Memphis, Tenn. - Memphis-based Crye-Leike, the nation's 10th largest real estate company and the largest serving Tennessee and the Mid-South, was ranked among the Top 100 largest closely held companies in Tennessee, based on their most recent year's revenue.
A recent statewide report, produced for the first time by Business Tennessee magazine of Nashville, Tenn., ranked Crye-Leike No. 80 among its list of the Top 100 Private Companies in Tennessee. This ranking was based on Crye-Leike generating $127 million in annual revenue in 2003, which represents $3.66 billion in sales of residential and commercial real estate from its 70 branch and franchise offices in Tennessee, Arkansas, Mississippi, Georgia, Kentucky and Florida.
Crye-Leike was the only company represented on the list that solely dealt in the real estate industry. Kemmons Wilson Cos. of Memphis ranked No. 32, with $340 million in annual revenue in 2003, specializing in hotels and real estate. And, Belz Enterprises of Memphis ranked No. 44 with $240 million in annual revenue in 2003, specializing in real estate development and management.
Out of the 100 companies represented in the report, 12 companies had annual revenues in excess of $1 billion, and all but one generated more than $100 million, stated Editor David A. Fox. "The Top 100 Private Companies list represents an impressive diversity of industries, which bodes well for the durability of the state's economy."
Crye-Leike (www.crye-leike.com), a full service real estate company for 27 years, has a network of over 3,000 sales associates and 75 branch and franchise offices located in 39 counties throughout a six-state southern region in Tennessee, Arkansas, Mississippi, Georgia, Kentucky and Florida. Crye-Leike has four regional hub offices located in Memphis, Nashville & Chattanooga in Tennessee and Little Rock, Arkansas.
Crye-Leike Ranked Among the Top 100 Private Companies in Tenn.
September 30, 2004