BLACK ENTERPRISE MAGAZINE ISSUES 40TH ANNUAL BE100S REPORT
For the full list of 2012 BE100s Companies visit: http://www.blackenterprise.com/lists/be-100s-2012/
(New York, NY) July 3, 2012 – 14 California companies are among the nation’s top-grossing black-owned businesses as listed in BLACK ENTERPRISE magazine’s 40th annual BE100s report. The cornerstone of the publication’s June issue, this comprehensive analysis includes a total of 230 companies broken down into seven categories: industrial/service companies, auto dealers, advertising agencies, private equity firms, investments banks, banks, and asset management firms. As BLACK ENTERPRISE celebrates the 40th anniversary of its flagship roster, the list has become highly recognized as the most authoritative analysis and ranking of the nation’s most successful black companies.
The California companies ranked on the 2012 BE100s list are as follows:
Industrial/Service Companies (revenues in millions)
|No. 2||ACT-1 Group||Torrance||$1,800.000|
|No. 34||G & C Equipment Corp.||Gardena||$100.000|
|No. 45||Beauchamp Distributing Co.||Compton||$78.500|
|No. 54||The Client Base Funding Group Inc.||Los Angeles||$62.000|
Auto Dealers (revenues in millions)
|No. 13||Fitzpatrick Dealership Group||Modesto||$114.000|
|No. 18||Ross Automotive Group||Montebello||$80.267|
|No. 23||Phil Waterford’s Manteca Ford & Exotic High Line||Manteca||$64.362|
Advertising Agency (revenues in millions)
|No. 2||Walton Isaacson||Los Angeles||$50.000|
|No. 6||Carol H. Williams Advertising Inc.||Emeryville||$18.000|
|No. 7||Muse Communications Inc.||Culver City||$17.100|
Financial Services Companies
Banks (assets in millions)
|No. 5||Broadway Financial Corp.(Broadway Federal Bank)||Los Angeles||$417.441|
Asset Managers (assets under management in billions)
|No. 3||Progress Investment Management Co. L.L.C.||San Francisco||$6.458|
Private Equity Firms (capital under management in millions)
|No. 1||Vista Equity Partners||San Francisco||$5,800|
|No. 2||MacFarlane Partners||San Francisco||$4,400|
BLACK ENTERPRISE develops rankings by collecting surveys from companies and gathering information from government agencies, professional organizations, industry associations, business information services, and corporations. The information includes totals for the 2011 calendar year, a detailed description of business activities, and confirmation that the entity is at least 51% black-owned, or that blacks own at least 51% of its controlling shares if the company is publicly traded.
The complete BE100s report, including eligibility requirements and criteria for each category, is available in the June issue of BLACK ENTERPRISE magazine on newsstands now.
BLACK ENTERPRISE, your ultimate source to build Wealth for Life, is the premier business, investing, and wealth-building resource for African Americans. Since 1970, BE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Every month, BLACK ENTERPRISEmagazine provides 4 million readers with information on entrepreneurship, careers, and financial management. A multimedia company, BE also produces television programming, business and lifestyle events, Web content, and digital media. BLACK ENTERPRISE is the definitive source of information for and about African American business leaders, personal finance, careers and small business. Visit www.blackenterprise.com for more information.