Black owned businesses operate in every business sector. Many are small shops. But others are some of the biggest businesses in the country. These companies’ stocks are sold on national stock exchanges. They employ tens of thousands of people. These biggest Black owned companies earn billions of dollars annually. This is our list of the 20 biggest black owned companies.
Revenues: $220 Million
CEO: Sheila C. Johnson
Owned by Sheila Johnson, cofounder of Black Entertainment Television, Salamander Hotels and Resorts is a 168-room luxury hotel, resort, and spa located in the Virginia countryside. The hotel is built on a 340 acre property and boasts a 230,000 square foot spa with many outdoor activities such as hiking, zip-lining, and horseback riding. The resort took ten years to build, finally opening in August 2013.
Revenues: $234 Million
CEO: David A. Burnley Sr
Devon Industrial Group is a construction company located in Michigan. They specialize in construction projects in various sectors, including commercial, health care, industrial, and educational. The Devon Industrial Group’s main target market for its services is across the midwestern states of the United States, with the headquarters in Detroit Michigan.
Revenues: $235 Million
CEO: Kirk Lewis
Georgetown Metal Processing is a steel processing service center, specializing in blanking and warehousing located in Georgetown, Kentucky. Their produce range includes aluminum, flat-rolled steel, cold-rolled steel, coated and exposed steel products. Georgetown Metal Processing boasts an 80,000 square foot facility, which is climate controlled due to the nature of their work.
17. Bird Electric
Revenues: $238 Million
CEO: Dale LeFebvre
Founded in 2004, Bird Electric is a leading full-service electric company. Services provided by the company include transmission, maintenance, instrumentation and electrical construction, automation, and storm restoration. Bird Electric operates in over ten states in the United States including Texas, Georgia, Oklahoma, Arkansas, Kansas, Florida, Mississippi, Idaho, California, New Mexico, Alabama, Maryland and Puerto Rico.
Revenues: $252 Million
CEO: Eric G. Johnson
Richardson Foods is a leading custom ingredients manufacturer for the food and beverage industry. It is a family owned company originally founded as Baldwin Ice Cream in Chicago. Illinois in 1921. In 1997, five years after current CEO Eric Johnson purchased the company, Baldwin Ice Cream Company purchased Richardson Foods, creating Baldwin Richardson Foods. Over the next twenty years, the retail business grew to become a custom ingredients manufacturer making many kinds of liquid products for the food industry, including condiments, sauces, and syrups.
Revenues: $253 Million
CEO: Charles M. Adams
Founded in Maryland in 1999 by Charles Adams, Adams Communication & Engineering Technology is a leading technology company providing services for Government Defense, Intelligence, and other Federal Agencies of the United States. The company provides products and solutions in information systems, healthcare systems, aerospace, and electronics.
Revenues: $266 Million
CEO: Andrea M. Jackson
Founded in San Antonio Texas by Henry Jackson in 2005, Millennium Steel of Texas ia a steel company providing automotive grade outer body steel sheets to auto makers across the state of Texas. Their services include steel processing, warehousing, and storage.
Revenues: $275 Million
CEO: William F. Pickard and Sylvester L. Hester
Global Automotive Alliance is a holding company of many different companies originally founded by William Pickard in 1989. It is a consolidation of logistics and automotive manufacturing companies with eight plants in the United States and Canada. GAA supplies to top three United States automakers: Ford, General Motors and Fiat Chrysler. In addition, it also supplies to other global companies such as Boeing, Mercedes Benz, Starbucks, and Home Depot.
Revenues: $312 Million
CEO: Andrea Jackson
Sister company of Millennium Steel of Texas, Millennium Steel Services is an automotive steel processing and warehousing company based in Princeton Indiana. It provides warehousing and supply chain management including inventory managements, inspection, slitting, and information technology system services.
11. Fair Oaks Farms
Revenues: $342 Million
CEO: Michael L. Thompson
Fair Oaks Farms is food services company which produces fresh, ready-to-cook, and fully cooked beef, pork, and poultry products. Products offered by the company include sausages, cured meats, smoked meats, and canned meats. Founded in 1985 in Pleasant Prairie, Wisconsin in the United States, Fair Oaks Farms distributes its products to a variety of national and international restaurant chains and food companies.
Revenues: $435 Million
CEO: Stephen L. Hightower
Operating for over 58 years, Hightowers Petroleum Co. is a petroleum products distribution company founded by Stephen “Steve” Hightower in 1982. Coming from a family of entrepreneurs, Hightower built the company from humble beginnings to a well-established business through persistence, drive, and determination. It is a family business providing services in bulk fuel delivery, HPC fleet cards, inventory management, emergency fuel, and supply chain managements.
9. Urban One (NASDAQ:UONEK)
Revenues: $440 Million
CEO: Alfred C. Liggins III
Based in Silver Spring, Maryland, Urban One Inc is a publishing and broadcasting company primarily providing content aimed at the African American community. Self-titled as the “leading voice speaking to Black America “, Urban One Inc is the largest distributor of urban content in the United States since 1980. It is the largest Black-owned broadcasting company in the United States, with 53 radio stations, cable network TV One, digital media company iOne, and news provider NewsOne all under its belt.
