Cargill Inc. is still the largest private company in America.
Forbes magazine on Wednesday published its annual list of corporations that operate outside the realm of public shareholders, and Minnetonka-based Cargill took the top spot for the 30th time in the list’s 32-year history. Seven other Minnesota-based firms made the list this year.
Employing 153,000 people and with revenue of $120.4 billion, Cargill is well ahead of the second-largest private firm, Wichita, Kan.-based Koch Industries, which had $100 billion in revenue.
Private companies do not have to reveal their financial performance. Some firms, like Cargill, reveal some data for the sake of debt investors and others, however. To make its list, Forbes uses data from those disclosures, Securities and Exchange Commission filings and estimates from outside sources.
The other seven Minnesota companies on the list, along with the magazine’s revenue estimate, are:
Carlson Cos.: $4.6 billion, moved up to 88th place from 91st. The Forbes revenue estimate counts the Radisson hotel business that the company is moving to sell.
Mortenson Co.: $3.7 billion, climbed to 115th place from 151st. The construction giant is growing so fast it plans to expand its Golden Valley headquarters.
Holiday Cos.: $3.2 billion, which slipped to 133rd place from 106th. Bloomington-based chain of gas stations and convenience stores.
Rosen’s Diversified: $3.2 billion revenue, held at 136th place. The Fairmont-based ag products processor is still in its second generation of family leadership.
Schwan Food Co.: $3 billion revenue, now at 154th place from 137th. The Marshall-based maker and deliverer of foods is navigating the era of apps and Amazon.
Andersen Corp.: $2.4 billion, which moved up to 187th from 188th. Based in Bayport, the company is one of the nation’s largest makers of doors and windows.
Taylor Corp.: $2 billion, new to the list. Mankato-based holding company of commercial printing firms. Its founder and chairman Glen Taylor owns the Star Tribune separately.