The Mississippi Enterprise Journal has put collectively profiles of the most important personal firms within the state for 2022, primarily based on annual revenues.
Ergon Inc.
Ergon Inc. is a privately owned firm primarily based in Jackson. The corporate, based by Leslie Lampton in 1954 with two workers, refines and distributes petroleum merchandise and serves prospects in over 90 nations.
Flowood-based Ergon Inc. is a bunch of privately-held firms that dates again to its founding by Lampton in 1954 as a petroleum firm with two workers. It now employs greater than 3,000 and operates internationally as a diversified group in six enterprise segments: refining and advertising and marketing, specialty chemical compounds, asphalt and emulsion, oil and fuel, midstream and logistics and development and actual property.
Ergon made a number of main bulletins throughout 2022 most not too long ago naming a brand new chief. In October, the board of administrators introduced that Kris Patrick had been named president and chief government officer changing retiring Emmett Haddox, who had served within the high place since 2016. Haddox continues to function a member of the board.
Patrick has been with the corporate for 22 years in numerous positions, most not too long ago as chief working officer since 2018.
“Kris’ expertise with all aspects of Ergon, coupled together with his sturdy administration and management abilities, make him the proper candidate for this position,” mentioned Tom Amonett, Ergon chairman of the board. “The Lampton household and the Board have little question that Kris’ need to honor Ergon’s historical past whereas specializing in innovation and increasing alternatives will take this world group to even higher heights.”
Additionally throughout 2022, Ergon introduced that its Course of Oils Inc. and Cross Oil Refining & Advertising and marketing Inc. entered into an settlement that Course of Oils will function the unique marketer and vendor of Cross Oil’s oils produced from Martin Working Partnership’s Smackover, Ark., refinery.
Officers mentioned, “Along with increasing the attain of Cross merchandise to new prospects, this settlement with Course of Oils gives further technical experience, sources and an expanded logistics community which we imagine will likely be of nice profit to our prospects.”
In August, Ergon Asphalt & Emulsions Inc. merged with Blueknight Power Companions. “The acquisition of the most important unbiased asphalt terminaling community within the nation additional strengthens Ergon’s long-standing place because the trade’s useful resource chief. The Blueknight property stay a key element of our total technique and progress plan,” mentioned Baxter Burns, president of Ergon.
Additionally this 12 months, Ergon Asphalt & Emulsions bought Sumter Coatings Inc., a frontrunner within the paint and coatings trade since its founding in 1996.
“We’re excited in regards to the alternatives to assist Sumter Coatings’ progress and to convey a broader vary of commercial coating merchandise to ErgonArmor prospects,” mentioned Christine Osborne, vice chairman of gross sales and advertising and marketing for ErgonArmor.
The Yates Corporations Inc.
Philadelphia-based Yates Development was integrated in 1964 by William Yates Jr. and is a part of The Yates Corporations, which ranks among the many high development providers suppliers within the nation, serving purchasers nationally and internationally.
The Yates portfolio covers various tasks in sectors together with arts and tradition, civil, industrial, schooling, leisure and gaming, federal, healthcare, hospitality, manufacturing, municipal, retail, and know-how.
In recent times, Yates has ranked among the many high 50 suppliers in all supply strategies and ranks because the #1 Mississippi Contractor by Engineering Information-File.
The Yates Corporations earned the highest rating among the many nation’s high 25 on line casino contractors and development administration companies for 2022, in response to Constructing Design+Development’s 2022 Giants 400 Report. The publication listed Yates’ 2021 income at $185,906,000.
Yates Development final 12 months broke floor on the Jim and Thomas Duff Heart for Science and Expertise Innovation at Ole Miss. The 202,000-square-foot constructing is claimed to be the most important single development challenge within the college’s historical past.
Of the challenge, CEO William Yates mentioned, “As the most important contractor in Mississippi and having constructed many services on the campus, we stay up for a profitable partnership and seeing the great affect this challenge can have on the College and the State of Mississippi.”
Southern Tire Mart
Southern Tire Mart, headquartered in Columbia, is the most important industrial tire dealership and retread producer in North America. In keeping with the corporate, it operates 17 Bandag manufacturing services with greater than 120 retail/industrial/service areas situated in 14 states.
Fashionable Tire Supplier, an trade publication, reported that Southern Tire Mart not too long ago added virtually 40 areas with its latest acquisitions of Phoenix, Ariz.-based Redburn Tire Co. and 26 Bridgestone Americas Inc.-owned GCR Tires & Service areas.
The Redburn acquisition contains 12 areas in Phoenix, Mesa, Tucson, Flagstaff, Prescott Valley, Kingman and Yuma, Ariz.; Commerce Metropolis and Greeley, Colo.; Farmington and Albuquerque, N.M.; and a location in New Mexico that’s close to El Paso, Texas, in response to MTD
The GCR acquisitions are in Colorado and Utah — two new states for Southern Tire Mart — plus Nevada and northern California, MTD posted
Southern Tire Mart has had a location in Las Vegas, Nevada, for greater than 10 years and moved into southern California final 12 months.
Southern Tire Mart’s house owners, Jim and Tommy Duff, had been named MTD’s Tire Supplier of the Yr Award recipients in 2021.
Irby Inc.
Irby Inc. was based in 1926, within the earliest days of the electrical age with the purpose of bringing infrastructure to the agricultural South. At the moment Irby is {an electrical} provide distributor offering complete electrical options with areas in Mississippi, Alabama, Arkansas, Florida, Louisiana, Oklahoma, Tennessee and Texas.
Through the years since its begin within the rural South, Irby has grown and expanded steadily offering a broad number of electrical merchandise wanted to energy an ever-expanding nation. Irby is now thought-about one of many nation’s main distributors {of electrical} merchandise and associated providers.
Irby gives merchandise utilized in all industrial, oil and fuel, and industrial & residential contractor purposes, together with wire and cable, lighting, retro-fits for vitality financial savings, and all rough-in supplies and gadgets.
Worth-added providers together with logistics administration, vitality audits, job trailers and automation assist, custom-made e-commerce portals, and full built-in provide capabilities.
Irby Utilities provides an entire portfolio of merchandise from the trade’s main producers. Irby Utilities gives its merchandise, providers and options in all utility enterprise segments — distribution, transmission, substation, era and renewable vitality.
Irby is a member of the Sonepar Group, the world’s largest privately-held electrical distributor. Sonepar is an unbiased family-owned firm with world market management in B-to-B distribution {of electrical} merchandise, options and associated providers.
Southern Farm Bureau Life Insurance coverage Inc.
The primary coverage issued by Southern Farm Bureau Life Insurance coverage Inc. was in 1947. The next 12 months the corporate started sharing workplace house with Mississippi Farm Bureau Federation in downtown Jackson. That very same 12 months, it paid its first declare on a coverage issued to a resident of Alabama within the quantity of $5,000.
The corporate held a gala “Billion Greenback Celebration” in 1964 when it exceeded $1 billion of life insurance coverage in power. One other celebration was held in 1994 when it reached the $30 billion of life insurance coverage in power and $4 billion in property. By 2018, Southern Farm Bureau Life reached the $150 billion milestone.
Its merchandise embrace time period and life insurance coverage in addition to fastened annuities and enterprise insurance coverage.
At the moment the corporate operates in 11 states, has 3,764 brokers and has 1,250,000 insurance policies in power.