This year’s Family-Owned Businesses list includes 50 businesses, with the top 25 accounting for over $7 billion in (combined) revenue in 2023. And, of the 45 businesses that provided employee numbers, that translates to 7,849 jobs.
The top three businesses each had revenues north of $1 billion: ASI Corp., The Sobrato Organization and Del Grande Dealer Group Inc.
Here’s what the demographics of the list showed, 42% are based in San Jose and 12% are based in Santa Clara. By sector, there were four HVAC service and installation firms, three automotive/truck related businesses, three wineries, and two pizzerias, amongst 15 various types of licensed contractors.
In order to qualify for the list, companies must be headquartered in Silicon Valley and be majority family-owned. Companies are ranked by the prior year’s revenue.
Silicon Valley is defined as Fremont, Newark and Union City in Alameda County; Atherton, Belmont, East Palo Alto, Foster City, Menlo Park, Portola Valley, Redwood City, San Carlos, San Mateo and Woodside in San Mateo County; San Benito County; Santa Cruz County and Monterey County.
Information was obtained from company representatives.
