Associated Grocers Repeats As Top Private Company

The largest privately held companies in Washington state posted combined 1993 annual sales of $16.13 billion, down from $16.36 billion in 1992.

Seattle-based Associated Grocers Inc. topped the list for the fourth year in a row. Simpson Investment Co. came in second, followed by Darigold Inc., Food Services of America, Lanoga Corp., and Stevedoring Services of America.

Five companies are new to the list, including Ocean Beauty Foods, a Seattle-based seafood processor, Cowles Publishing Co. in Spokane and Diamond Parking, a Seattle company debuting at a rank of 85. Other newcomers include McCarroll Enterprises and North Coast Electric Co.

The beleaguered forest products industry was hardest hit, suffering setbacks from environmental concerns, logging restrictions and a flat economy.

For example, problems led East Side Trading Co., a Spokane manufacturer and wholesaler of lumber, ranked 105 last year, to merge with an out-of-state company, said one-time owner William Bickel, who is now general manager.

Another business, Brazier Forest Industries of Seattle, also dropped off the ranking. Brazier has shut down its Hawaiian division, leaving mills in Washington state and Oregon, said owner John Brazier.

Brazier, ranked 101 last year with more than $65 million in revenue, exports, imports and manufactures lumber, Brazier said.

Despite the downturn - his comany posted about $50 million in sales in 1993 and expects that figure to drop to $40 million in 1994 - Brazier is hopeful about the future. He expects growth in 1995 with sales of $60 million to $70 million.

"We've been going 29 and a half years and I expect to keep going," Brazier said of the business he started in 1965. "We're the only ones that built a new sawmill in Oregon. I guess that seems foolish, but we're making a profit on it."

Don't tell Columbia Vista that lumber products belong to a depressed industry.

Despite the odds, Columbia, an export cutting mill, heads the list of the top 10 companies to watch, based on growth estimates. Columbia optimistically projects growth of 100 percent for 1994.

How?

"We're pretty bullish on the way things are headed in the export market and on the domestic side too," said Jeff Woodside, chief financial officer. "We're a smaller niche player and very tightly managed."

One of Columbia's major markets is Japan, Woodside said.

Much of the same heightened environmental consciousness that has hurt some loggers has helped boost trash revenue.

For instance, Rabanco Ltd., a Bellevue environmental management company that handles everything from collection, disposal and recycling, ranks 44 with more than $100 million in revenue, up from last year's rank of 90 and more than $70 million in revenue, said Warren Razore, president.

Private companies in the top 100 list employed 66,829 people in 1993 in manufacturing, retailing, transportation, seafood processing and fruit growing, among other industries.

Retail represents the largest sector of surveyed firms with 32.4 percent, followed by wholesale, 20.8 percent; manufacturing, 14.2 percent; construction, 14.1 percent; transportation, 5.3 percent; service, 1.0 percent and high-tech, 0.3 percent, with various other industries representing 11.8 percent.

"With the relatively flat economy, we were anticipating seeing a flat list and we were surprised that a lot of these companies were able to not only maintain their revenue but even grow, and some dramatically," said Maria Callaghan, marketing coordinator in the Seattle office of Arthur Andersen.

Some of the most dramatic growth happened at Print NW/Six Sigma in Fife. Print NW, ranked 115, is the only company to significantly emerge from last year's list of top 10 companies to watch. Its sales of $57.5 million are up 48.8 percent from 1992 sales, said Kurt Dammeier, who with his father, Brian, runs the company.

That growth, coupled with projections for a 24.6 percent increase to $71 million in 1994 attracted a lucrative offer to merge with Quebecor, a Montreal, Canada, printing company.

The deal is expected to become final in late June.

"They are growing exponentially," Callaghan said. "They've just gone gangbusters."

Print NW went from being a traditional printer of manuals for the software industry, including Microsoft, to copying diskettes and CD-ROM in the last few years for many of the same customers. The company made the change after reviewing its mission statement and determining that the proliferation of on-line data could render some document printing obsolete.

In other industries, construction companies overall showed "very strong growth" in 1993, said Bob Carlile, a partner at Arthur Anderson.

