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. Triad Retail Media names Sherry Smith as CEO

    Corporate

    ST. PETERSBURG — Triad Retail Media, a St. Petersburg-based digital ads company, said CEO Roger Berdusco is "leaving the company to pursue new opportunities" and a member of the executive team, Sherry Smith, is taking over.

    Roger Berdusco is stepping down as CEO at Triad Retail Media to pursue other opportunities. [Courtesy of Triad Retail Media]
  2. Two new condo projects for same street in downtown St. Pete

    Real Estate

    ST. PETERSBURG — It lacks the panache and name recognition of Beach Drive, but 4th Avenue N in downtown St. Petersburg is becoming a condo row in its own right.

    Bezu, a condo project planned at 100 4th Ave. N in downtown St. Petersburg, will have 24 units including a three-level penthouse with infinity pool.
[Courtesy of Clear ph Design]
  3. AAA expects gas prices in Tampa Bay will continue to fall

    Autos

    Ticking slowly and steadily, regular gas prices have receded for the last 10 consecutive days. The average unleaded gas price in Florida is $2.67 this morning, a nickel cheaper than a week ago. In Tampa Bay, the current average unleaded gas has dropped 7 cents from a week ago to $2.62. The national average for regular …

    Gas prices for regular gas continue to decline. In Tampa Bay, the current average unleaded gas is down 7 cents from a week ago at $2.62 a gallon. [Times file photo]
  4. Kiran and Pallavi Patel commit $200 million for Clearwater medical school

    Real Estate

    CLEARWATER — Tampa Bay philanthropists Dr. Kiran Patel and his wife, Dr. Pallavi Patel are spending $200 million to create and promote a Tampa Bay regional campus for the private Nova Southeastern University.

    Drs. Kiran and Pallavi Patel, prolific Tampa Bay philanthropists, are putting up $200 million to create and run a new medical school under Nova Southeastern University. Here is a rendering of the proposed campus [Courtesy of Southestern Noval University}
  5. USF to rename sports management program for Vinik family

    Blogs

    The University of South Florida will name a business program for the Vinik family at a Tuesday event.

    Tampa Bay Lightning owner and chairman Jeff Vinik and his wife, Penny, in 2010.