Mark Wert and Lee Ann Hamilton report:
In 2012, the 100 largest privately held companies in Greater Cincinnati and Northern Kentucky had a better than average year.
Sales rose 5.1 percent adjusted for inflation from 2011 to $32.3 billion – nearly a third of all goods and services produced in our 15-county region.
Put another way, sales revenues for the 100 companies outdid the gross domestic product in 2012 for the entire state of Wyoming, or the Middle East kingdom of Jordan.
Total sales growth also was slightly better than the average 3.9 percent bump reported for the 30 years that the Deloitte Cincinnati USA 100 list has been compiled.
The annual accounting by Deloitte ranks the region’s 100 largest privately held companies by annual sales revenue. Other partners in the project are the Cincinnati USA Regional Chamber, Great American Insurance and Enquirer Media.
For the first time, six Deloitte Cincinnati 100 companies reported revenues of more than $1 billion. In addition, 2012 was the first time that 25 companies reported more than $500 million in revenue.
AdvancePierre Foods again ranked as the largest company in the region, taking the No. 1 spot for a third year in a row. It reported revenue of $1.5 billion in 2012, up 7 percent from the year before.
Headquartered in West Chester, the company employs 3,800. It processes, bakes, assembles and distributes nearly 3,000 sandwiches, entrees and other products for restaurants, schools and homes nationwide.