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Private Companies - Top 26

Ranked by revenue | List information taken from the 2009-2010 Business Information Guide
Source: Company representatives and Web sites. If you were not contacted for this list but would like to be in the future, please contact research@tcbmag.com.
*See note at bottom of list.
Rank Company Revenue for most recent fiscal year Employees in
MN / worldwide
Nature of business

1

Cargill, Inc.

15407 McGinty Road
Wayzata, MN 55391
952-742-7575 | cargill.com

$116,600,000,000

5,700 / 160,000

Provides food, agricultural, financial, and industrial products and services internationally

2

Thrivent Financial for Lutherans

625 Fourth Avenue South
Minneapolis, MN 55415
800-847-4836 | thrivent.com

$6,413,000,000

1,214 / 2,926

Financial services membership organization; offers life insurance, annuities, mutual funds, disability income insurance, and bank products

3

Carlson

701 Carlson Parkway
Minnetonka, MN 55305
763-212-5000 | carlson.com

$4,330,000,000*

5,000 / 160,000

Operates hotels and restaurants and provides marketing and travel services internationally

4

The Schwan Food Company

115 West College Drive
Marshall, MN 56258
507-532-3274 | theschwanfoodcompany.com

$3,530,000,000*

3,000 / 17,000

Manufactures and markets fine frozen foods through home delivery, retail grocery, and food-service channels

5

M.A. Mortenson Company

700 Meadow Lane North
Golden Valley, MN 55422
763-522-2100 | mortenson.com

$2,825,000,000

550 / 2,200

Provides pre-construction, construction, sustainable, and development services; market specialties include health care, higher education, hospitality, commercial office, renewable energies, sports venues, data centers, and federal, state and municipal facilities

6

Securian Financial Group

400 Robert Street North
St. Paul, MN 55101
651-665-3500 | securian.com

$2,700,000,000

2,400 / 3,500

Provides insurance, retirement products and services. and investments to more than 9 million people in the United States

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7

Andersen Corporation

100 Fourth Avenue North
Bayport, MN 55003
651-264-5150 | andersenwindows.com

$2,500,000,000*

3,400 / 10,000

Manufactures numerous types of windows and patio doors

8

Rosen's Diversified, Inc.

1120 Lake Avenue, P.O. Box 933
Fairmont, MN 56031
507-238-6001 | rosensdiversifiedinc.com

$2,500,000,000

800 / 4,000

Agricultural holding company with interests in beef packing plants, pet food and treats, trucking, and agricultural chemicals and fertilizer

9

AgriBank FCB

375 Jackson Street
St. Paul, MN 55101
651-282-8800 | agribank.com

$2,370,060,000

182 / 182

Largest of five banks within the national Farm Credit System; oversees agricultural lending and business services for a 15-state network of local associations

10

Holiday Companies

4567 American Boulevard West
Bloomington, MN 55437
952-830-8700 | holidaystationstores.com

$2,000,000,000*

Not provided / Not provided

Provides wholesale and retail gasoline and convenience-store merchandise

11

Michael Foods, Inc.

301 Carlson Parkway, Suite 400
Minnetonka, MN 55305
952-258-4000 | michaelfoods.com

$1,804,373,000

1,200 / 3,800

Provides wholesale food and food ingredients; offerings include processed egg products, refrigerated potato products, and specialty dairy products

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12

Taylor Corporation

1725 Roe Crest Drive
North Mankato, MN 56003
507-625-2828 | taylorcorp.com

$1,700,000,000*

Not provided / 10,925

Holding company with print, communications, marketing, and technology interests

13

Ceridian Corporation

3311 East Old Shakopee Road
Minneapolis, MN 55425
800-729-7655 | ceridian.com

$1,695,000,000

Not provided / 8,776

Provides managed human resource solutions, including financial, technology, health and wellness, and productivity

14

Fagen, Inc.

501 West Highway 212
Granite Falls, MN 56241
320-564-3324 | fageninc.com

$1,664,053,810

Not provided / 1,800

Provides civil, mechanical, structural, and electrical services with a special focus on heavy-industrial construction and building ethanol plants

15

APi Group, Inc.

1100 Old Highway 8 Northwest
New Brighton, MN 55112
651-636-4320 | apigroupinc.com

$1,600,000,000

310 / 8,000

Provides oversight of more than 32 independent companies within the life safety and industrial and specialty construction industries

16

Buffets, Inc.

1460 Buffet Way
Eagan, MN 55122
651-994-8608 | buffet.com

$1,588,450,000*

Not provided / Not provided

Operates more than 500 restaurants nationally that focus on traditional home cooking

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17

Federated Mutual Insurance Companies

121 East Park Square
Owatonna, MN 55060
507-455-5200 | federatedinsurance.com

$1,372,000,000

1,600 / 2,700

Provides multi-line insurance and risk management products and services to businesses within selected industries

18

Prime Therapeutics

1305 Corporate Center Drive
Eagan, MN 55121
612-777-4000 | primetherapeutics.com

$1,150,000,000

760 / 1,650

Pharmacy benefit management company dedicated to providing clinically-based and cost-effective pharmacy solutions for clients and members; provides pharmacy benefit services nationwide to approximately 14.7 million covered lives; client base includes Blue Cross and Blue Shield Plans, employer and union groups, and third-party administrators

19

Lifetouch, Inc.

11000 Viking Drive
Eden Prairie, MN 55344
952-826-4000 | lifetouch.com

$1,050,000,000*

Not provided / Not provided

Provides professional portraits for schools, houses of worship, and the retail market; publishes yearbooks

20

Merrill Corporation

1 Merrill Circle
St. Paul, MN 55108
651-646-4501 | merrillcorp.com

$1,006,709,000*

1,426 / 5,528

Provides financial printing and publishing services and outsourced solutions for complex business communication and information management

21

Coborn's, Inc.

1445 East Highway 23
St. Cloud, MN 56304
320-252-4222 | cobornsinc.com

$1,000,000,000

6,150 / 6,500

Operates 34 Coborns and Cash Wise Foods grocery stores in the upper Midwest, along with convenience, liquor, video, and other stores, and pharmacies; operates an online grocery ordering and home delivery service

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22

Davisco Foods International, Inc.

11000 West 78th Street, Suite 210
Eden Prairie, MN 55344
952-914-0400 | daviscofoods.com

$1,000,000,000*

331 / 821

Family-owned international cheese and food ingredient company; produces 200 million pounds of whey protein isolates annually as well as 200 million pounds of cheese annually

23

Digi-Key Corporation

701 Brooks Avenue South
Thief River Falls, MN 56701
218-681-6674 | digikey.com

$983,400,000

1,989 / 1,994

Provides catalog distribution of electronic components

24

Jostens, Inc.

3601 Minnesota Drive
Bloomington, MN 55435
952-830-3300 | jostens.com

$865,700,000

750 / 4,000

Provides products for youth, education, and sports, including school yearbooks and memory books, class rings, graduation products, and products for athletes and their fans

25

Great River Energy

12300 Elm Creek Boulevard
Maple Grove, MN 55369
763-445-5000 | greatriverenergy.com

$829,900,000

540 / 875

Provides wholesale electric service to 28 distribution cooperatives in Minnesota and Wisconsin; those member cooperatives distribute electricity to approximately 1.7 million Minnesotans and more than 645,000 homes, businesses, and farms

26

Ryan Companies US, Inc.

50 South 10th Street, Suite 300
Minneapolis, MN 55402
612-492-4000 | ryancompanies.com

$808,756,487

338 / 687

Provides development, design-build, and real estate management services

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Note: Denny Hecker Family Holdings and Opus Group, both of which appeared on last year's list, have faced significant financial turmoil within the past year or more. Neither company provided revenue figures, and reliable estimates were not available, but they likely would not qualify for this year's list based upon their sales.
* Indicates an estimate from Forbes or Dun & Bradstreet. Figures are for the fiscal year indicated, or the latest period for which data was available.
• Cooperatives were not included on this list. However, if they had been listed, three Minnesota-based cooperatives would have qualified based on their 2008 revenue: Land O'Lakes, Inc. ($12 billion), Associated Milk Producers, Inc. ($1.7 billion), and American Crystal Sugar Company ($1.2 billion).
• Josten's revenue figures includes revenue from parent company Visant Corporation's other subsidiaries with similar offerings, which account for an insignificant portion of the total.

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