Truman Arnold Roars Back to Top of Private Companies List

by Gwen Moritz  on Monday, May. 23, 2011 12:00 am  

Introducing
HealthScope Benefits, a third-party insurance administrator for self-insured businesses, filled one of those vacant spots. Its 2010 revenue of $65.1 million was an increase of 22.2 percent over 2009, and the company announced last week that it would be hiring an additional 50 employees - a sure sign of continued growth in 2011.
Filling the other voids are:

  • RLJ McLarty Landers Automotive, a nearly $900 million automotive retailer that debuts at No. 10 and undoubtedly should have been on the list for several years.
  • Everett Buick Pontiac GMC of Bryant, another beneficiary of consolidation in the automotive industry, which enters the list at No. 43 with $203.1 million in 2010 revenue; and
  • Northwest Oil Co. of Fayetteville, which tied for No. 66 with revenue estimated at $100 million.

Swan Song
One company is making its final appearance on the private companies list: Forrest City Grocery Co., which ranks 15th this year.

The company, owned by the Cohn family of Forrest City, announced in April that the bulk of the company, the wholesale grocery business, would be sold to publicly traded Core-Mark Holding Co. Inc. of South San Francisco, Calif.

Allen Cohn, vice president of Forrest City Grocery, said the sale, which is expected to close this summer, did not include two subsidiaries, Tobacco Superstores and Memphis Cash & Carry. Cohn said he would own and operate both those businesses.

In announcing the deal, Core-Mark said the wholesale grocery business generated about $540 million in annual revenue. Forrest City Grocery reported revenue of $725 million in 2009 (and declined to reveal its 2010 revenue), suggesting that the remaining subsidiaries might be large enough to be on future lists of the state's largest private companies.

Forrest City Grocery President David J. Cohn is gravely ill with ALS (Lou Gehrig's disease), Allen Cohn told Arkansas Business last month.

 

 

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