Make us your home page
Instagram

Trigaux: Often out of spotlight, 44 biggest private Tampa Bay companies reveal their clout

They are a business backbone in Tampa Bay we hear little about, at least compared to the high-profile likes of Raymond James Financial, HSN or Bloomin' Brands. Few have household-recognizable names, but a handful boast brands well-known to most.

Combined, the top 44 of them employ nearly 60,000 people, mostly in this metro area. Together, their combined revenues top $25 billion.

"They" are the major private corporations whose headquarters reside in the Tampa Bay market. They are not publicly traded, though plenty of them are big enough to become public companies if they wanted to do so.

What they do ranges widely from personnel outsourcing and chains that sell everything from furniture to burgers, autos and RVs, to high- powered data analytics firms, specialty financial service providers and construction companies. There's even a seafood processor and beer distributor in the mix.

This is the Tampa Bay Times' annual review of the major private companies based in Tampa Bay. Florida Trend, a sister magazine of the Times, just published the 225 largest private companies based in Florida. Statewide — no surprise — Publix Super Markets, based in Lakeland, remains the largest private company. Its $34 billion in annual revenues is nearly twice that of No. 2 HIG Capital Management in Miami.

We have culled that Florida Trend ranking of 225 for the 44 biggest private companies headquartered in this metro area. That represents close to 20 percent of those private firms listed statewide. Let's see who's on the rise in Tampa Bay, who's treading water and who has slipped in the latest rankings.

We also look more closely at three private firms — Power Design in St. Petersburg, Coca-Cola Beverage Florida in Tampa and Rooms To Go in Seffner — to see what makes them tick in 2017.

Power Design, St. Petersburg

What it does: national electrical contractor

Rank in Tampa Bay: No. 22.

Rank in Florida: No. 125 (Rank last year: No. 156)

Revenues: $397 million

Employees: 1,269

Why it stands out: Let's count the ways. Among the 44 private companies, it jumped 31 spots in this year's ranking from last by revenues, a strong showing of a company growing fast. Power Design's also a frequent name on "best places to work" lists ranging from the Times Top Workplace rankings to both Fortune and Inc. lists. Want to attract millennial workers? Follow the Power Design path of hiring sharp people, then training them. The company's 133,000-square-foot headquarters is known as the Grid and includes an interactive training center. Close to 70 percent of the 500 employees at the Grid take advantage of a fully equipped and staffed fitness center that includes a basketball-volleyball court, organized team sports and a pingpong room. The 22-acre campus also features a cantina, outdoor seating, and a full-time events team to organize morale-building experiences. Not bad at all for a 28-year-old firm.

Coca-Cola Beverages Florida, Tampa

What it does: Coca-Cola brand beverage distributor across Florida

Rank in Tampa Bay: No. 5.

Rank in Florida: No. 55 (New to list, not ranked last year)

Revenues: $1 billion

Employees: 4,500

Why it stands out: Few if any companies in this area have seemingly materialized overnight like this distributor of Coke-branded beverages. The firm has grown rapidly thanks to multiple mergers of smaller distributors across the Sunshine State. Now it is the third- largest privately held and fifth-largest independent Coca-Cola bottler in the nation. CEO Troy Taylor, a former banker and investment executive, has helped mastermind the company's fast track. "I did not expect we'd expand this fast, but I'm embracing it," Taylor told a Tampa business audience earlier this year. One challenge Taylor's company faces is the growing health backlash against selling sugary sodas. Two prominent African-American pastors recently filed suit in D.C. Superior Court against Coca-Cola and the American Beverage Association. They argue soda manufacturers knowingly deceived customers about the health risks of sugary beverages — at enormous cost to their communities. Taylor has been aggressive in acknowledging Coke's sugar legacy and noting the large number of low- and zero-calorie beverage options his distribution company sells.

Rooms To Go, Seffner

What it does: Major furniture chain

Rank in Tampa Bay: No. 2.

