(New York, NY) July 3, 2012 – Five North Carolina companies are among the nation’s top-grossing black-owned businesses as listed in BLACK ENTERPRISE magazine’s 40th annual BE100s report. The cornerstone of the publication’s June issue, this comprehensive analysis includes a total of 230 companies broken down into seven categories: industrial/service companies, auto dealers, advertising agencies, private equity firms, investments banks, banks, and asset management firms. As BLACK ENTERPRISE celebrates the 40th anniversary of its flagship roster, the list has become highly recognized as the most authoritative analysis and ranking of the nation’s most successful black companies.
The North Carolina companies ranked on the 2012 BE100s list are as follows:
Industrial/Service Companies (revenues in millions)
No. 34 Bobcats Sports & Entertainment Charlotte $100.000
No. 49 NDR Energy Group L.L.C. Charlotte $71.400
Auto Dealers (revenues in millions)
No. 6 Mills Automotive Group Smithfield $200.644
Financial Services Companies
Banks (assets in millions)
No. 9 M&F Bancorp Inc. Durham $301.458
(Mechanics & Farmers Bank)
Asset Managers (assets under management in billions)
No. 10 Piedmont Investment Advisors L.L.C. Durham $3.441
Black Enterprise develops rankings by collecting surveys from companies and gathering information from government agencies, professional organizations, industry associations, business information services, and corporations. The information includes totals for the 2011 calendar year, a detailed description of business activities, and confirmation that the entity is at least 51% black-owned, or that blacks own at least 51% of its controlling shares if the company is publicly traded.
The complete BE100s report, including eligibility requirements and criteria for each category, is available in the June issue of BLACK ENTERPRISE magazine on newsstands now.
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