Posted: October 01, 2013
2013 Top 250 Private Companies
Energy leader seizes No. 1By Gigi Sukin
In an interesting turn of events, the top four spots on the annual ColoradoBiz Top 250 Private Companies list were each knocked down a notch, as energy heavyweight DCP Midstream stole the top spot for 2013.
“Our company has grown tremendously since the recession,” said Wouter van Kempen, board chairman, president and CEO of DCP Midstream LLC, and CEO of DCP Midstream Partners LP, the publicly traded counterpart of the organization. “Last year we saw the largest organic capital deployment in our history – more than $2.5 billion in growth.”
Though DCP’s year-on-year revenue was down for 2012 by more than 20 percent, the Denver-based natural gas gatherer and processor’s roughly $10 billion revenues were still enough to knock engineering titan CH2M Hill down one spot and catapult DCP to No. 1.
“Growth in our industry is occurring throughout our footprint,” van Kempen said. “… and that is particularly true here in Colorado, where we are investing more than $1 billion. The Denver-Julesburg basin north of Denver continues to reinvent itself, and our customers are expanding there. We have a prominent position in the DJ Basin, where we own and operate seven natural gas processing plants, will soon have an eighth plant, and have more facilities under construction.”
The designation of highest year-over-year growth among firms at least three years old belonged to Denver’s Silver Bullet Water Treatment Co., making a first-time appearance on the list at No. 238. The five-year-old company provides an innovative commercial waer treatment solution without adding toxins, saving building owners time and money. Silver Bullet’s technology has been installed in the Denver Museum of Contemporary Art and the Oxford Hotel in downtown Denver.
Also worth noting is Venoco Inc., which took the No. 8 spot on the Top 250, and also appeared in June’s Top 100 Colorado-Based Public Companies list, ranking No. 49. The double showing from the independent energy company is thanks to shareholders’ “go-private” agreement with founder and executive chairman Timothy Marquez, who already owned more than 50 percent of the company.
Moreover, Denver-based Ping Identity declined to participate in the 2013 Private listing despite appearing last year in the No. 51 spot. The cloud-based identity management and security company has revealed plans for an IPO possibly as soon as next year.
Go here for the complete 2013 Top 250 Private Companies list.
*Note: Private companies’ rankings are based on self-reported revenues.
Gigi Sukin is an Associate Editor at ColoradoBiz. She can be reached at firstname.lastname@example.org.