Rank in Florida: No. 22 (Rank last year: unchanged)

Revenues: $2.2 billion

Employees: 7,000

Why it stands out: To the general population, that's an easy answer. Former supermodel Cindy Crawford and Modern Family TV star Sofia Vergara are the company's high-profile spokeswomen — each with her own line of furniture — for the giant retailer. But there's a bottom line reason, too, for its success. In the past three years, the company has added more than 1,400 retail jobs and another 350 jobs in domestic manufacturing, according to president Jeff Seaman. And the firm, which already has more than 130 stores, wants to broaden its offerings, going on the hunt to acquire an outdoor furniture retailer to jump-start a move into the category. Rooms To Go has its challenges, too. It relies on overseas manufacturing for a good portion of its furniture, and President Donald Trump's threats to make foreign trade more expensive bears close watching. In addition, Rooms To Go, like all traditional furniture retailers, is keeping a close eye on Amazon ever since it began hinting that it wants to extend its reach to housewares and furniture. Is Amazon's $13.7 billion purchase of the Whole Foods grocery chain the model for its eventual entry into the retail furniture world?

Three takeaways on Tampa Bay private companies

1. The three area companies that jumped in the statewide ranking by revenues of 225 private firms? Power Design of St. Petersburg rose 31 spots to No. 125. Morgan Auto Group of Tampa rose 26 spots to No. 47. And St. Petersburg's Triad Retail Media rose 20 spots to No. 81.

2. The three area companies that dropped the most in the statewide rankings? Tampa fuel products provider J.H. Williams fell 49 spots to No. 203. Tampa engineering firm Atkins North America and Tampa law firm Carlton Fields each slipped 22 spots to Nos. 113 and 205, respectively.

3. If the largest Tampa Bay private companies were publicly traded firms, would any break into the top 10 spots for this metro area? Three have revenues large enough to make the cut: South East Personnel Leasing in Holiday, Rooms To Go in Seffner and personnel outsourcer FrankCrum in Clearwater.

