: Lexmark International, Inc.
> 2015 revenue: $3.6 billion
> Annual growth rate: -2.2%
> Headquarters: Lexington

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Baton Rouge, Louisiana 2
Source: Thinkstock

18. Louisiana
> Largest private company: Southern Power Systems
> 2015 revenue: $17.5 billion
> Annual growth rate: 1.8%
> Headquarters: Baton Rouge

L. L. Bean Headquarters
Source: Wikimedia Commons

19. Maine
> Largest private company: LL Bean
> 2015 revenue: $1.7 billion
> Annual growth rate: 2.9%
> Headquarters: Freeport

20. Maryland
> Largest private company: Allegis Group, Inc.
> 2015 revenue: $12.5 billion
> Annual growth rate: 14.8%
> Headquarters: Hanover

Boston, Massachusetts
Source: Thinkstock

21. Massachusetts
> Largest private company: Liberty Mutual Holding Co., Inc.
> 2015 revenue: $41.5 billion
> Annual growth rate: 4.5%
> Headquarters: Boston

penske-vehicle-services
Source: penskevehicleservices.com

22. Michigan
> Largest private company: Penske Corporation
> 2015 revenue: $29.2 billion
> Annual growth rate: 11.1%
> Headquarters: Bloomfield Hills

wayzata-minnesota
Source: Wikimedia Commons

23. Minnesota
> Largest private company: Cargill, Incorporated
> 2015 revenue: $120.4 billion
> Annual growth rate: -7.8%
> Headquarters: Wayzata

Jackson Mississippi Skyline
Source: Thinkstock

24. Mississippi
> Largest private company: Ergon Inc.
> 2015 revenue: $4.5 billion
> Annual growth rate: 5.8%
> Headquarters: Jackson

Kansas City Skyline, Missouri
Source: Thinkstock

25. Missouri
> Largest private company: BCD Travel
> 2015 revenue: $23.8 billion
> Annual growth rate: 3.1%
> Headquarters: Kansas City

bozeman-montana
Source: Wikimedia Commons

26. Montana
> Largest private company: Barnard Construction Co. Inc
> 2015 revenue: $467.1 million
> Annual growth rate: 24.5%
> Headquarters: Bozeman

Aerial view of Omaha, Nebraska
Source: Thinkstock

27. Nebraska
> Largest private company: Kiewit Corporation
> 2015 revenue: $9.0 billion
> Annual growth rate: -10.0%
> Headquarters: Omaha

Las Vegas Strip at night - high vantage, Nevada
Source: Thinkstock

28. Nevada
> Largest private company: Fletcher Jones Automotive Group
> 2015 revenue: $2.3 billion
> Annual growth rate: 12.3%
> Headquarters: Las Vegas

keene-new-hampshire
Source: Wikimedia Commons

29. New Hampshire
> Largest private company: C&S Wholesale Grocers, Inc.
> 2015 revenue: $30.0 billion
> Annual growth rate: 11.4%
> Headquarters: Keene

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30. New Jersey
> Largest private company: Wakefern Food Corporation
> 2015 revenue: $15.9 billion
> Annual growth rate: 5.4%
> Headquarters: Keasbey

Santa Fe, New Mexico
Source: Thinkstock

31. New Mexico
> Largest private company: HUB International Insurance Services Inc.
> 2015 revenue: $1.4 billion
> Annual growth rate: 11.7%
> Headquarters: Albuquerque

New York City, New York Life Insurance Company Building
Source: Thinkstock

32. New York
> Largest private company: New York Life Insurance Company
> 2015 revenue: $45.9 billion
> Annual growth rate: 10.2%
> Headquarters: New York

Winston-Salem, North Carolina
Source: Thinkstock

33. North Carolina
> Largest private company: Nationwide Marketing Group, LLC
> 2015 revenue: $15.0 billion
> Annual growth rate: 0%
> Headquarters: Winston-Salem

