Celebrating New Mexico's private-sector successes - Albuquerque Journal

Celebrating New Mexico’s private-sector successes

Need a meeting planner, a museum installation or a bottle of merlot?

On the market for a new house, a new car or a diamond ring?

The companies on this year’s New Mexico Private 100 have you covered.

This year’s list – now in its 19th year – once again highlights the diverse nature of New Mexico’s privately held companies. It’s a lineup that includes, for example, a research firm that studies U.S. military weapons, as well as a coffee-roasting company that helps satisfy the country’s caffeine cravings.

This year’s honorees represent the health care, technology and manufacturing sectors, the construction, restaurant and insurance industries, and many other fields.

They also represent a combined $3.9 billion in annual revenue and more than 10,027 jobs around the state.

To celebrate those contributions, Bank of America Merrill Lynch, Moss Adams LLP, the Modrall Sperling law firm and the Journal’s Business Outlook have again united to sponsor the New Mexico Private 100 program.

“The success of our community depends upon the vitality of our private-business sector,” said Lynn Slade, marketing partner at Modrall Sperling. “These are the people that support the well-being of our community.”

The New Mexico Private 100 originated in 1988 and resumed in 2012 after an eight-year break. Companies apply for the recognition and the 100 with the highest revenue make the list.

“I continue to be amazed at the diversity of the industries represented and the kinds of businesses (on it), and some of the geographic diversity,” said Steven Keene, managing partner for Moss Adams in Albuquerque.

Most call Albuquerque home, but members also come from Rio Rancho, Santa Fe, Hobbs, Deming and more.

“You just look at the quality of the companies on the list and you’re not only happy for them to be on the list, but you’re really impressed with the abilities they have to serve the people of New Mexico,” said Michael Rodriguez, market president for Bank of America Merrill Lynch in New Mexico.

Some honorees are stalwarts: Bradbury Stamm Construction, Jaynes Corp., Los Alamos Technical Associates and Sisbarro Dealerships have been part of all 19 editions of the list. Some, however, weren’t even around when the program started. In fact, 25 were established in 2000 or later.

Slade said he recognizes most of the 100 companies – more than a quarter have been Modrall Sperling clients – but others are unfamiliar.

“I guess that could surprise me, but I guess it reflects that we have a growing and evolving business community,” he said.

The name topping this year’s list should surprise no one: Akal Security ranks as the New Mexico Private 100’s highest-revenue company for the third straight year. While its approximately 7,000-person workforce is spread around the country – guarding courthouses, federal government buildings and other facilities – CEO Matt Branigan said New Mexico provided the foundation for Akal’s continued success.

“A lot of what we have, we owe to the fact we were able to build this in New Mexico, and we’re very, very proud of that,” Branigan said.

Government contractors, such as Akal, have 11 spots on this year’s list, but the construction/real estate category figures even more prominently – 23 made the cut this year, led by Albuquerque-based Jaynes Corp.

For Jaynes Chairman and CEO Rick Marquardt, charting as one of the list’s highest-revenue companies matters mostly because it reflects hundreds of jobs. Though it’s still below its pre-recession staffing levels, Jaynes currently has about 280 employees statewide.

“It’s nice to be a supporting member of the community and being able to supply some jobs to some folks,” Marquardt said. “That’s really it.”

Dreamstyle Remodeling, another honoree from the construction/real estate category, has expanded into Arizona and Southern California as part of its phenomenal growth in the last seven years. But its headquarters and about half of its 250 employees remain in New Mexico, where President Larry Chavez said he intends to stay.

“Being a native, this is where I want to live and work,” he said. “For our type of business, there are alternatives – we could headquarter in any of the markets we’re in – but we’ve found our workforce to be reliable, committed and motivated here.”

Home » Business » Outlook » Celebrating New Mexico’s private-sector successes

Insert Question Legislature form in Legis only stories




Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email yourstory@abqjournal.com

taboola desktop

ABQjournal can get you answers in all pages

 

Questions about the Legislature?
Albuquerque Journal can get you answers
Email addresses are used solely for verification and to speed the verification process for repeat questioners.
1
After a massive growth spurt, big tech is cutting ...
Careers/Jobs
The tech industry started the year ... The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn't appear to be any ...
2
Stocks slip as worries about high rates weigh on ...
Most Recent Biz News
NEW YORK (AP) -- Wall Street ... NEW YORK (AP) -- Wall Street is slipping on Monday, adding to losses from the end of last week on worries about higher interest ...
3
National Enquirer, caught in 'catch-and-kill' scandal, sold
Most Recent Biz News
The National Enquirer, the scandal-plagued tabloid ... The National Enquirer, the scandal-plagued tabloid that engaged in 'catch-and-kill' practices to bury stories about Donald Trump during his presidential campaign, has been sold. ...
4
Asian stocks sink after US jobs data fan rate ...
Most Recent Biz News
BEIJING (AP) -- Asian stock markets ... BEIJING (AP) -- Asian stock markets sank Monday after strong U.S. jobs data fanned fears of more interest rate hikes to cool inflation. Shanghai, ...
5
How will EU ban and West's price cap on ...
Energy
FRANKFURT, Germany (AP) -- The European ... FRANKFURT, Germany (AP) -- The European Union is taking another big step toward cutting its energy ties with Russia. The 27-nation bloc is banning ...
6
Congress vs. kindergarten? One has adult supervision
Business
Later this month I will visit ... Later this month I will visit Washington D.C. for a conference. I hope to go to some museums while I ...
7
The nitty gritty of Roth IRA conversions
ABQnews Seeker
Roth IRAs offer many benefits over ... Roth IRAs offer many benefits over traditional IRAs. I have written previous articles, encouraging readers to build their Roth IRAs through contributions or conversions. ...
8
Laguna Pueblo starts work on affordable housing project
ABQnews Seeker
The Laguna #3 affordable housing development, ... The Laguna #3 affordable housing development, which is set to complete in mid-2024, will be able to house 20 families.
9
'More like a home' than a hospital: Presbyterian's new ...
ABQnews Seeker
Departments and floors of the $170 ... Departments and floors of the $170 million tower will be opening on a weekly basis over the next two months.