Alpac Corp., a Seattle beverage distributor that ranked 11th last year, and Itron Inc., a Spokane computer firm that ranked 89th last year, dropped off the list because they became part of publicly traded companies.

Several companies have new out-of-state owners or partners, eliminating them from the listing. These include Pacific Trail, a Seattle outerwear company purchased by a Chicago company, Gai's Seattle French Bakery, which merged with a San Francisco business and Stusser Electric Co. in Seattle.

The list includes only privately held companies based in Washington state with 25 or more employees and with annual revenue of at least $60 million.

The companies cannot be subsidiaries of public companies. The list excludes businesses in the areas of financial services, insurance, professional services, real estate brokerage, utilities and nonprofit organizations because of the difficulty of tracking and separating revenue derived from gross sales or a percentage of commissions.

Washington's Top 100 Private Companies

Here are the Top 100 private companies in the state, according to the Seattle office of accounting firm Arthur Andersen and U.S. Bank of Washington, which compiled most of the list.

Information is gathered from results of surveys that Arthur Andersen mailed to more than 1,200 companies and cross-checked with available reference sources. The ranking is based on 1993 revenue.

The Seattle Times added some companies to the list after conducting additional interviews.

--------------------

ANNUAL SALES:

More than $1 billion

--------------------

Associated Grocers, Inc.

Projected '94

Rankings City sales growth Employees

1991: 1 ------------ -------------- ---------

1992: 1 Seattle 6.09% 1,431

1993: 1

Top executives: Donald W. Benson.

Description of company: Wholesaler of grocery and non-food items.

Simpson Investment Co.

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 2 Seattle 0.0% 7,000

1993: 2

Top executives: William G. Reed.

Description of company: Forest products holding company.

---------------

ANNUAL SALES:

$650 million to

$1 billion

---------------

Darigold Inc.

Projected '94

Rankings City sales growth Employees

1991: 3 ------------ -------------- ---------

1992: 3 Seattle 0.0% 1,600

1993: 3

Top executives: Wesley E. Eckert.

Description of company: Manufacturer and distributor of dairy products.

Food Services of America (1)

Projected '94

Rankings City sales growth Employees

1991: 2 ------------ -------------- ---------

1992: 4 Seattle N/A 2,300

1993: 4

Top executives: Thomas J. Stewart.

Description of company: Wholesale grocery and produce supplier.

Lanoga Corporation

Projected '94

Rankings City sales growth Employees

1991: 5 ------------ -------------- ---------

1992: 5 Redmond 6.9% 3,147

1993: 5

Top executives: D. Nagel.

Description of company: Retailer of lumber and building material.

---------------

ANNUAL SALES:

$440 million

to $650 million

---------------

Stevedoring Services of America (1)

Projected '94

Rankings City sales growth Employees

1991: 4 ------------ -------------- ---------

1992: 6 Seattle N/A N/A

1993: 6

Top executives: F.D. (Ricky) Smith.

Description of company: Servicer of transport-sector companies.

URM Stores, Inc.

Projected '94

Rankings City sales growth Employees

1991: 6 ------------ -------------- ---------

1992: 7 Spokane 2.8% 596

1993: 7

Top executives: Steve Herbison.

Description of company: Wholesale food and general merchandise distributor.

---------------

ANNUAL SALES:

$330 million

to $440 million

---------------

Pacific Lumber & Shipping Co.

Projected '94

Rankings City sales growth Employees

1991: 8 ------------ -------------- ---------

1992: 10 Seattle -8.3% 700

1993: 8

Top executives: Robert L. Spence.

Description of company: Lumber sales, log sales, forest products.

Trident Seafoods Corp.

Projected '94

Rankings City sales growth Employees

1991: 7 ------------ -------------- ---------

1992: 9 Seattle -7.9% N/A

1993: 9

Top executives: Charles Bundrant.

Description of company: Fishing company including fishing, processing and marketing operations.

Recreational Equipment Inc.

Projected '94

Rankings City sales growth Employees

1991: 14 ------------ -------------- ---------

1992: 11 Sumner 12.2% 3,000

1993: 10

Top executives: Wally Smith.

Description of company: Outdoor gear cooperative.

