El Paso has a record 28 companies on the recently released list of the
500 largest Hispanic-owned businesses in the United States published by Hispanic
Business, an online magazine.
El Paso's 28 companies is second only to Miami's 57 companies, and is top among Texas cities.
Six of those companies also made the magazine's latest list of the 100 fastest-growing Hispanic-owned businesses in the United States -- a list released Monday.
The El Paso Hispanic Chamber of Commerce will honor the 28 companies at a public event Wednesday at Bravo Cadillac, 6555 Montana, from 5:30-8 p.m.
Bravo is No. 2 on the El Paso 28, and No. 71 on the national 500. It ranks 70th on the 100 fastest-growing list.
Related: The Billion Dollar Club
The fact that El Paso has such a large number of Hispanic-owned business in the 500 list shows the "entrepreneurial spirit in this community," said Cindy Ramos-Davidson, chief executive officer of the El Paso Hispanic Chamber of Commerce.
"This shows what businesses can do in our market," she said.
It continued to be easier to make the list this year as it was last year because the amount of annual revenue needed to make the list has declined. Also, companies voluntarily apply to be on the list, and some companies don't want to reveal financial information to the public.
"While some of the El Paso companies are on the lower end of the revenue threshold, there were still 21 of them that had $1 million or more in revenue in 2012, and eight over $10 million," reported Mike Caplinger, research supervisor for Hispanic Business magazine. "Those are solid numbers for any city."
The distance from the Hispanic 500's largest company to the smallest is huge.
No. 1 on the list -- Brightstar Corp., a Miami-based distributor and services provider for the wireless phone industry -- had 2012 revenues of $6.3 billion, and 5,500 employees. It has topped the Hispanic 500 five of the past six years.
Last on the list is Tracey's Tax Service of Elhorn, Wis., with 2012 revenues of $200,000 and nine employees.
El Paso's Kuzzy Industrial Supplier came in at No. 498. It also had $200,000 in 2012 revenue, and seven employees, Hispanic Business reported.
Fred Loya Insurance, a perennial member of the Hispanic Business 500, again led El Paso companies at No. 19. That's the same position it held last year even though the insurance company increased revenues in 2012 to $506.3 million, the magazine reported. It had 2,731 employees in 2012.
The company, which issues and sells auto insurance policies, is the 81st fastest Hispanic-owned business in the magazine's fastest-growing 100. Fred Loya's sales grew 45.5 percent over a five-year period.
LGA Trucking, No. 339 on the Hispanic 500, is 28th on the fastest-growing list, with a five-year sales growth of almost 158 percent, the magazine reported. Its 2012 revenues were $8.5 million.
Integrated Human Capital, an El Paso staffing agency, was just behind LGA on the fastest-growing list at No. 30. It had a five-year sales growth of almost 149 percent. Integrated's 2012 revenues were $32.4 million, which ranked it No. 157 on the Hispanic 500. It moved up from last year's 177th place on the 500 list. It is the third largest El Paso company listed on the Hispanic 500, behind Bravo.
Vic Kolenc may be reached at 546-6421.
El Paso companies on 2013 Hispanic 500, with ranking, 2012 revenue, employees:
-- 19.-- Fred Loya Insurance: (auto insurance), $506.3 million, 2,731 employees.
-- 71. Bravo Southwest: (Bravo Cadillac, Chevrolet dealerships), $102.9 million, 176.
-- 155.-- RM Personnel: (staffing agency) $33.22 million, 30.
-- 157.-- Integrated Human Capital: (staffing agency), $32.4 million, 32.
-- 195.-- dmDickason Personnel Services: (staffing agency) $22.2 million, 30.
-- 254. Jaco General Contractors: $15.0 million, 16.
-- 275. Miratek Corp.: (federal technology contractor) $13.2 million, 94.
-- 312. Thrifty Car Sales: (used car dealer), $10.3 million, 17.
-- 339.-- LGA Trucking: $8.5 million, 85.
-- 354. Mike Garcia Merchant Security: (security guards) $7.6 million, 200.
-- 402. Aztec Contractors: $4.3 million, 36.
-- 416. MFH Environmental Corp.: (environmental remediation), $3.5 million, 74.
-- 426.-- Milvian Solutions: (federal technology contractor) $2.9 million, 18.
-- 431. Five Star Automatic Fire Protection: $2.8 million, 32.
-- 436. American Packaging and Supply: $2.7 million, 5.
-- 437. Cesar-Scott Inc.: (cable,wire manufacturer), $2.6 million, 50.
-- 449. El Paso Sanitation Systems: $2.01 million, 23.
-- 451. Dynatec Scientific Laboratories: (biological testing), $2.0 million, 23.
-- 462. H.G. Arias & Associates: (staffing agency), $1.4 million, 21.
-- 464. Servepro of West El Paso: (water cleanup services), $1.2 million, 14.
-- 472. DataXport.Net: (document management), $1.0 million, 78.
-- 474. Arrow Discount Automotive: (used car dealer) $956,740, 8.
-- 479. Accurate Collision Center: $800,000, 8.
-- 480. Aseo Inc.: (Janitorial services), $800,000, 8.
-- 483. Paul Meza CPA: 684,000, 9.
-- 487. The Saucedo Co.: (locksmith), $483,500, 6.
-- 494. Encon International: (environmental engineering), $257,000, 20.
-- 498. Kuzzy Industrial Supplier: $200,000, 7.
--Also on 2013 HispanicBusiness Fastest-Growing 100.
(c)2013 the El Paso Times (El Paso, Texas)
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