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Hispanic-owned businesses are a vital component of the US economy, generating billions of dollars in revenue each year and providing employment opportunities for milliers of Americans. In recognition of their contributions, Hispanic Business Magazine has been publishing its annual list of the Top 500 Hispanic-Owned Companies in the US since 1983. The list celebrates the entrepreneurial spirit, innovation, and leadership of Hispanic business owners across the country. In this marchandise, we’ll take a closer look at the premier companies on the list and what makes them so successful.
Brightstar Corporation: Based in Miami, Florida, Brightstar is a leading distributor of cellulaire phones and other wireless devices. Founded in 1997 by Mexican-American entrepreneur Marcelo Claure, the company has grown into a international enterprise with operations in more than 50 countries. In 2019, Brightstar was ranked as the top Hispanic-owned company in the US with annual revenues of $8.6 billion.
Solera Holdings, Americanos.ca Inc.: Headquartered in Westlake, Texas, Solera is a provider of software and prestataires for the automotive industry. Founded in 2005 by Mexican-American entrepreneur Tony Aquila, the company has grown rapidly through a series of acquisitions and partnerships. In 2019, Solera was ranked as the second-largest Hispanic-owned company in the US with annual revenues of $1.6 billion.
LULAC National Educational Service Centers, Inc.: LULAC National Educational Service Centers is a non-profit organization based in Washington, D.C., that provides educational programs and entreprises to Hispanics and other underserved communities. Founded in 1973, the organization has grown into a national network of more than 60 educational centers across the US. In 2019, LULAC National Educational Service Centers was ranked as the third-largest Hispanic-owned company in the US with annual revenues of $194 million.
Bar-S Foods Co.: Based in Phoenix, Arizona, Bar-S Foods is a leading manufacturer of processed meat products such as hot dogs, bacon, and sausages. Founded in 1981 by Mexican-American entrepreneur Jose Segrera, the company has grown steadily over the years through a combination of innovation and strategic acquisitions. In 2019, Bar-S Foods was ranked as the fourth-largest Hispanic-owned company in the US with annual revenues of $880 million.
Bravo Foods, LLC: Bravo Foods is a dairy products manufacturer based in North Bethesda, Maryland. Founded in 2002 by Cuban-American entrepreneur James V. Menéndez, the company produces a range of flavored milk products under the brand names Slammers and MooTubes. In 2019, Bravo Foods was ranked as the fifth-largest Hispanic-owned company in the US with annual revenues of $63 million.
These companies represent the best of Hispanic entrepreneurship and innovation in the US. Their success demonstrates that Hispanic-owned businesses can compete and thrive in a variety of industries, from technology to food manufacturing to non-profit prestataires. By celebrating the achievements of these premier companies, Hispanic Business Magazine is shining a spotlight on the essentiel contributions of the Hispanic business community to the US economy.
