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Public/Private Companies

SBA guaranty loan amounts surpass pre-recession levels

Business lending in Mississippi backed by the U.S. Small Business Administration ended the year in amounts higher than pre-recession 2007, the SBA reports. The agency backed more loans in 2007 — 623 — but the amount of those loans totaled $107 million, compared to fiscal 2012‘s $132.4 million. The SBA guaranteed 442 loans in the fiscal year that ended Sept. ...

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Duff Brothers, Southern Tire Mart on the grow and fast

Jim and Thomas Duff own five businesses, four of the top 100 largest private businesses in Mississippi; Southern Tire Mart, KLLM Transport Services, Forest Products Transports, T.L. Wallace Construction and Pine Belt Ford. All together, the companies employ 3,800 people, with revenues over $1.3 billion and are all headquartered in Mississippi. Southern Tire Mart landed at No. 3 on this ...

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Private business facing another year of cloudy fiscal outlook

It’s often been said it takes a lean dog to run a long race. And with that in mind, staying lean is a likely survival strategy for Mississippi’s private businesses heading into 2013. Even companies with fat cash reserves are keeping lean, preferring to horde their money until signs of an economic turnaround become clearer. They’ll stay that way until ...

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Some make first appearance

This year’s Mississippi 100 has many companies that are “veterans” of the ranking, all very familiar to regular followers of the Mississippi 100. However, each year a new crop appears on the list. Ronald Tubertini, president and CEO of Southgroup Insurance Services, was in Texas when he got the news that Southgroup had made the 2011 Mississippi 100 for the ...

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McAlister’s is this year’s biggest jumper

McAlister’s Deli started out in a converted gas station in Oxford in the early ‘90s, and has since grown into a powerhouse on the southeastern dining scene. The casual dining chain has opened 15 new locations in 2011, pushing its total number of locations over 300. That’s one reason why McAlister’s is this year’s biggest mover in the Mississippi Business ...

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KLLM remains Top 100 mainstay by finding new revenue streams

KLLM Transport Services, LLC has spent the past three years in the top 15 of the Mississippi Business Journal’s Top 100 list. The company has done it by adapting and diversifying. Two years ago, KLLM entered the intermodal market, putting its refrigerated trailers onto railcars, which offers a cheaper way to move freight. Jim Richard, CEO of the Jackson-based trucking ...

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Meredith Allen took over a year ago as CEO of Staplcotn, which is still the largest U.S. cotton marketing cooperative

Staplcotn President and CEO Meredith Allen has completed his first year leading the nation’s oldest cotton marketing cooperative which he says has been “Challenging, to say the least!” Allen, 59, took the reins of Staplcotn and Stapldiscount in September 2010, as Woods Eastland, with whom he had worked for more than 24 years, transitioned to board chairman. “It did seem ...

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Making of the Mississippi 100

Back in the early 1990s in an effort to improve the Mississippi 100 ranking of the state’s most successful private companies, a Mississippi Business Journal staffer went to the Eudora Welty Library in Jackson looking for research material. When asked for a good resource of privately held companies in the state, the librarian smiled broadly and said, “Oh, I have ...

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Finding upside in a down economy

A diverse lineup of companies navigated their way into this year’s Mississippi 100 listing. Some took well-traveled routes to reach the list while others found somewhat less conventional ways to get there. However, they all shared an inhospitable economic climate that added gravity to each decision and step along the way. Some Mississippi companies cut workforce or shut down some ...

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