{"id":35493,"date":"2026-05-21T17:18:37","date_gmt":"2026-05-22T00:18:37","guid":{"rendered":"https:\/\/essential.construction\/news\/bechtel-hitt-among-largest-family-owned-businesses-in-us-forbes\/"},"modified":"2026-05-21T17:18:37","modified_gmt":"2026-05-22T00:18:37","slug":"bechtel-hitt-among-largest-family-owned-businesses-in-us-forbes","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/bechtel-hitt-among-largest-family-owned-businesses-in-us-forbes\/","title":{"rendered":"Bechtel, HITT among largest family-owned businesses in US: Forbes"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"text-to-speech\">\n    <button class=\"text-to-speech__button button\"><br \/>\n        <img decoding=\"async\" class=\"text-to-speech__button__icon\" src=\"https:\/\/www.constructiondive.com\/static\/img\/play.svg?313321260226\" alt=\"-\"><br \/>\n        Listen to the article<\/p>\n<p>            <span class=\"text-to-speech__button__audio-length\">2 min<\/span><\/p>\n<p>    <\/button><\/p>\n<div class=\"text-to-speech__controls\">\n        <audio controls=\"\" class=\"js-text-to-speech\" preload=\"none\"><source src=\"https:\/\/text-to-speech.divecdn.com\/newspost\/820693\/2026-05-21_10.17.19\/bechtel-hitt-family-owned-large-construction-firms.wav\" type=\"audio\/mp3\"><\/source><\/audio><\/p>\n<div class=\"text-to-speech__controls__text\">\n            This audio is auto-generated. Please let us know if you have <a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/contact\/\" target=\"_blank\">feedback<\/a>.\n        <\/div>\n<\/p><\/div>\n<\/div>\n<p><span><span><span><span><span><span>More than one-fifth of the <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.forbes.com\/lists\/largest-family-businesses\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>100 largest family-owned businesses in the U.S.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> are construction or construction-adjacent firms, according to Forbes.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The inaugural list, released in recognition of the United States\u2019 upcoming 250th anniversary this summer, includes major general contractors such as Reston, Virginia-based Bechtel and Falls Church, Virginia-based HITT Contracting. It also features Atlanta-based cement manufacturer Quikrete; Eighty Four, Pennsylvania-based building supply giant 84 Lumber; and Willow Grove, Pennsylvania-based utility and landscape contractor Asplundh Tree Expert.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Many of these 21 construction-related companies have long histories \u2014 Bechtel, for example, was founded in 1898, and HITT in 1937. Meanwhile, Atlanta-based Holder Construction is a relative youngster, founded in 1960.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>They share the list with American business royalty, such as Walmart\u2019s Walton family, the descendents of Henry Ford and the heirs of the Marriott fortune.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>To identify what constitutes a family business, Forbes spoke with experts to determine criteria. Ultimately, it excluded businesses with living founders unless they co-founded the company with a parent; no companies run only by first-generation founders were included.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>For private companies, most featured over 50% family ownership. Public companies needed to meet a threshold of 10% family ownership with members in C-suite roles.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Read below to see where construction and building industry-related firms ranked.