---------------

ANNUAL SALES:

$250 million

to $330 million

---------------

Haggen Inc.

Projected '94

Rankings City sales growth Employees

1991: 10 ------------ -------------- ---------

1992: 15 Bellingham 16.3% 2,500

1993: 11

Top executives: Donald Haggen.

Description of company: Retail grocery.

Baugh Enterprises, Inc.

Projected '94

Rankings City sales growth Employees

1991: 21 ------------ -------------- ---------

1992: 8 Seattle -7.4% 1,300

1993: 12

Top executives: Robert H. Baugh.

Description of company: Commercial, institutional & industrial contractor.

Icicle Seafoods Inc.

Projected '94

Rankings City sales growth Employees

1991: 12 ------------ -------------- ---------

1992: 13 Seattle 7.1% 500

1993: 13

Top executives: Robert F. Brophy.

Description of company: Seafood processor.

Keith Uddenberg, Inc. (1)

Projected '94

Rankings City sales growth Employees

1991: 13 ------------ -------------- ---------

1992: 14 Gig Harbor N/A 1,460

1993: 14

Top executives: A.K. Uddenberg.

Description of company: Supermarket.

---------------

ANNUAL SALES:

$225 million

to $250 million

---------------

Seattle Times Co.

Projected '94

Rankings City sales growth Employees

1991: 15 ------------ -------------- ---------

1992: 16 Seattle -2.2% 3,277

1993: 15

Top executives: Frank A. Blethen.

Description of company: Newspaper and Information services.

Tidyman's, Inc.

Projected '94

Rankings City sales growth Employees

1991: 28 ------------ -------------- ---------

1992: 25 Greenacres N/A 1,500

1993: 16

Top executives: Jack Heuston.

Description of company: Grocer.

Skinner Corp.

Projected '94

Rankings City sales growth Employees

1991: 20 ------------ -------------- ---------

1992: 19 Seattle N/A 145

1993: 17

Top executives: Paul W. Skinner.

Description of company: Ownership and management of Carillon Properties in Kirkland, as well as other diversified investments.

Washington Beef, Inc.

Projected '94

Rankings City sales growth Employees

1991: 22 ------------ -------------- ---------

1992: 17 Yakima 6.6% 520

1993: 18

Top executives: John F. Kincaid.

Description of company: Beef processor.

Totem Resources Corporation

Projected '94

Rankings City sales growth Employees

1991: 25 ------------ -------------- ---------

1992: 21 Seattle 21.3% 1,257

1993: 19

Top executives: R. McMillen, S. Barer, M. Garvey.

Description of company: Provides year-round liner service between Tacoma and Anchorage, as well as tug ship services.

---------------

ANNUAL SALES:

$190 million

to $225 million

---------------

Tree Top, Inc.

Projected '94

Rankings City sales growth Employees

1991: 16 ------------ -------------- ---------

1992: 18 Selah 2.2% 1,151

1993: 20

Top executives: Frank Elsener.

Description of company: Apple products cooperative.

U.S. Oil & Refining Co.

Projected '94

Rankings City sales growth Employees

1991: 17 ------------ -------------- ---------

1992: 20 Tacoma -5.1% 170

1993: 21

Top executives: Thomas C. Temple.

Description of company: Independent petroleum refiner and marketer.

Seattle Pacific Industries

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 24 Seattle 10.0% 230

1993: 22

Top executives: D. Sellin, G. Smalley, S. Ritchey.

Description of company: Casual sportswear manufacturer and importer.

Ocean Beauty Seafoods

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: -- Seattle -2.6% 500

1993: 23

Top executives: Michael D. Selby.

Description of company: Seafood processor.

Lynden Inc.

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 23 Seattle N/A 1,000+

1993: 24

Top executives: James H. Jansen.

Description of company: Long-distance carrier.

---------------

ANNUAL SALES:

$170 million

to $190 million

---------------

Columbia Aluminum Corporation

Projected '94

Rankings City sales growth Employees

1991: 19 ------------ -------------- ---------

1992: 22 Vancouver 21.1% 1,100

1993: 25

Top executives: Kenneth D. Peterson Jr.

