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10 Largest Private Equity Backed Private Companies – 2012

Flying J Truckstop

Truckstop Pilot Flying J takes the top spot as the largest pe-backed company in America.

Culling Forbes’ annual list of America’s largest privately owned companies, it’s about time we revisited the largest of which are private equity-backed. End of the year and all that. Anyway, the list isn’t all that surprising, and it’s remarkably similar to what it would’ve been in 2011.

Pilot Flying J traded places with US Foods at the top. BI-LO is new to the top-10, and it owes its spot at number 7 to its 2011 merger with Winn-Dixie, after emerging from bankruptcy protection in 2010. It’s spot in 2011 was way down at 203.  HD Supply is the other newbie, at spot number 10.

Readily apparent from Forbes’ list: these companies may be the largest by revenue, but certainly not the most profitable or valuable.

Of the 10 entries below, KKR leads the way with investments in 3.

One big question we have: why did Forbes include Platinum Equity on the list (at number 22)? What makes it unlike every other closely-held private equity firm?

  1. Pilot Flying J (6) – FJ Management, CVC Capital Partners
  2. US Foods (11) – Clayton, Dubilier & Rice Inc., KKR
  3. Toys “R” Us (18) – Bain Capital, KKR, Vornado Realty Trust
  4. Performance Food Group (22) – Wellspring Capital Management, The Blackstone Group
  5. First Data (27) – KKR
  6. CDW (31) – Madison Dearborn Partners
  7. BI-LO (33) – Lone Star Funds
  8. Hilton Worldwide (38) – The Blackstone Group
  9. Momentive Performance Materials Holdings (42) – Apollo Management LP
  10. HD Supply (44) – The Carlyle Group, Bain Capital, Clayton, Dubilier & Rice

Image Courtesy of greeblie.

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December 7, 2012 | - By