21 companies make the Fortune 500, including Richmond’s Arko Corp.
May 23, 2022
Thirty-five Virginia companies made their 68th annual Fortune 1000 list in Fortune magazine, which was released Monday. The list categorizes the 1,000 largest corporations in the United States by revenue, including public and private companies where revenue information is available.
Twenty-one companies made the elite Fortune 500 list, a Richmond-based retail company Arko Corp. including the 498th Fortune 500, which premiered this year. Arko is a parent company of Richmond-based GPM Investments LLC. One of the largest store chains in the nation, GPM’s brands are Fas Mart and EZ Mart. Earlier this year, Arko completed its 21st acquisition since 2013. Arko has businesses in more than 3,000 locations, with 1,396 stores managed by the company and 1,625 retail outlets that supply fuel.
“We are extremely proud to be named on this year’s Fortune 500 list, an important affirmation of our growth strategies, disciplined investment approaches and the fact that our people continue to deliver excellent results,” said Arrie President Arie Kotler, President and CEO. . “This is a significant achievement since joining the NASDAQ less than two years ago, and a testament to our success. We will continue to drive growth and continue to pursue our strategy to add value to our long-term stakeholders.”
Last year, Virginia had 39 companies in the Fortune 1000, including 22 of the top 500.
Notably, when it moved to Atlanta in late 2021, the Norfolk Southern 332nd Railroad Corporation was no longer a Virginia-based company. Similarly, Chantilly-based Perspecta Inc., a 575th-ranked public defense contractor last year, was acquired by Peraton Inc. in May 2021 and is no longer on the list. CACI International Inc. the federal contractor, who debuted at No. 203 in the 2021 Fortune 500, ranked 5th this year, down 49th.
The only companies to rise to Fortune 500 this year were the Goochland County-based Performance Food Group, a food distributor that rose two places to 112th, and Henrico County insurance company Markel, which rose to 22nd place. 289. A number of companies dropped significantly from the list, including Henrico-based insurer Genworth Financial, which dropped 86 places to 434, and Richmond’s Dominion Energy, which moved 64 places to 647th place. McLean-based Hilton Worldwide global hospitality. Holdings Inc., which fell from Fortune 500 last year due to heavy pandemic revenue losses, rose from 598 last year to 536 on this year’s list.
Ten of the 21 Virginia Fortune 500 companies this year are based in Fairfax County.
These are the Virginia-based companies that made the Fortune 1000 list in 2022 by ranking:
56) Federal Home Loan Mortgage Corp. (“Freddie Mac”), McLean
94) General Dynamics Corp., Falls church
101) Northrop Grumman Corp., Falls church
108) Capital One Financial Corp., McLean
112) Performance Food Group Co., Goochland County
137) Dollar Tree Stores Inc., Chesapeake
165) Altria Group Inc., Henry County
174) CarMax, Goochland County
207) DXC Technology, Ashburn
257) Dominion Energy Inc., Richmond
274) Leidos Holdings Inc., Reston
289) Markel Corp., Glen Allen
333) AES Corp., Arlington
361) Owens & Minor Inc., Mechanicsville
370) Huntington Ingalls Industries, Newport News
389) NVR Inc., Reston
434) Genworth Financial, Henry County
436) Booz Allen Hamilton Holding Corp., McLean
456) Science Applications International Corp., Reston
478) Beacon Roof Supply, Herndon
498) Arko Corp., Richmond
522) CACI International Inc., Reston
538) Hilton Worldwide Holdings Inc., McLean
663) ASGN Inc., Glen Allen
667) Maximus Inc., Reston
675) Brink’s Co., Henry County
733) Parsons Corp., Centerville
801) Gannett, McLean
804) Graham Holdings Co., Arlington
832) Tegna Inc., McLean
915) ManTech International Corp., Herndon
797) Pacific Architects and Engineers (PAE), Falls church
947) NewMarket Corp., Richmond
960) AvalonBay Communities Inc., Arlington
995) BWX Technologies Inc., Lynchburg