Revenues: $703 Million
CEO: Warren E. Anderson
Launched in 1991, The Andersons-Dubose Company is a distribution company providing logistics services to McDonalds and Chipotle fast food restaurants in the states of Ohio, Pennsylvania, New York and West Virginia in the United States. Their services roster includes transportation of groceries, happy meal toys, paper products, dairy products, frozen meat and fish, and other food products. The Anderson Dubose Company operate from two locations, one is a 210,497 square foot facility in Lordstown, Ohio and the other is in Rochester, New York.
Revenues: $760 Million
CEO: Warren M. Thompson
Thompson Hospitality Corporation is a food and facilities management company providing hospitality services in the United States. It is the largest minority-owned Food Service and one of the largest Retail Food and Facilities Management companies in the United States. Thompson Hospitality Corporation was originally founded as a restaurant company in 1992 and has now branched out to offer all services of the hospitality industry.
In 2010, the company was awarded the Black Enterprise Award of Company of the Year. In 2017, Washington Business Journal ranked it #1 Minority Owned Company. And in 2019 they were again recognized by Washington Business Journal as the Largest Independent Employer Company.
6. Bridgeman Foods
Revenues: $870 Million
CEO: Ryan Bridgeman
Located in Oak Creek, Wisconsin, United States, Bridgeman Foods is a part of the fast-food and quick-service restaurants industry. Formerly known as Manna Inc, Bridgeman Foods was founded in 1988 in Louisville, Kentucky. Currently Bridgeman Foods affiliates operate 139 Wendy’s restaurants, 27 Golden Corral Buffet and Grill restaurants, 83 Fazoli’s restaurants, 6 Mark’s Feed Store restaurants, 7 Blaze Pizza restaurants, Napa River Grill, Jimmy John’s, and The Layover Bar.
Revenues: $1,042 Million
CEO: Billy R. Vickers
Modular Assembly Innovations is one of the United States’ largest black-owned businesses. Based in Dublin, Ohio, Modular Assembly Innovations is the parent corporation of a group of certified, minority-owned companies part of the Machinery Manufacturing industry. MAI companies include Great Lakes Assemblies, Gulf Shore Assemblies, Indiana Assemblies, and North American Assemblies. These are all aware winning, tier one suppliers of automotive parts to customers in both the United States and abroad.
Revenues: $1,310 Million
CEO: Troy D. Taylor
A family owned company, Coca-Cola Beverages Florida L.L.C. is an independent Coca-Cola (NYSE:KO) beverage bottler company with over 18 million consumers across 47 counties of the state of Florida. This includes all the major metropolitan markets of Jacksonville, Miami, Orlando, and Tampa. Coca-Cola Beverages Florida L.L.C. , or Coke Florida as it’s known for short, manufactures, sells, and distributes over 600 products of the giant Coca Cola Company as well as many other partner companies.
Coca-Cola Beverages Florida has received a number of awards. They received the Minority Business Enterprise Supplier of the Year Class IV honor in 2020. The Florida State Minority Supplier Development Council also recognized Coca-Cola Beverages Florida L.L.C. as the Supplier of the Year Class IV in the same year.
3. Bridgewater Interiors L.L.C
Revenues: $ 1,969 Million
CEO: Ronald E. Hall Jr.
Founded over 20 years ago, Bridgewater Interiors is an automotive seating manufacturing company based in Detroit, Michigan. The company specializes in JIT (just-in-time) manufacturing, sequencing, and delivery of seating in automotive vehicles. The company does assembly for 15 car models belonging to four automotive manufacturers. Bridgewater Interiors has four facilities at its two locations, three in Michigan and one in Alabama.
Bridgewater Interiors L.L.C has received a number of accolades throughout the years. In 2013, the U.S. Department of Commerce, through its Minority Business Development Agency, named Bridgewater Interiors its Manufacturer of the Year. General Motors (NYSE:GM), Honda (NYSE:HMC), and Ford (NYSE:F) have all recognized Bridgewater Interiors for their quality and service.
2. Act 1 Group
Revenues: $2,800 Million
CEO: Janice Bryant Howroyd
ActOne Group is a privately held corporation based in Torrance, California founded in 1964. The ActOne Group, stylized as Act 1 Group, is a global enterprise that provided employment, workforce management, and procurement solutions to a wide range of industries. ActOne is the largest debt-free woman-owned, minority-owned workforce management company in the United States. ActOne is a global leader in the human resources industry and currently operates in 19 countries around the world with 17,000 clients and 2,600 employees worldwide.
The CEO, Janice Bryant Howroyd was awarded winner of the 2016 Peter Yessne Staffing Leadership Award for all her efforts.
Revenue: $11,287.419 Million
CEO: David L. Steward
Topping the list of 20 biggest black-owned companies in the United States is technology solution provider World Wide Technology with $11.2 billion in annual revenue and more than 5,000 employees. Founded in 1990, World Wide Technology provides supply-chain technology to 45% of Fortune 500 companies. The company provides information technology and software solutions. Some of the world’s most recognizable brands are WWT’s customers, namely Boeing, Cisco, AT&T, Microsoft, and the US Air Force. World Wide Technology employs more than 3,800 people and operates in more than 20 facilities throughout the world.