State Capitol, Bismarck, North Dakota
Source: Wikimedia Commons

34. North Dakota
> Largest private company: Basin Electric Power Cooperative
> 2015 revenue: $2.2 billion
> Annual growth rate: 5.2%
> Headquarters: Bismarck

Nationwide Mutual Insurance Co
Source:

35. Ohio
> Largest private company: Nationwide Mutual Insurance Co.
> 2015 revenue: $43 billion
> Annual growth rate: 12.3%
> Headquarters: Columbus

Oklahoma City, Oklahoma
Source: Thinkstock

36. Oklahoma
> Largest private company: Love’s Travel Stops & Country Stores, Inc.
> 2015 revenue: $14.2 billion
> Annual growth rate: -5.8%
> Headquarters: Oklahoma City

Portland, Oregon's Oldtown (Aerial)
Source: Thinkstock

37. Oregon
> Largest private company: Vesta Corporation
> 2015 revenue: $3.1 billion
> Annual growth rate: 5.6%
> Headquarters: Portland

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Philadelphia, Pennsylvania
Source: Thinkstock

38. Pennsylvania
> Largest private company: Independence Blue Cross
> 2015 revenue: $14.0 billion
> Annual growth rate: 10.2%
> Headquarters: Philadelphia

Providence, Rhode Island 4
Source: Thinkstock

39. Rhode Island
> Largest private company: Gilbane Building Co.
> 2015 revenue: $4.5 billion
> Annual growth rate: 12.8%
> Headquarters: Providence

Charleston, South Carolina
Source: Thinkstock

40. South Carolina
> Largest private company: InterTech Group, Inc.
> 2015 revenue: $4.3 billion
> Annual growth rate: 3.8%
> Headquarters: North Charleston

Sioux Falls, South Dakota
Source: Thinkstock

41. South Dakota
> Largest private company: Poet, LLC
> 2015 revenue: $6.7 billion
> Annual growth rate: 4.5%
> Headquarters: Sioux Falls

pilot-flying-j-gas-station
Source: Wikimedia Commons

42. Tennessee
> Largest private company: Pilot Flying J
> 2015 revenue: $22.9 billion
> Annual growth rate: -9.4%
> Headquarters: Knoxville

dell-headquarters-round-rock-texas
Source: Wikimedia Commons

43. Texas
> Largest private company: Dell Inc.
> 2015 revenue: $58.1 billion
> Annual growth rate: -1.2%
> Headquarters: Round Rock

sinclair-oil-corporation-truck
Source: sinclairoil.com

44. Utah
> Largest private company: Sinclair Oil Corporation
> 2015 revenue: $5.0 billion
> Annual growth rate: -13.5%
> Headquarters: Salt Lake City

45. Vermont
> Largest private company: Keurig Green Mountain, Inc.
> 2015 revenue: $4.5 billion
> Annual growth rate: 5.4%
> Headquarters: Waterbury

chantilly-virginia
Source: Wikimedia Commons

46. Virginia
> Largest private company: The Long & Foster Companies, Inc.
> 2015 revenue: $56.0 billion
> Annual growth rate: 4.8%
> Headquarters: Chantilly

Bellevue Washington from Lake with Mountains
Source: Thinkstock

47. Washington
> Largest private company: Puget Energy, Inc.
> 2015 revenue: $3.1 billion
> Annual growth rate: -1.3%
> Headquarters: Bellevue

Charleston, West Virginia 2
Source: Thinkstock

48. West Virginia
> Largest private company: Camcare Inc.
> 2015 revenue: $480.0 million
> Annual growth rate: 3.1%
> Headquarters: Charleston

Milwaukee, Wisconsin
Source: Thinkstock

49. Wisconsin
> Largest private company: Northwestern Mutual Life Insurance Company
> 2015 revenue: $27.8 billion
> Annual growth rate: 4.2%
> Headquarters: Milwaukee

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torrington-wyoming
Source: Wikimedia Commons

50. Wyoming
> Largest private company: Bloedorn Lumber
> 2015 revenue: $112.7 million
> Annual growth rate: 5.1%
> Headquarters: Torrington