17 Georgia companies among top-grossing black businesses

Seventeen Georgia companies rank among the nation’s top-grossing black-owned businesses, according to Black Enterprise magazine’s annual report.

A total of 230 companies nationwide made the list, broken into seven categories.

Georgia’s representatives, in order:

No. 16: H.J. Russell Co., Atlanta, $270 million in revenue.

No. 19: The Gourmet Cos., Atlanta, $205 million.

No. 46: C.D. Moody Construction Co., Lithonia, $76 million.

No. 59: Carter Brothers, Atlanta, $55 million.

No. 63: Jackmont Hospitality, Atlanta, $50 million.

No. 67: B & S Electric Supply Co., Atlanta, $42 million.

No. 90: TME Enterprises 1, Smyrna, $25 million.

Auto dealers are listed separately, and five Georgia businesses in this category also made the list:

No. 5: Wade Ford, Smyrna, $264 million.

No. 11: The Baran Co., Atlanta, $121 million.

No. 16: Legacy Automotive Group, McDonough, $92 million.

No. 28: Malcolm Cunningham Ford Lincoln, Atlanta, $58 million.

No. 34: Jackson Acura, Roswell, $48 million.

One advertising agency made the list: IMAGES USA, of Atlanta,  which ranked No. 3 with $25 million in revenue.

Two companies made the financial services category.

Citizens Bancshares of Atlanta with $397 million in revenue came in at No. 6, while Capital City Bank & Trust of Atlanta ranked No. 10 with $300 million in revenue.

Two businesses classified as asset managers also made the list.

EARNEST Partners of Atlanta ranked No. 2 with $19 million in revenue, while Herndon Capital Management ranked No. 5 with $5 million in revenue.

6 comments Add your comment


June 28th, 2012
10:44 am

Simple question. How many are sponsoring activities i.e., reading programs, sports programs, anti-drug initatives etc? I’d venture to say less than 10%. The communities where they live and profit from need their help.


June 28th, 2012
3:45 pm

This whole idea of a “black business” is idiotic and promotes racisim. They will not get any of my business.


June 28th, 2012
3:48 pm

Typo: racisim=racism


June 28th, 2012
5:46 pm

More than you think
The news papers only run stories on black people when “pookie” robs a liquor store

Not when HJ Russel Donates millions to kids for college.

I guess they think donating money to black kids to go to college is not “exciting” enough
compared to the crime on the streets of Atlanta..


June 28th, 2012
6:47 pm

Of course NONE ( of the wives) would ever consider being on Atlanta House Wives, to regal and classy.

History lesson

June 29th, 2012
8:21 am

H.J. Russell Co has a strong civic legacy from the civil rights era. Russell used their money to help pay the bail of many people arrested for civil disobedience. I am proud and inspired by the success of all of these businesses.