The 2011 list of America’s Largest Private Companies, our 27th list, had 212 companies, down from 223 in 2010. Despite the drop, combined revenues this year are $1.33 trillion versus $1.35 trillion a year ago. Cargill and Koch Industries took the number one and number two spots, respectively, as they did last year. These two companies will be hard to unseat, their revenues far exceed the next closest companies. However there were a few new faces in the top ten due to two notable exits. Hospital operator HCA, ranked number four in 2010, became a public company, trading under the ticker HCA, on March 10, 2011. Iconic carmaker Chrysler was no longer eligible for our list when Fiat increased its stake to 53.5% in June. Taking their spots are Love’s Travel S tops & Country Stores (No. 7) and US Foods No. 10).
In total seven companies exited our list via an IPO, companies like Booz Allen (BAH) and Freescale Semiconductor (FSL). Other drop offs simply didn’t make the $2 billion cut off. Electronics wholesaler Ma Labs reported revenues of $1950 for their most recent fiscal year. Public or foreign companies acquired a handful of companies. And in the case of DeBruce Grain, it was bought by The Gavilon Group, another private company. The acquisition was completed in January.
There were some new faces too, nine in total. Del Monte Foods was the only one to earn a spot through a LBO. In March, a group of private equity investors led by Kohlberg Kravis Roberts (KKR) acquired the canned food giant in a deal valued at $5.3 billion. Del Monte, with revenues of $3.6 billion enters the list at number 104. The other eight new companies made their way onto the list through revenue growth.