Bechtel, HITT among largest family-owned businesses in US: Forbes

An article from
site logo

Construction, cement and material supply firms landed on the inaugural list from Forbes.


Published May 21, 2026

A large gray-ish stone building looms in the foreground. A red circle with the name


Bechtel’s headquarters in Reston, Va.


Permission granted by Bechtel

This audio is auto-generated. Please let us know if you have feedback.

More than one-fifth of the 100 largest family-owned businesses in the U.S. are construction or construction-adjacent firms, according to Forbes.

The inaugural list, released in recognition of the United States’ 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.

Many of these 21 construction-related companies have long histories — Bechtel, for example, was founded in 1898, and HITT in 1937. Meanwhile, Atlanta-based Holder Construction is a relative youngster, founded in 1960.

They share the list with American business royalty, such as Walmart’s Walton family, the descendents of Henry Ford and the heirs of the Marriott fortune.

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.

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.

Read below to see where construction and building industry-related firms ranked.

The largest family-owned construction-related firms
RankNameRevenueOwnership FamilyLocation
15Lennar$34.2 billion MillerMiami, Florida
20Bechtel$23 billionBechtelReston, Virginia
23ABC Supply$20.2 billionHendricksBeloit, Wisconsin
39HITT Contracting$13.1 billionHitt/MillarFalls Church, Virginia
43Quikrete$12 billionWinchesterAtlanta, Georgia
44Westlake Chemical Corp.$11.2 billionChaoHouston, Texas
48Mortenson$10.9 billionMortensonMinneapolis, Minnesota
49Standard Industries$10.7 billionMillstone-Winter-Heyman FamiliesNew York City, New York
56Southwire$9.3 billionRichardsCarrollton, Georgia
61Gilbane$8.7 billionGilbaneProvidence, Rhode Island
65Holder Construction$8.5 billionHolderAtlanta, Georgia
69JE Dunn Construction Group$8 billionDunnKansas City, Missouri
69Walsh Group$8 billionWalshChicago, Illinois
78Asplundh Tree Expert$6.7 billionAsplundhWillow Grove, Pennsylvania
82Walbridge$6.2 billionRakoltaDetroit, Michigan
82Zachry Group$6.2 billionZachrySan Antonio, Texas
86Kohler$6 billionKohlerKohler, Wisconsin
8984 Lumber$5.9 billionHardyEighty Four, Pennsylvania
93The Yates Companies$5.6 billionYatesPhiladelphia, Mississippi
95Consolidated Electrical Distributors$5.5 billionColburnIrving, Texas
98Crown Equipment$5.3 billionDickeNew Bremen, Ohio

SOURCE: Forbes

Read More
Matthew Thibault

Latest

Hollywood Climate Summit Sets Honorees For First Leadership Recognition Ceremony

Hollywood Climate Summit will honor model, actress, and environmental activist Quannah ChasingHorse, scientist and writer Dr. Ayana Elizabeth Johnson, Meredith Shea of the Academy of Motion Picture Arts and Sciences, and Universal Entertainment’s GreenerLight Program at its inaugural leadership ceremony set for June 3 at the Samuel Goldwyn Theater in Beverly Hills. The seventh annual

New Resident Evil Reboot Film’s Posters Reveal October 9 Release in Japan

posted on 2026-05-22 12:00 EDT by Alex Mateo The official Japanese X/Twitter account for Sony Pictures Entertainment new live-action reboot of CAPCOM 's Resident Evil survival horror game franchise revealed on Thursday two posters, and they show the film's October 9 release date in Japan: Image via Resident Evil film's X/Twitter account © 2026 SONY

AAO Entertainment Signs Filmmaker Adrian Yang

EXCLUSIVE: AAO Entertainment has signed director Adrian Yang for management following the breakout success of his viral narrative short film Passing, which has generated significant industry attention after notching nearly 15 million views on Instagram. Shot and directed by the Chinese-American filmmaker, Passing follows a young woman who gathers the courage to speak to a stranger on a New

GoldMyne Man of The Week; Don Jazzy The Quiet Architect of Afrobeats’ Global Rise

Music In an industry that constantly shifts with trends...

Newsletter

Don't miss

Hollywood Climate Summit Sets Honorees For First Leadership Recognition Ceremony

Hollywood Climate Summit will honor model, actress, and environmental activist Quannah ChasingHorse, scientist and writer Dr. Ayana Elizabeth Johnson, Meredith Shea of the Academy of Motion Picture Arts and Sciences, and Universal Entertainment’s GreenerLight Program at its inaugural leadership ceremony set for June 3 at the Samuel Goldwyn Theater in Beverly Hills. The seventh annual

New Resident Evil Reboot Film’s Posters Reveal October 9 Release in Japan

posted on 2026-05-22 12:00 EDT by Alex Mateo The official Japanese X/Twitter account for Sony Pictures Entertainment new live-action reboot of CAPCOM 's Resident Evil survival horror game franchise revealed on Thursday two posters, and they show the film's October 9 release date in Japan: Image via Resident Evil film's X/Twitter account © 2026 SONY

AAO Entertainment Signs Filmmaker Adrian Yang

EXCLUSIVE: AAO Entertainment has signed director Adrian Yang for management following the breakout success of his viral narrative short film Passing, which has generated significant industry attention after notching nearly 15 million views on Instagram. Shot and directed by the Chinese-American filmmaker, Passing follows a young woman who gathers the courage to speak to a stranger on a New

GoldMyne Man of The Week; Don Jazzy The Quiet Architect of Afrobeats’ Global Rise

Music In an industry that constantly shifts with trends...

Mr Eazi Shares Why He Waited Until 2021 to Buy His First Car

MusicMr Eazi has revealed that he did not...

Tesla’s Business Has Become Much More Diversified in Just the Past Five Years. Does That Make Its Stock a Better Buy Today?

Key Points Tesla's energy generation and storage segment generated 27% revenue growth last year. The company's non-automotive segments were able to help offset a double-digit decline in auto revenue in 2025. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) is known for its electric vehicles (EVs), and while they

WD sees sustainability as key business driver in an ‘AI economy’

Hard drive company WD promoted long-term operations and sustainability executive Jackie Jung to become its first chief sustainability officer in February, as it steps up sales to companies building AI data centers. Her vision: Turn sustainability into a “brand” for WD, a strategy that reduces risk for the $6 billion company (formerly known as Western

5 Business Ideas Worth Starting in 2026

If there is one thing Nigerians understand well, it is how to spot opportunity inside hardship. In 2026, that mindset will matter more than ever. The economy is tough, competition is rising, and many people are looking for smarter ways to earn, build, and survive. But even in a difficult environment, some businesses still stand