Top African-American Owned Businesses in the United States
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| Black Enterprise' s top 10 U.S. asset managers, 2005 | |||||||
| 2005 | 2004 | Company name | Location | Chief Executive | Began | Staff | Assests under management* |
| * In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Verified by Barge Consulting & the Securities and Exchange Commission. Reviewed by the certified public accounting firm Edwards & Co. | |||||||
| source: Securities and Exchange Commission. | |||||||
| 1 | 1 | Ariel Capital Management L.L.C. | Chicago, IL | John W. Rogers, Jr. | 1983 | 88 | 21,433.000 |
| 2 | 2 | Earnest Partners L.L.C. | Atlanta, GA | Paul E. Viera | 1998 | 35 | 13,934.000 |
| 3 | 3 | Rhumbline Advisers | Boston, MA | J. D. Nelson | 1990 | 15 | 10,307.000 |
| 4 | 4 | Brown Capital Management Inc. | Baltimore, MD | Eddie C. Brown | 1983 | 24 | 5,279.000 |
| 5 | 6 | Advent Capital Management L.L.C. | New York, NY | Tracy V. Maitland | 1995 | 40 | 3,848.000 |
| 6 | 5 | MDL Capital Management Inc. | Pittsburgh, PA | Mark D. Lay | 1992 | 32 | 2,821.000 |
| 7 | 10 | Holland Capital Management L.P. | Chicago, IL | Louis A. Holland | 1991 | 24 | 2,628.000 |
| 8 | 7 | NCM Capital Management Group Inc. | Durham, NC | Maceo K. Sloan | 1986 | 25 | 2,145.000 |
| 9 | 9 | The Edgar Lomax Group | Springfield, VA | Randall R. Eley | 1986 | 12 | 1,962.000 |
| 10 | 8 | Smith Graham & Co. Investment Advisors L.P. | Houston, TX | Gerald B. Smith | 1990 | 25 | 1,958.000 |
| Black Enterprise' s top 10 U.S. private equity companies, 2005 | |||||||
| 2005 | 2004 | Company name | Location | Chief Executive | Began | Staff | capital under management* |
| * In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004 Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co. | |||||||
| 1 | 1 | Fairview Capital Partners Inc. | Farmington, CT | Laurence C. Morse/Jo Ann H. Price | 1994 | 16 | 1,600.000 |
| 2 | 4 | Pharos Capital Group L.L.C. | Dallas, TX | Dale LeFebvre | 1998 | 14 | 350.000 |
| 3 | 5 | SYNCOM | Silver Spring, MD | Herbert P. Wilkins, Sr. | 1977 | 8 | 250.000 |
| 4 | 3 | Smith Whiley & Co. | Hartford, CT | Gwendolyn Smith Iloani | 1994 | 12 | 222.000 |
| 5 | 6 | Quetzal/J.P Morgan Partners | New York, NY | Reginald J. Hollinger/Lauren M. Tyler | 2000 | 4 | 170.000 |
| 6 | 7 | Provender Capital Group L.L.C. | New York, NY | Frederick O. Terrell | 1997 | 5 | 145.000 |
| 7 | 8 | Opportunity Capital Partners | Fremont, CA | J. Peter Thompson | 1993 | 8 | 135.000 |
| 8 | 9 | ICV Capital Partners L.L.C. | New York, NY | Willie Woods | 1999 | 10 | 130.000 |
| 9 | 10 | Black Enterprise Greenwich Street | New York, NY | Ed A. Williams | 1998 | 8 | 91.000 |
| Corporate Growth Management L.L.C. | |||||||
| 10 | — | United Enterprise Fund L.P. | New York, NY | John O. Utendahl/Jeffery Keys/Daniel Dean | 2000 | 5 | 41.000 |
| Black Enterprise' s top 10 U.S. auto dealers, 2005 | ||||||||
| 2005 | 2004 | Company name | Location | Chief Executive | Began | Staff | Sales* | Type of business |
| * In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co. Black Enterprise Top 10 Auto | ||||||||
| 1 | 1 | Prestige Automotive | Detroit, MI | Gregory Jackson | 1989 | 400 | 1,066.597 | Chevrolet, Pontiac, Ford, Saturn, Lincoln-Mercury, Buick, GMC Truck |
| 2 | 2 | March/Hodge Automotive Group | Hartford, CT | Tony March/Ernest M. Hodge | 1998 | 800 | 558.383 | GM, Toyota, Lexus, Honda, Infiniti, Volkswagen, Jaguar, Volvo |
| 3 | 3 | Martin Automotive Group | Bowling Green, KY | Cornelius A. Martin | 1985 | 706 | 382.445 | Cadillac, Dodge, Jeep, Chrysler, Kia |
| 4 | 4 | S. Woods Enterprises Inc. | Tampa, FL | Sanford L. Woods | 1989 | 354 | 343.556 | Dodge, Chrysler, Jeep, Toyota, Lexus, Honda, Hyundai, Chevrolet, Ford, Hummer, Saab |
