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The Greater MSP region is a hub of thriving companies who take advantage of locational assets the region has to offer. These companies include: UnitedHealth Group, Target, Best Buy, Supervalu, 3M, CHS, U.S. Bancorp, Medtronic and General Mills. They attract international recognition every year for their innovation, sustainability, ethical leadership, brand value, corporate citizenship and leadership.
More than a dozen Twin Cities companies made Forbes' annual list of the largest private companies. Cargill, the largest private company in the nation, has flourished in Greater MSP for more than 100 years.
Fifteen Minneapolis-Saint Paul companies rank among the world’s biggest public companies, according to Forbes. Its 2015 Global 2000 ranking is based on four equally weighted factors, as of May 2015: annual sales, profits, assets and market value.
|Forbes 2014 Rankings||Company||Industry||2014 Sales (billions)||Worldwide Employees
|UnitedHealth Group||Managed Health Care||$130.5||185,000|
|US Bancorp||Major Banks||$20.3||67,000|
|Medtronic||Medical Equipment & Supplies||$17.4||49,000|
|Ameriprise Financial||Investment Services||$12.1||19,000|
|General Mills||Food Processing||$17.6||43,000|
|Xcel Energy||Electric Utilities||$11.7||11,691|
|Best Buy||Computer & Electronics Retail||$41.5||125,000|
|St. Jude Medical||Medical Equipment & Supplies||$5.6||16,000|
|CH Robinson Worldwide||Other Transportation||$13.5||11,521|
|Polaris Industries||Recreational Products||$4.5||7,000|
Sources: Interactive Data, LionShares, Thomson Reuters Fundamentals and Worldscope via FactSet Research Systems; Bloomberg; Forbes.
Minneapolis-based Cargill earned the top spot on Forbes’ annual list of America’s largest private companies for most of the last decade. Forbes’ 2014 list of privately held giants includes seven Minnesota firms, four based in the Greater MSP metro area.
|1||Cargill, Minneapolis||Farm Products||109.84 e||130,500|
|83||Carlson, Minnetonka||Hotels, Restaurants & Leisure||3.90 e||50,700|
|94||Schwan Food, Marshall||Food, Drink & Tobacco||3.67 e||17,000|
|132||Holiday Companies, Bloomington||Convenience Stores & Gas Station||3.00 e||4,600|
|169||Rosen's Diversified, Fairmont||Food, Drink & Tobacco||2.51 e||4,000|
|182||M A Mortenson, Minneapolis||Construction||2.39 e||2,200|
|210||Andersen, Bayport||Construction||2.10 e||9,000|
Revenues exclude excise taxes where applicable, public subsidiaries and sales from discontinued operations. Revenues are worldwide figures. e = Forbes’ estimate Source: Forbes
Fortune 500 companies call Minneapolis-Saint Paul home – a testament to the region’s ability to help companies prosper.
|Greater MSP 2014 Ranking||Company||Fortune 500 Ranking||Revenue (billions)|
|1||United Health Group||14||130.4|
|9||Land O' Lakes||203||15.2|
|11||C.H. Robinson Worldwide||225||13.5|
|14||The Mosaic Company||320||9.1|
|15||Thrivent Financial for Lutherans||333||8.5|
|16||St. Jude Medical||466||5.6|
Source: Fortune, 2014
High Ranks by Industry
Several Fortune 500 companies in the Greater MSP metro lead their respective industries:
Five Greater MSP area firms made Inc. magazine’s 2013 list of the 500 fastest growing private companies in America. Another 80 Minnesota firms made the Inc. 5,000 list. Both lists measures revenue growth among US-based, privately held, for-profit and independent companies. GarbageMan Company made Inc.’s growth list for two consecutive years.
|National Rank||Private Company/Headquarters||Product/Service||Revenue (millions)||Three-Year Growth Rate
|141||Morning Star Financial Services||Self-directed financial services for those with disabilities and the elderly.||$44.1 M||2,733%|
|154||Zerbee Business Products||Internet supplier of office products, office furniture, restaurant supplies, medical supplies, restaurant supplies and technology products.||$6.3 M||2,550%|
|178||Integrhythm||Boutique consulting firm focused on integrating business and IT to create an operational rhythm for enterprise.||$3.8 M||2,339%|
|220||LeadPages||Designs templates for website pages and apps that allow businesses to increase their reach.||$8.3 M||1,991%|
|374||Snap Construction||Exterior construction company specializing in windows, roofing, siding, insulation and home remodeling.||$4.9 M||1,275%|
Source: Inc. Magazine, 2013
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Saint Paul, MN 55101