Three Oklahoma companies make Forbes list of private companies

Love's, QuikTrip and Hobby Lobby were named to the 2013 Forbes list of largest privately held companies.
From Staff Reports Published: December 21, 2013

Three Oklahoma companies have made the latest Forbes magazine ranking of the largest private companies in America.

Love's Travel Stops & Country Stores came in at No. 9, while Tulsa's QuikTrip Corp. made the list at No. 30. Hobby Lobby Stores, of Oklahoma City, was No. 136.

The 2013 list of the 224 largest private companies includes only those with revenue greater than $2 billion. Revenue was measured through the end of the most recent fiscal year.

Forbes estimated Love's annual revenue at $26 billion. The company has more than 300 stores across the country. It employs more than 10,000 people, including 700 at its corporate headquarters in The Village. Love's opened a new office building there in October and recently paid Chesapeake Energy Corp. $24.25 million for three office buildings at NW 63 and Lake Hefner Parkway in Oklahoma City, property records show.

Founded in 1958, QuikTrip today operates in 11 states and next year plans to open its 700th store. As of this month, QuikTrip had $11.2 billion in sales, according to Forbes. The company employs more than 13,300 people and has 500 employees in Tulsa. It recently broke ground on an expansion to its headquarters that will house another 200 corporate and support employees.

“I think what it shows us internally is that the emphasis on continuing to build new stores in new markets and to continually change our model and adapt is that it always pays in huge dividends,” said Mike Thornbrugh, a QuikTrip spokesman. “We've been very lucky and very successful.

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