Description of company: Primarily aluminum, extruded and fabricated aluminum products manufacturer.

Global Transportation Services, Inc.

Projected '94

Rankings City sales growth Employees

1991: 39 ------------ -------------- ---------

1992: 29 Seattle 8.0% 92

1993: 26

Top executives: Keith S. Lake.

Description of company: Customs brokerage for importers, freight forwarding for exporters, warehousing and local trucking.

Gull Industries, Inc.

Projected '94

Rankings City sales growth Employees

1991: 26 ------------ -------------- ---------

1992: 26 Seattle 21.6% 250

1993: 27

Top executives: William L. True.

Description of company: Retail and wholesale distribution of petroleum products.

---------------

ANNUAL SALES:

$150 million

to $170 million

---------------

Fisher Companies, Inc.

Projected '94

Rankings City sales growth Employees

1991: 34 ------------ -------------- ---------

1992: 31 Seattle N/A 800

1993: 28

Top executives: William W. Krippaehne, Jr.

Description of company: Flour milling/broadcasting/real estate/licensing.

Olson's Food Stores, Inc.

Projected '94

Rankings City sales growth Employees

1991: 35 ------------ -------------- ---------

1992: 30 Mountlake Terrace 18.3% 1,500

1993: 29

Top executives: Maurice F. Olson.

Description of company: Retail food stores.

Rosauers Supermarkets, Inc.

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 32 Spokane 6.6% 1,300

1993: 30

Top executives: Larry D. Geller.

Description of company: Retail grocery & drugs.

Pacific Northern Oil Corp.

Projected '94

Rankings City sales growth Employees

1991: 23 ------------ -------------- ---------

1992: 33 Seattle 21.3% 220

1993: 31

Top executives: David W. Arnold.

Description of company: Marine & industrial fuel lubricants.

Thrifty Foods, Inc.

Projected '94

Rankings City sales growth Employees

1991: 90 ------------ -------------- ---------

1992: 35 Burlington 1,020 1,020

1993: 32

Top executives: Kirk Wilson.

Description of company: Supermarket retailer.

Ward's Cove Packing Co.

Projected '94

Rankings City sales growth Employees

1991: 33 ------------ -------------- ---------

1992: 28 Seattle 9.4% 175

1993: 33

Top executives: Alec Brindle.

Description of company: Alaska processor and broker of canned, frozen and fresh seafood.

Restaurants Unlimited, Inc.

Projected '94

Rankings City sales growth Employees

1991: 41 ------------ -------------- ---------

1992: 40 Seattle 13.5% 3,700

1993: 34

Top executives: Raymond W. Lindstrom.

Description of company: Restaurants.

Western Pioneer, Inc.

Projected '94

Rankings City sales growth Employees

1991: 29 ------------ -------------- ---------

1992: 27 Seattle -1.3% 265

1993: 35

Top executives: Max D. Soriano.

Description of company: Marine transportation to Alaska from Seattle; petroleum, marine supplies and fishing gear distributor.

---------------

ANNUAL SALES:

$135 million

to $150 million

---------------

Attachmate Corp. (1)

Projected '94

Rankings City sales growth Employees

1991: 59 ------------ -------------- ---------

1992: 44 Bellevue N/A 850

1993: 36

Top executives: Frank Pritt.

Description of company: Computer Interface equipment and related software.

Milgard Manufacturing, Inc. (1)

Projected '94

Rankings City sales growth Employees

1991: 46 ------------ -------------- ---------

1992: 46 Tacoma N/A 1,700

1993: 37

Top executives: Gary E. Milgard.

Description of company: Vinyl aluminum & wood clad windows & aluminum doors.

RSG Forest Products

Projected '94

Rankings City sales growth Employees

1991: 48 ------------ -------------- ---------

1992: 56 Kalama 23.2% 583

1993: 38

Top executives: Robert C. Sanders.

Description of company: Lumber manufacturer.

Keller Supply Company

Projected '94

Rankings City sales growth Employees

1991: 42 ------------ -------------- ---------

1992: 39 Seattle N/A N/A

1993: 39

Top executives: Neil R. Keller.

Description of company: Wholesale plumbing, heating and pool supplies.

