BLACK ENTERPRISE Magazine’s June Issue Celebrates 40 Years of Tracking America’s Largest Black-owned Companies
(New York, NY) June 12, 2012 – 22 New York 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 New York companies ranked on the 2012 BE100s list are as follows:
Industrial/Service Companies (revenues in millions)
| No. 73 | Earl G. Graves Ltd. | New York | $38.790 |
| No. 83 | Cannon Industries Inc. | Rochester | $30.000 |
| No. 96 | Datrose | Webster | $23.505 |
| No. 99 | SLR Contracting & Service Co. Inc. | Buffalo | $19.742 |
Auto Dealers (revenues in millions)
| No. 27 | Kristal Auto Mall Corp. | Brooklyn | $60.000 |
| No. 36 | BMW of the Hudson Valley | Poughkeepsie | $44.279 |
| No. 48 | Webster Ford | Webster | $31.999 |
| No. 51 | Bical Chevrolet Corp. | Valley Stream | $28.000 |
Advertising Agency (revenues in millions)
| No. 5 | UniWorld Group Inc. | Brooklyn | $19.000 |
Financial Services Companies
Banks (assets in millions)
| No. 1 | Carver Bancorp Inc. (Carver Federal Savings Bank) | New York | $671.000 |
Asset Managers (assets under management in billions)
| No. 4 | Advent Capital Management L.L.C. | New York | $5.822 |
| No. 13 | Williams Capital Management | New York | $1.950 |
Investment Banks (lead issues in millions)
Taxable Securities Ranking
| No. 1 | The Williams Capital Group L.P. | New York | $10,865.8 |
| No. 3 | CastleOak Securities L.P. | New York | $6,760.7 |
| No. 4 | M.R. Beal & Co. | New York | $109.1 |
| No. 5 | Siebert Brandford Shank & Co. L.L.C. | New York | $87.1 |
Tax-Exempt Securities Ranking
| No. 1 | Siebert Brandford Shank & Co. L.L.C. | New York | $7,508.7 |
| No. 2 | M.R. Beal & Co. | New York | $2,946.6 |
| No. 4 | Rice Financial Products Co. | New York | $1,108.5 |
Private Equity Firms (capital under management in millions)
| No. 6 | GenNx360 Capital Partners | New York | $600 |
| No. 8 | ICV Capital Partners L.L.C. | New York | $445 |
| No. 15 | Black Enterprise Greenwich Street Corporate Growth Management L.L.C. | New York | $116 |
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.
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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 ENTERPRISE magazine 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.
Why are there no periodicals circulating in African-American communities that continuously champion these companies?
All we ever hear about is some basketball star, politician, musician, or television personality.