Convenience Chains Fall on Largest Private Cos. List
NEW YORK — Convenience store companies held a strong presence on the latest Forbes list; however, some notable names did fall a few notches.
The magazine's 32nd annual list of America's Largest Private Companies ranks the private companies in the U.S. that have annual revenues of $2 billion or greater. This year's list has 223 companies. Taken as a group, they have a combined revenue of $1.62 trillion and employ more than 4.5 million people.
According to Forbes, it has been a difficult year for convenience stores, as revenues dropped year-over-year. At the top of the list, Pilot Flying J fell from No. 8 to No. 14, and Love's Travel Stops & Country Stores fell from No. 14 to No. 22.
In a bright spot, Thorntons Inc. joined the list, coming in at No. 202.
In all, 11 c-store chains and one wholesaler make an appearance on this year's list. They are:
- No. 14: Pilot Flying J; Knoxville, Tenn.; $22.9 billion in revenue
- No. 18: Cumberland Gulf Group; Framingham, Mass.; $16.5 billion in revenue
- No. 22: Love's Travel Stops & Country Stores; Oklahoma City; $14.2 billion in revenue
- No. 33: QuikTrip Corp.; Tulsa, Okla.; $9.1 billion in revenue
- No. 36: Wawa Inc.; Wawa, Pa.; $8.9 billion in revenue
- No. 44: RaceTrac Petroleum Inc.; Atlanta; $7.5 billion in revenue
- No. 55: Sheetz Inc.; Altoona, Pa.; $6.3 billion in revenue
- No. 72: Eby-Brown Co. LLC; Naperville, Ill.; $5.3 billion in revenue
- No. 82: Sinclair Oil Corp.; Salt Lake City; $5 billion in revenue
- No. 133: Holiday Cos.; Bloomington, Minn.; $3.2 billion in revenue
- No. 201: Kum & Go LC; West Des Moines, Iowa; $2.3 billion in revenue
- No. 202: Thorntons Inc.; Louisville, Ky.; $2.3 billion in revenue
To view the complete list, click here.