Universal Ogden

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 49 Seattle 10-15% 3,200

1993: 40

Top executives: Kirby McDonald.

Description of company: Services for oil, mining and construction industries.

---------------

ANNUAL SALES:

$110 million

to $135 million

---------------

Time Oil Co.

Projected '94

Rankings City sales growth Employees

1991: 33 ------------ -------------- ---------

1992: 41 Seattle N/A 200

1993: 41

Top executives: HR Holliday.

Description of company: Retail gasoline.

Western Drug Dist. Inc.

Projected '94

Rankings City sales growth Employees

1991: 50 ------------ -------------- ---------

1992: 45 Kirkland 10.6% 1,118

1993: 42

Top executives: J. Jeffrey Meder.

Description of company: Discount drug stores.

Ace Novelty Co., Inc. (1)

Projected '94

Rankings City sales growth Employees

1991: 78 ------------ -------------- ---------

1992: 38 Bellevue N/A 500

1993: 43

Top executives: Benjamin H. Mayers.

Description of company: Novelties merchandiser.

Sellen Construction Co. Inc.

Projected '94

Rankings City sales growth Employees

1991: 45 ------------ -------------- ---------

1992: 65 Seattle -7.7% 300

1993: 44

Top executives: Richard C. Redman.

Description of company: Provide pre-construction and construction services.

Twin City Foods, Inc. (1)

Projected '94

Rankings City sales growth Employees

1991: 31 ------------ -------------- ---------

1992: 36 Stanwood N/A 1,000

1993: 45

Top executives: Arne T. Lervick.

Description of company: Freeze and pack frozen vegetables.

Lakeside Industries

Projected '94

Rankings City sales growth Employees

1991: 44 ------------ -------------- ---------

1992: 48 Redmond N/A 700

1993: 46

Top executives: Rhoady Lee, Jr.

Description of company: Asphalt paving contractor.

American Red Ball International, Inc.

Projected '94

Rankings City sales growth Employees

1991: 38 ------------ -------------- ---------

1992: 34 Seattle -4.3% 150

1993: 47

Top executives: Walter E. Saubert.

Description of company: Domestic and international household goods mover.

K&L Distributors

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 47 Bellevue 2.0% 425

1993: 48

Top executives: Mark B. Levine.

Description of company: Wholesale beverage distributors.

---------------

ANNUAL SALES:

$100 million

to $110 million

---------------

Rabanco, Ltd.

Projected '94

Rankings City sales growth Employees

1991: 95 ------------ -------------- ---------

1992: 90 Bellevue N/A 500

1993: 49

Top executives: Warren J. Razore.

Description of company: Waste collection/disposal/recycling services.

CPM Development Corporation

Projected '94

Rankings City sales growth Employees

1991: 56 ------------ -------------- ---------

1992: 62 Spokane 0.0% 750

1993: 50

Top executives: Michael K. Murphy.

Description of company: Ready-Mix concrete, asphalt, sand, gravel, crushed stone.

TVI, Inc.

Projected '94

Rankings City sales growth Employees

1991: 65 ------------ -------------- ---------

1992: 63 Bellevue 18.2% 2,625

1993: 51

Top executives: Thomas A. Ellison.

Description of company: North American chain of retail stores selling new and recycled apparel, housewares, and furniture.

Lease Crutcher Lewis

Projected '94

Rankings City sales growth Employees

1991: 62 ------------ -------------- ---------

1992: 77 Redmond -16.7% 400

1993: 52

Top executives: William L. Lewis.

Description of company: General contractor.

Wilder Construction Company

Projected '94

Rankings City sales growth Employees

1991: 77 ------------ -------------- ---------

1992: 64 Bellingham 7.4% 235

1993: 53

Top executives: Robert M. Helsell.

Description of company: Civil contractor specializing in highway, airport, environmental and utility work.

Interstate Distributor Co.

Projected '94

Rankings City sales growth Employees

1991: 72 ------------ -------------- ---------

1992: 74 Tacoma N/A 550

1993: 54

Top executives: Gary R. Mclean.

Description of company: Long distance trucking.

