SC Johnson & Son
I honestly thought this consumer products company company would rank higher than 29th on Forbes’ list of America’s largest private companies. With annual revenues of $9.4 billion, SC Johnson & Son is run by CEO Fisk Johnson, a fifth-generation family member.
Started as a parquet flooring company in 1886, its products include many household names. In fact, you’ll probably recognize more brands on its products list than you do for Procter & Gamble (PG). This would be a very popular IPO if the Johnson family ever decided to go public.
Unfortunately, with one of the heirs — Curt Johnson — facing 40 years in jail for sexual abuse of a minor, the family are likely eager to fly under the radar for the immediate future. The odds of an IPO are therefore slim to none.