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<div class=\"editorial-table\">\n<h6>The largest family-owned construction-related firms<\/h6>\n<table>\n<thead>\n<tr>\n<th>Rank<\/th>\n<th>Name<\/th>\n<th>Revenue<\/th>\n<th>Ownership Family<\/th>\n<th>Location<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>15<\/td>\n<td>Lennar<\/td>\n<td>$34.2 billion\u00a0<\/td>\n<td>Miller<\/td>\n<td>Miami, Florida<\/td>\n<\/tr>\n<tr>\n<td>20<\/td>\n<td>Bechtel<\/td>\n<td>$23 billion<\/td>\n<td>Bechtel<\/td>\n<td>Reston, Virginia<\/td>\n<\/tr>\n<tr>\n<td>23<\/td>\n<td>ABC Supply<\/td>\n<td>$20.2 billion<\/td>\n<td>Hendricks<\/td>\n<td>Beloit, Wisconsin<\/td>\n<\/tr>\n<tr>\n<td>39<\/td>\n<td>HITT Contracting<\/td>\n<td>$13.1 billion<\/td>\n<td>Hitt\/Millar<\/td>\n<td>Falls Church, Virginia<\/td>\n<\/tr>\n<tr>\n<td>43<\/td>\n<td>Quikrete<\/td>\n<td>$12 billion<\/td>\n<td>Winchester<\/td>\n<td>Atlanta, Georgia<\/td>\n<\/tr>\n<tr>\n<td>44<\/td>\n<td>Westlake Chemical Corp.<\/td>\n<td>$11.2 billion<\/td>\n<td>Chao<\/td>\n<td>Houston, Texas<\/td>\n<\/tr>\n<tr>\n<td>48<\/td>\n<td>Mortenson<\/td>\n<td>$10.9 billion<\/td>\n<td>Mortenson<\/td>\n<td>Minneapolis, Minnesota<\/td>\n<\/tr>\n<tr>\n<td>49<\/td>\n<td>Standard Industries<\/td>\n<td>$10.7 billion<\/td>\n<td>Millstone-Winter-Heyman Families<\/td>\n<td>New York City, New York<\/td>\n<\/tr>\n<tr>\n<td>56<\/td>\n<td>Southwire<\/td>\n<td>$9.3 billion<\/td>\n<td>Richards<\/td>\n<td>Carrollton, Georgia<\/td>\n<\/tr>\n<tr>\n<td>61<\/td>\n<td>Gilbane<\/td>\n<td>$8.7 billion<\/td>\n<td>Gilbane<\/td>\n<td>Providence, Rhode Island<\/td>\n<\/tr>\n<tr>\n<td>65<\/td>\n<td>Holder Construction<\/td>\n<td>$8.5 billion<\/td>\n<td>Holder<\/td>\n<td>Atlanta, Georgia<\/td>\n<\/tr>\n<tr>\n<td>69<\/td>\n<td>JE Dunn Construction Group<\/td>\n<td>$8 billion<\/td>\n<td>Dunn<\/td>\n<td>Kansas City, Missouri<\/td>\n<\/tr>\n<tr>\n<td>69<\/td>\n<td>Walsh Group<\/td>\n<td>$8 billion<\/td>\n<td>Walsh<\/td>\n<td>Chicago, Illinois<\/td>\n<\/tr>\n<tr>\n<td>78<\/td>\n<td>Asplundh Tree Expert<\/td>\n<td>$6.7 billion<\/td>\n<td>Asplundh<\/td>\n<td>Willow Grove, Pennsylvania<\/td>\n<\/tr>\n<tr>\n<td>82<\/td>\n<td>Walbridge<\/td>\n<td>$6.2 billion<\/td>\n<td>Rakolta<\/td>\n<td>Detroit, Michigan<\/td>\n<\/tr>\n<tr>\n<td>82<\/td>\n<td>Zachry Group<\/td>\n<td>$6.2 billion<\/td>\n<td>Zachry<\/td>\n<td>San Antonio, Texas<\/td>\n<\/tr>\n<tr>\n<td>86<\/td>\n<td>Kohler<\/td>\n<td>$6 billion<\/td>\n<td>Kohler<\/td>\n<td>Kohler, Wisconsin<\/td>\n<\/tr>\n<tr>\n<td>89<\/td>\n<td>84 Lumber<\/td>\n<td>$5.9 billion<\/td>\n<td>Hardy<\/td>\n<td>Eighty Four, Pennsylvania<\/td>\n<\/tr>\n<tr>\n<td>93<\/td>\n<td>The Yates Companies<\/td>\n<td>$5.6 billion<\/td>\n<td>Yates<\/td>\n<td>Philadelphia, Mississippi<\/td>\n<\/tr>\n<tr>\n<td>95<\/td>\n<td>Consolidated Electrical Distributors<\/td>\n<td>$5.5 billion<\/td>\n<td>Colburn<\/td>\n<td>Irving, Texas<\/td>\n<\/tr>\n<tr>\n<td>98<\/td>\n<td>Crown Equipment<\/td>\n<td>$5.3 billion<\/td>\n<td>Dicke<\/td>\n<td>New Bremen, Ohio<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"editorial-table-source\">SOURCE: Forbes<\/p>\n<\/div><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructiondive.com\/news\/bechtel-hitt-family-owned-large-construction-firms\/820693\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Listen to the article 2 min This audio is auto-generated. 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More &#8230; <a title=\"Bechtel, HITT among largest family-owned businesses in US: Forbes\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/bechtel-hitt-among-largest-family-owned-businesses-in-us-forbes\/\" aria-label=\"Read more about Bechtel, HITT among largest family-owned businesses in US: Forbes\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[],"class_list":["post-35493","post","type-post","status-publish","format-standard","hentry","category-construction-dive","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/35493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=35493"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/35493\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=35493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=35493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=35493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}