The billion-dollar club got a little bigger again this year as two new companies joined the top ranks of the Oregon Business Private 150.
Revenue and jobs up
The billion-dollar club got a little bigger again this year as two new companies joined the top ranks of the Oregon Business Private 150. This was the second year in a row that the number of companies reporting annual revenues of more than $1 billion grew.
Portland-based construction heavyweight Hoffman Corp. jumped from No. 10 last year to second place on this year’s list, just behind window-and-door behemoth Jeld-Wen, the perennial No. 1 on the list. The other new company to break the billion barrier is Vesta Corp. The Portland virtual-payment company was No. 13 last year.
Overall revenue growth and job growth were an important aspect of the Private 150, researched and compiled by Oregon Business research editor Brandon Sawyer, and sponsored by Associated Business Systems. The 2007 total revenues of $41 billion were about $4 billion more than 2006. The average revenue growth for the 138 companies that are on both this and last year’s lists was 10.8%.
Job growth among the Private 150 was up this year. The total number of Oregon employees at the Private 150 grew by about 1,200 over last year. That employment growth mirrors the improved job picture in the state for the past year. The Private 150 companies employ about 4% of the total state workforce.
Forest product companies dominate the list, along with construction companies; at 45 companies in the combined categories, they comprise nearly one-third of the list.
The youngest company on the list is Portland-based Fortis Construction (No. 144), which was established in 2003. Collins Companies (No. 43), a wood products manufacturer in Portland that was founded in 1855, once again is the senior member of the list. Just proves that the youngsters have to work that much harder to beat the senior members of the Private 150.
— The editors
The Private 150 by region
|Total revenue reported by the Private 150:||$41.1 billion|
|Average revenue reported by the Private 150:||$274 million|
|Average revenue growth reported by the Private 150:||11%|
|Average number of Oregon employees:||427|
|Total number of Oregon employees:||63,132|
|Total number of employees worldwide:||142,269|
|Number of new companies in the Private 150:||12|