| 5 | 5 | The Harrell Companies | Atlanta, GA | H. Steve Harrell | 1987 | 412 | 287.791 | Lexus, Nissan, Honda, Volvo, Kia, Hyundai |
| 6 | 7 | Boyland Auto Group | Orlando, FL | Dorian S. Boyland | 1987 | 380 | 241.630 | Dodge, Nissan, Ford, Honda, Mercedes-Benz |
| 7 | 6 | Family Automotive Group | San Juan Capistrano, CA | Raymond Dixon | 1993 | 320 | 206.518 | Ford, Toyota, Honda |
| 8 | 11 | Winston Pittman Enterprise | Louisville, KY | Winston R. Pittman, Sr. | 1988 | 235 | 167.578 | Dodge, Chrysler, Jeep, Toyota, Lexus, Scion, Nissan |
| 9 | 9 | Legacy Automotive Group | McDonough, GA | Emanuel D. Jones | 1992 | 220 | 162.000 | Ford, Toyota, Scion, Mercury |
| 10 | 10 | 32 Ford Mercury Inc. | Batavia, OH | Clarence F. Warren | 1990 | 130 | 161.388 | Ford, Lincoln-Mercury |
| Black Enterprise' s top 10 U.S. advertising companies, 2005 | |||||||
| 2005 | 2004 | Company name | Location | Chief Executive | Began | Staff | Billings* |
| * In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co. | |||||||
| 1 | 1 | Globalhue | Southfield, MI | Donald A. Coleman | 1988 | 180 | 400.000 |
| 2 | 2 | Carol H. Williams Advertising | Oakland, CA | Carol H. Williams | 1986 | 165 | 350.000 |
| 3 | 4 | UniWorld Group Inc. | New York, NY | Byron E. Lewis | 1969 | 117 | 220.798 |
| 4 | 3 | Burrell | Chicago, IL | Fay Ferguson/McGhee Williams | 1971 | 131 | 190.000 |
| 5 | 5 | Compas Inc. | Cherry Hill, NJ | Stanley R. Woodland | 1991 | 54 | 170.000 |
| 6 | 6 | Muse Communications | Los Angeles, CA | Jo Muse | 1995 | 50 | 60.000 |
| 7 | — | Fuse Inc. | St. Louis, MO | Clifford Franklin | 1997 | 22 | 53.396 |
| 8 | 7 | Equals Three Communications Inc. | Bethesda, MD | Eugene M. Faison, Jr. | 1984 | 40 | 50.000 |
| 9 | 10 | Matlock Advertising & Public Relations | Atlanta, GA | Kent Matlock | 1986 | 30 | 48.700 |
| 10 | 8 | Spike DDB | New York, NY | Dana Wade | 1997 | 45 | 45.000 |
| Black Enterprise' s top 10 U.S. banks, 2005 | ||||||||||
| 2005 | 2004 | Company name | Location | Chief Executive | Began | Staff | Assets* | Capital* | Deposits* | Loans* |
| * In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co. | ||||||||||
| 1 | 1 | Carver Federal Savings Bank | New York, NY | Deborah C. Wright | 1948 | 137 | 616.415 | 56.893 | 443.316 | 411.462 |
| 2 | 2 | One United Bank | Boston, MA | Kevin Cohee | 1982 | 126 | 478.590 | 30.214 | 329.229 | 391.430 |
| 3 | 6 | Liberty Bank and Trust Company | New Orleans, LA | Alden J. McDonald, Jr. | 1972 | 160 | 348.175 | 24.589 | 293.835 | 219.999 |
| 4 | 5 | Industrial Bank NA | Washington, DC | B. Doyle Mitchell, Jr. | 1934 | 165 | 333.496 | 25.816 | 274.387 | 157.890 |
| 5 | 3 | Citizens Trust Bank | Atlanta, GA | James E. Young | 1921 | 164 | 330.833 | 31.025 | 266.564 | 261.406 |
| 6 | 7 | City National | Newark, NJ | Louis E. Prezeau | 1973 | 96 | 325.103 | 20.080 | 280.863 | 159.359 |
| 7 | 4 | Seaway National Bank | Chicago, IL | Walter E. Grady | 1965 | 250 | 322.144 | 30.230 | 276.476 | 163.602 |
| 8 | 8 | Broadway Federal Bank FSB | Los Angeles, CA | Paul C. Hudson | 1947 | 61 | 276.067 | 19.444 | 197.184 | 252.518 |
| 9 | 10 | The Harbor Bank of Maryland | Baltimore, MD | Joseph Haskins, Jr. | 1982 | 82 | 234.979 | 23.029 | 210.224 | 172.205 |
| 10 | 9 | M&F Bank | Durham, NC | Lee Johnson, Jr. | 1907 | 97 | 230.541 | 20.340 | 189.059 | 170.779 |
| Black Enterprise' s top U.S. insurance companies, 2005 | ||||||||
| 2005 | 2004 | Company name | Location | Chief Executive | Began | Staff | Assets* | Insurance in force* |
| * In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co. | ||||||||