Source: Florida Trend magazine, July 2017 issue

Ranking Tampa Bay's 44 biggest private companies

Metro rank What they do Revenues Change from prior year

1. South East Personnel Leasing, Holiday Employee outsourcing $2.9 billion – 2.5%

2. Rooms To Go, Seffner Furniture stores $2.2 billion + 3.6%

3. FrankCrum, Clearwater Employee outsourcing $1.5 billion + 8.4%

4. Morgan Auto Group, Tampa Auto dealerships $1.1 billion + 56.7%

5. Coca-Cola Beverages Florida, Tampa Beverage distribution $1 billion Not ranked

6. American Strategic Insurance, St. Petersburg Insurance $916.5 million – 21.4%

7. Checkers Drive-In Restaurants, Tampa Restaurants $837.4 million +7.9%

8. Cunningham Lindsey Group, Tampa Loss adjuster/claims manager $832.4 million + 3.5%

9. Ferman Group, Tampa Auto dealerships $814.5 million + 5.6%

10. Syniverse, Tampa Mobile communications $781.9 million – 9.2%

11. Modern Business Associates, St. Petersburg Employee outsourcing $749.6 million + 20.3%

12. Catalina Marketing, St. Petersburg Personalized digital media $748.3 million + 3.6%

13. Automated Petroleum, Brandon Petroleum products/fuel $715.4 million – 12.6%

14. Triad Retail Media, St. Petersburg E-commerce media programs $688.2 million + 37%

15. Lazydays, Seffner RV sales/service $645.5 million + 6.4%

16. Gulfside Supply, Tampa Wholesale roofing supply $601.6 million + 21.8%

17. AVI-SPL, Tampa Audiovisual products/services $565.7 million + 0.3%

18. PSCU, St. Petersburg Credit union services $458.8 million + 5.5%

19. Atkins North America, Tampa Engineering/project management$453.9 million – 17.2%

20. Bankers Financial, St. Petersburg Financial services $447.2 million + 2.1%

21. HealthPlan Holdings, Tampa Insurance/managed care services $404.4 million + 3.7%

22. Power Design, St. Petersburg Electrical contracting $397 million + 49.2%

23. Tampa Bay Fisheries, Dover Seafood processor $383.9 million + 1.2 %

24. Spectra (formerly Ovations Food), Lutz Food service $362.1 million + 3.4%

25. Gardner-Gibson, Tampa Construction $358.5 million + 25.4%

26. Hit Promotional Products, Largo $357 million + 18.2%

27. Arthur Rutenberg Homes, Clearwater Homebuilding $320 million + 17.4%

28. Prince Contracting, Tampa Construction $272 million + 67%

29. Minto Communities US, Tampa Residential real estate $267.5 million – 21.3%

30. KHS&S Contractors, Tampa Construction $265.1 million – 10.7%

31. America II Electronics, St. Petersburg Electronic components $258.2 million – 0.7%

32. Florida Medical Clinic, Zephyrhills Healthcare $234 million + 6.8 %

33. Laser Spine Institute, Tampa Spine surgery centers $220 million + 1.4%

34. Great Bay Distributors, St. Petersburg Beer distribution $217.9 million + 1.1%

35. Amscot Financial, Tampa Financial services $216 million + 3.1%

36. J.H. Williams Oil, Tampa Petroleum products/fuel $205.2 million – 23.6%

37. Carlton Fields, Tampa Law firm $197 million – 12.2%

38. Tampa Armature Works, Riverview Electrical $174 million + 14.5%

39. Creative Contractors, Clearwater Construction $172 million + 70.3%

40. Homes by WestBay, Riverview $167.1 million + 34.7%

41. DEX Imaging, Tampa Document imaging sales/service $167.1 million – 16.4%

42. USAmeriBancorp, Clearwater Banking $163.6 million + 10.7%

43. Vology, Oldsmar IT services $163 million – 12.8%

44. SCC Soft Computer, Clearwater Healthcare $161.4 million 0%

Source: Florida Trend magazine, July 2017 issue

Trigaux: Often out of spotlight, 44 biggest private Tampa Bay companies reveal their clout

07/14/17 [Last modified: Sunday, July 16, 2017 4:09pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Bigger ships carry Georgia ports to record cargo volumes

    Economic Development

    SAVANNAH, Ga. — Bigger ships arriving through an expanded Panama Canal pushed cargo volumes at Georgia's seaports to record levels in fiscal 2017, the Georgia Ports Authority announced Monday.

    The Port of Savannah moved a record 3.85 million container units in fiscal 2017, the state said, benefiting from the larger ships that can now pass through an expanded Panama Canal.
  2. Dragon ride in Harry Potter section of Universal closing for new themed ride

    Florida

    Universal Orlando announced Monday that it will close Dragon Challenge for a new "highly themed" Harry Potter ride to open in 2019 — sending wizard fans into a guessing game with hopes for a Floo Powder Network or the maze from the Triwizard Tournament.

    Universal Orlando announced Monday that it will close Dragon Challenge on Sept. 5 for a new "highly themed" Harry Potter ride to open in 2019. The ride, originally the Dueling Dragons roller coaster, was renamed and incorporated into the Wizarding World of Harry Potter when the hugely popular area opened in 2010.
  3. Would you let your company implant a chip in you?

    Working Life

    Would you ask an employee to get a chip implanted in her hand? Sounds invasive and intrusive. But come Aug. 1, one company in Wisconsin will be giving it a try.

    Three Square Market - a developer of software used in vending machines - is offering all of its employees the option to get a microchip implanted between the thumb and forefinger. [Photo from video]
  4. Daniel Lipton resigns as artistic director of Opera Tampa

    Stage

    TAMPA — Daniel Lipton has resigned as artistic director of Opera Tampa, the David A. Straz Jr. Center for the Performing Arts announced.

    Daniel Lipton became the artistic director and conductor of Opera Tampa in 2012. Lipton replaced the opera's only previous director, Anton Coppola, who retired. [Times file (2012)]
  5. Throwback Tampa Bay station 102.9 goes from R&B jams to WFLA-AM's conservative talk

    Blogs

    Talk radio station WFLA-AM (970) began simulcasting on 102.9 FM in the Tampa area this morning. 

    Tampa's 102.9 is going from Throwback Tampa Bay to WFLA-AM's news radio.