Just as the Masters golf tournament and Augusta National’s blooming azaleas welcome spring, the annual ranking of the Top 100 private companies in Baton Rouge is a sure sign that summer—in all its oppressive heat and humid glory—is upon us.
And in something of a tradition, Blue Cross and Blue Shield of Louisiana once again tops Business Report‘s annual ranking, with 2017 revenues of $3.6 billion. The health insurance company, founded in 1934, saw its revenues rise 3.6% from the previous year.
Maintaining its hold on the second spot was Turner Industries Group, despite a 5.5% decline in revenues to $2.5 billion. Rounding out the top 5: Performance Contractors ($1.1 billion, down 26.6%), Raising Cane’s Chicken Fingers ($975 million, up 31%) and Brown & Root ($820 million, down 1.2%).
Overall, the collective revenue of this year’s Top 100 class, which includes six newcomers, was $24.1 billion, a slight 1% increase from 2016’s $24 billion.
So how do we go about the process of ranking the companies each year? In the spring, announcements and emails are sent to all companies on our recent Top 100 lists and to those identified as possible qualifiers as well as those suggested by readers. We also placed notices on our websites, asking companies to post their information or submit it to us.
We followed up with emails, phone calls and research to confirm the data. In some cases we looked at related industry performance reports and other business compilations to estimate revenue.
Some companies declined to reveal their numbers, so we relied on public information and sources to make reasonable estimates. Those companies are denoted in the list’s footnotes.
Companies were ranked according to their reported or estimated revenue for the most recently completed fiscal year, which in most cases was the calendar year 2017.
And because we ask for others to make public their private revenue information, it’s only fair that our parent company, Louisiana Business Inc., shares its information.
In 2017, LBI total revenue was $10.1 million, up 4.1% from $9.7 million in 2016. The company has 60 full-time employees, all working in Baton Rouge at the corporate headquarters on Jefferson Highway. Chairman Rolfe McCollister Jr. founded the company in 1982. President and CEO Julio Melara is a partner in the company.
For information on joining Business Report at the Crowne Plaza Executive Center on Tuesday, Sept. 25, for a breakfast celebrating the Best Places to Work in Baton Rouge and a luncheon honoring the Top 100 Private Companies in the Capital Region, click here.
Top 100 coverage: