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Familiar names lead list of top 250 privately held companies
Jeffrey Kanige//August 22, 2022
Wakefern Food Corp. again leads the annual NJBIZ list of the state’s top 250 privately held companies, despite posting a nearly 3% decrease in revenues last year.
The Keasbey-based business, which operates supermarkets under ShopRite, Fairway Market, Gourmet Garage and other brands, earned the No. 1 slot on this year’s list with $17.8 billion in revenue for 2021, down from $18.3 billion the previous year.
Somerset-based information technology provider SHI International Corp. came in at No. 2, the same position as last year, with $11 billion in revenue – unchanged from 2020.
Rounding out this year’s top five were J.M. Huber Corp. at nearly $3.4 billion; Imperial Dade and its $3.2 billion; and NFI with just over $3.1 billion. The full list begins on page 14.
Imperial Dade, where revenues grew by nearly 62% in 2021, replaced Holman Enterprises in the top five. The acquisitive distributor of foodservice packaging, facilities maintenance supplies, floor equipment and industrial packaging, recently completed its 52nd purchase under the leadership of Chairman Robert Tillis and CEO Jason Tillis. The Jersey City-based company acquired Palm Paper Supply Aug. 5.
Wakefern, which bills itself as the nation’s largest retailer-owned cooperative, announced earlier this year that member Zallie-Somerset Inc. will open two new ShopRite stores in South Jersey in 2023. In the spring, the company held hiring fairs in New Jersey and Pennsylvania seeking to fill a variety of entry-level positions, including corporate procurement, customer care/service, logistics, and selector and truck driver positions on warehouse teams.
SHI International announced earlier this year that it surpassed the $12 billion revenue mark in 2021 for the first time in its history. “Combining our continued expansion of product and services capabilities with our first corporate rebrand in two decades, SHI is better positioned than ever to find new and innovative ways to support the IT and business needs of our 15,000 global customers,” President and CEO Thai Lee said at the time. “Our momentum allows for continued sustained growth that will power reinvestment in the professional development of SHI employees and the world-class service they provide our customers.”
Among the big movers this year, Indus Translation Services, a language-related services provider based in Edison, posted the largest increase in revenue, jumping to nearly $3.6 million from just under $400,000 in 2020. The company offers translation services in more than 100 languages, including such obscure tongues as Dari, Kinyarwanda, Sindhi and Sourashtra.
In the other direction, Sadat Associates Inc., an environmental science and engineering consulting firm based in Trenton, turned in the largest revenue decline. The company said revenue fell from just under $2.8 million to about $1.8 million, a 34.3% drop.
Top 25 revenue producers
NJ |
2021 |
2020 |
Percentage |
|
Company name |
Employees |
Revenue |
Revenue |
Change |
| Wakefern Food Corp. | 3,800 | $17,800,000,000 | $18,300,000,000 | -2.732 |
| SHI International Corp. | 2,400 | $12,300,000,000 | $11,000,000,000 | 11.818 |
| J.M. Huber Corp. | 32 | $3,350,000,000 | $2,432,000,000 | 37.747 |
| Imperial Dade | 6500 | $3,200,000,000 | $1,976,000,000 | 61.943 |
| NFI | 1,145 | $3,122,000,000 | $2,630,000,000 | 18.707 |
| Mott MacDonald | 459 | $2,453,206,000 | $2,422,970,000 | 1.248 |
| Saker ShopRites Inc. | 9,585 | $2,248,365,000 | $2,281,196,000 | -1.439 |
| NJM Insurance Group | 2,355 | $1,935,641,671 | $1,854,351,150 | 4.384 |
| Aurobindo Pharma USA Inc. | 514 | $1,900,000,000 | $1,900,000,000 | 0.000 |
| Goya Foods Inc. | 500 | $1,800,000,000 | $1,700,000,000 | 5.882 |
| Fedway Associates and Affiliated Cos. | 1,000 | $1,413,305,000 | $1,276,997,135 | 10.674 |
| Gellert Global Group and Affiliates | 1,815 | $1,405,000,000 | $1,405,000,000 | 0.000 |
| Allied Beverage Group | 1,000 | $1,400,000,000 | $1,310,000,000 | 6.87 |
| AmeriHealth New Jersey | 128 | $1,155,239,725 | $1,097,278,618 | 5.282 |
| Homebridge Financial Services Inc. | 486 | $1,134,622,401 | $1,134,622,401 | 0.000 |
| Stephen Gould Corp. | 540 | $940,000,000 | $783,000,000 | 20.051 |
| Weeks Marine Inc. | 319 | $865,446,000 | $778,950,000 | 11.104 |
| Turtle & Hughes Inc. | 338 | $680,000,000 | $680,000,000 | 0.000 |
| Pharma In Motion LLC | 1,000 | $650,000,000 | $600,000,000 | 8.333 |
| Jingoli-DCO | 542 | $575,148,074 | $564,000,000 | 1.977 |
| Alliance Shippers Inc. | 344 | $570,000,000 | $570,000,000 | 0.000 |
| UTC Overseas Inc. | 24 | $450,000,000 | $350,000,000 | 28.571 |
| Torcon Inc. | 220 | $441,770,000 | $342,100,000 | 29.135 |
| Doherty Enterprises Inc. | 4,357 | $432,584,844 | $324,772,201 | 33.196 |
| Viking Yacht Co. | 1,385 | $357,038,500 | $303,890,000 | 17.489 |
Biggest gains
NJ |
2020 |
2021 |
Percentage |
|
Company name |
Employees |
Revenue |
Revenue |
Change |
| Indus Translation Services | 4 | $3,566,823 | $394,689 | 803.71 |
| Integris | 50 | $87,561,000 | $10,659,493 | 721.44 |
| A La Carte – Premiere Servers LLC | 45 | $809,532 | $229,598 | 252.59 |
| K9 Franchising LLC | 98 | $15,188,254 | $6,334,426 | 139.77 |
| The Blau & Berg Co. | 38 | $22,000,000 | $11,000,000 | 100.00 |
| The Kislak Co. Inc. | 11 | $18,682,000 | $9,751,000 | 91.59 |
| Staffing Alternatives | 23,005 | $254,089,050 | $134,925,403 | 88.32 |
| Imbue Creative | 4 | $1,500,000 | $800,000 | 87.50 |
| Advanced Solar Products Inc. | 34 | $23,307,566 | $12,884,497 | 80.90 |
| DataScreening | 9 | $1,542,690 | $888,514 | 73.63 |
| NAI Mertz | 15 | $21,500,000 | $12,500,000 | 72 |
| The Atlantic Club Inc. | 615 | $21,793,926 | $13,330,197 | 63.493 |
| Posen Architects LLC | 15 | $4,493,800 | $2,766,019 | 62.465 |
| Imperial Dade | 6500 | $3,200,000,000 | $1,976,000,000 | 61.943 |
| GE Chaplin Inc. | 14 | $71,000,000 | $45,000,000 | 57.778 |
| Little Mechanical Co. | 5 | $3,458,700 | $2,242,000 | 54.269 |
| Mazza Recycling Services Ltd. | 200 | $86,100,000 | $56,600,000 | 52.12 |
| Miller’s Rentals Inc. | 38 | $4,700,000 | $3,100,000 | 51.613 |
| Juniper Partners LLC | 500 | $128,000,000 | $85,000,000 | 50.588 |
| Ocean Solar | 4 | $1,200,000 | $800,000 | 50 |
| Massa Multimedia Architecture P.C. | 57 | $28,106,098 | $18,809,364 | 49.426 |
| Sagapixel SEO | 22 | $708,000 | $478,000 | 48.117 |
| United Asphalt Co. Inc. | 27 | $19,500,000 | $13,300,000 | 46.617 |
| Commercial Mortgage Capital | 2 | $1,062,547 | $727,177 | 46.119 |
| Wm. Blanchard Co. | 146 | $207,938,998 | $142,734,462 | 45.682 |
Biggest Declines
NJ |
2021 |
2020 |
Percentage |
|
Company name |
Employees |
Revenue |
Revenue |
Change |
| Sadat Associates Inc. | 15 | $1,835,982 | $2,796,924 | -34.357 |
| Pomptonian Food Service | 2,472 | $49,098,000 | $73,741,000 | -33.418 |
| Vericon Construction Co. LLC | 161 | $135,939,920 | $199,348,281 | -31.808 |
| Micro Strategies Inc. | 113 | $82,680,091 | $115,914,606 | -28.672 |
| metrofuser | 48 | $5,037,691 | $6,400,000 | -21.286 |
| MCS Healthcare PR | 18 | $3,585,681 | $4,405,889 | -18.616 |
| KS Engineers P.C. | 197 | $46,478,826 | $55,076,008 | -15.61 |
| Poskanzer Skott Architects | 4 | $823,011 | $971,413 | -15.277 |
| Del-Sano Contracting Corp. | 31 | $75,867,563 | $89,293,366 | -15.036 |
| Stanford Investment Group | 15 | $300,000,000 | $350,000,000 | -14.286 |
| Epstein Ostrove LLC | 39 | $4,735,000 | $5,500,000 | -13.909 |
| BML Public Relations + Digital | 12 | $1,650,000 | $1,906,000 | -13.431 |
| Haas Construction Management LLC | 23 | $32,500,000 | $37,500,000 | -13.333 |
| Kimmerle Group & Kimmerle Newman Architects | 35 | $4,807,000 | $5,519,000 | -12.901 |
| Do Good Marketing LLC | 2 | $1,808,796 | $2,069,609 | -12.602 |
| Solvix Solutions LLC | 8 | $16,500,000 | $18,750,000 | -12 |
| HMR Architects | 12 | $1,899,927 | $2,149,452 | -11.609 |
| Lightning Prevention Systems Inc. | 7 | $1,600,000 | $1,800,000 | -11.111 |
| McElroy, Deutsch, Mulvaney & Carpenter LLP | 120 | $90,535,500 | $101,052,500 | -10.407 |
| Anthony T. Rinaldi LLC dba The Rinaldi Group | 45 | $121,242,339 | $134,315,483 | -9.733 |
| Meeting Alliance | 14 | $19,605,320 | $21,445,620 | -8.581 |
| EPS Corp. | 58 | $64,269,061 | $70,136,996 | -8.366 |
| Spiezle Architectural Group Inc. | 65 | $20,426,747 | $22,200,000 | -7.988 |
| Rondo-Pak LLC | 250 | $54,000,000 | $58,000,000 | -6.897 |
| The Logistics Source Inc. | 12 | $12,000,000 | $12,800,000 | -6.25 |