| 1 | 1 | North Carolina Mutual Life Insurance Co. | Durham, NC | James H. Speed, Jr. | 1898 | 147 | 161.207 | 14,372.304 |
| 2 | 2 | Golden State Mutual Life Insurance Co. | Los Angeles, CA | Larkin Teasley | 1925 | 250 | 112.836 | 2,842.000 |
| 3 | 3 | Atlanta Life Financial Group | Atlanta, GA | Ronald D. Brown | 1905 | 30 | 76.389 | 11,809.837 |
| 4 | 4 | Booker T. Washington Insurance Co. | Birmingham, AL | Walter Howlett, Jr. | 1931 | 85 | 56.209 | 1,382.784 |
| 5 | — | Williams-Progressive Life &Accident Insurance Co. | Opelousas, LA | Patrick Fontenot | 1947 | 44 | 10.366 | 35.158 |
| Black Enterprise' s top 10 U.S. investment banks, 2005 | |||||||
| 2005 | 2004 | Company name | Location | Chief Executive | Began | Staff | Total managed issues* |
| * In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co. | |||||||
| 1 | 1 | The Williams Capital Group L.P. | New York, NY | Christopher J. Williams | 1994 | 58 | 122.318 |
| 2 | 2 | Blaylock & Partners L.P. | New York, NY | Ronald E. Blaylock | 1993 | 70 | 109.329 |
| 3 | 3 | Loop Capital Markets L.L.P. | Chicago, IL | James Reynolds, Jr. | 1997 | 80 | 83.753 |
| 4 | 5 | Utendahl Capital Partners L.P. | New York, NY | John Oscar Utendahl | 1992 | 29 | 29.299 |
| 5 | 4 | Siebert Brandford Shank & Co. L.L.C. | Oakland, CA | Suzanne Shank | 1996 | 45 | 50.957 |
| 6 | 6 | M. R. Beal & Co. | New York, NY | Bernard B. Beal | 1988 | 35 | 45.325 |
| 7 | 7 | Jackson Securities L.L.C. | Atlanta, GA | Reuben R. McDaniel III | 1987 | 30 | 36.425 |
| 8 | 9 | SBK-Brooks Investment Corp. | Cleveland, OH | Eric L. Small | 1993 | 20 | 14.500 |
| 9 | 10 | Rice Financial Products Co. | New York, NY | J. Donald Rice, Jr. | 1987 | 26 | 12.388 |
| 10 | — | Powell Capital Markets Inc. | Roseland, NJ | Arthur F. Powell | 1990 | 5 | 2.982 |
| Black Enterprise' s top 10 U.S. industrial/service companies, 2005 | ||||||||
| 2005 | 2004 | Company name | Location | Chief Executive | Began | Staff | Sales* | Type of business |
| * In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co. (1) Publicly traded company. Majority ownership of voting class stock is held by African Americans. | ||||||||
| 1 | 1 | World Wide Technology Inc. | St. Louis, MO | David Steward | 1990 | 620 | 1,400.00 | IT systems integrator, supply chain services of IT products |
| 2 | 2 | CAMAC International Inc. | Houston, TX | Kase Lawal | 1986 | 1,300 | 987.000 | Crude oil and gas exploration, production, and trading |
| 3 | 22 | Bridgewater Interiors L.L.C. | Detroit, MI | Ronald E. Hall | 1998 | 1,100 | 645.309 | Car seat and overhead systems manufacturer |
| 4 | 3 | Act-1 Group | Torrance, CA | Janice Bryant Howroyd | 1978 | 300 | 622,729 | Staffing and professional services |
| 5 | 4 | Johnson Publishing Co. | Chicago, IL | Linda Johnson Rice/John H. Johnson | 1942 | 1,699 | 498.224 | Publishing, TV productions, and cosmetics |
| 6 | 5 | The Philadelphia Coca-Cola Bottling Co. | Philadelphia, PA | L. Bruce Llewellyn | 1985 | 1,900 | 450.000 | Bottling and distributing soft drinks |
| 7 | 10 | Converge | Peabody, MA | Dale LeFebvre/Frank Cavallaro | 2002 | 283 | 390.000 | Distributor of semiconductors and computer products |
| 8 | 6 | Barden Cos. Inc. | Detroit, MI | Don H. Barden | 1981 | 4,055 | 372.000 | Casino gaming, real estate development, and international trade |
| 8 | 7 | The Bing Group | Detroit, MI | Dave Bing | 1980 | 1,414 | 372.000 | Steel processing, steel stamping, full seat assembly, mirror assembly |
| 10 | 8 | Radio One Inc.1 | Lanham, MD | Alfred C. Liggins III | 1980 | 1,750 | 363.982 | Radio broadcasting and other media businesses |
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Top African-American Owned Businesses in the United States
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