Some of largest private firms have local ties

By Bob Freund

Other companies with local connections on Forbes Magazine's annual list of "America's Largest Private Companies" include:

Ashley Furniture Industries of Arcadia, Wis. -- No. 152 with an estimated $1.7 billion in sales. It operates a store on Rochester's northwest side.

Musicland Group of Minnetonka, Minn. -- No. 193 with $1.4 billion in sales. A retail outlet has long been in Apache Mall.


Taylor Corp. of North Mankato, Minn.-- No. 197, also with an estimated $1.4 billion in revenues. Taylor is the parent company of Schmidt Printing Inc. in Byron.

Burger King of Miami, Fla. -- No. 210. The company behind the home of the Whopper has $1.3 billion in company sales, which are heavily franchise fees. But Burger King restaurants typically are owned and run by those 1,200 franchisees, generating much larger food sales.

Hobby Lobby Stores of Oklahoma City -- No. 215 at $1.3 billion in sales. One of its local craft and hobby superstores sells right next door to Ashley Furniture in Rochester.

Holiday Cos. of Bloomington, Minn. -- No. 239 at $1.2 billion in sales. Its gasoline-convenience stores are big in the Twin Cities area, and there is one in Rochester.

What To Read Next
Caitlin and Jason Keck’s two-year term on the American Farm Bureau Federation committee begins next month.
The Minnesota Public Utilities Commission met on Jan. 5, 2023, to consider the application for Summit Carbon Solutions.
Qualified Minnesota farmers will receive dollar-for-dollar matching money to purchase farmland.