The Odom Corporation

Projected '94

Rankings City sales growth Employees

1991: 52 ------------ -------------- ---------

1992: 51 Seattle N/A 460

1993: 55

Top executives: John Odom.

Description of company: Distributor and broker for food and beverages.

McKinstry Co.

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 68 Seattle 5.0% 850

1993: 56

Top executives: George L. Allen.

Description of company: Mechanical contractor.

SDL Corporation

Projected '94

Rankings City sales growth Employees

1991: 79 ------------ -------------- ---------

1992: 50 Bellevue 17.6% 400

1993: 57

Top executives: Del Bishop.

Description of company: Construction management and general contracting.

Oneonta Trading Co.

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 54 Wenatchee 0.0% 29

1993: 58

Top executives: Herbert & Dalton Thomas.

Description of company: Trading co. and distributor of fresh fruit.

---------------

ANNUAL SALES:

$90 million

to $100 million

---------------

Hannah Motor Co.

Projected '94

Rankings City sales growth Employees

1991: 109 ------------ -------------- ---------

1992: 82 Vancouver 30.9% N/A

1993: 59

Top executives: Richard Hannah.

Description of company: Automobile dealer.

J H Kelly Inc.

Projected '94

Rankings City sales growth Employees

1991: 63 ------------ -------------- ---------

1992: 104 Longview N/A 375

1993: 60

Top executives: Dan Evans.

Description of company: Plumbing and mechanical contractors.

Alaska Distributors Co.

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 55 Seattle 7.1% 270

1993: 61

Top executives: Richard Loeb.

Description of company: Wholesale beverage distributor and broker.

All Alaskan Seafoods

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 57 Seattle 0.0% 700-800

1993: 62

Top executives: Lloyd Cannon.

Description of company: Producer of frozen processed fish products.

Larry's Markets, Inc. (1)

Projected '94

Rankings City sales growth Employees

1991: 57 ------------ -------------- ---------

1992: 69 Seattle N/A 725

1993: 63

Top executives: Larry McKinney.

Description of company: Supermarkets.

Gordon Trucking, Inc.

Projected '94

Rankings City sales growth Employees

1991: 75 ------------ -------------- ---------

1992: 67 Sumner 6.5% 670

1993: 64

Top executives: Larry Gordon.

Description of company: Truck-load transportation.

Wendle Motors, Inc.

Projected '94

Rankings City sales growth Employees

1991: 101 ------------ -------------- ---------

1992: 80 Spokane 9.5% 191

1993: 65

Top executives: Jerry Dormaier.

Description of company: Automobile and truck sales, service, parts, and financing.

---------------

ANNUAL SALES:

$85 million

to $90 million

---------------

The Bartell Drug Co. (1)

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 61 Seattle N/A 850

1993: 66

Top executives: George H. Bartell Jr.

Description of company: Drug stores.

Chuck Olson Chevrolet

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: -- Seattle N/A 202

1993: 67

Top executives: Charles E. Olson.

Description of company: Automobile sales.

Jensen-Byrd Co., Inc.

Projected '94

Rankings City sales growth Employees

1991: 68 ------------ -------------- ---------

1992: 83 Spokane N/A 310

1993: 68

Top executives: Stanley A. Jensen.

Description of company: Wholesale hardware distributor.

Schaake Packing Co.

Projected '94

Rankings City sales growth Employees

1991: 53 ------------ -------------- ---------

1992: 75 Ellensburg -1.5% 35

1993: 69

Top executives: Donald E. Schaake.

Description of company: Beef cattle feeding.

Snokist Growers

Projected '94

Rankings City sales growth Employees

1991: 54 ------------ -------------- ---------

1992: 66 Yakima 4.5% 792

1993: 70

Top executives: Jay F. Grandy.

Description of company: Fruit-processing cooperative.

---------------

ANNUAL SALES:

$80 million

to $85 million

---------------

Alaskan Copper Companies Inc. (1)

Projected '94

Rankings City sales growth Employees

1991: 47 ------------ -------------- ---------

1992: 53 Seattle N/A 475

1993: 71

Top executives: William M. Rosen.

Description of company: Wholesale metal & pipe and pipe fittings.

McCarroll Enterprises

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: -- Tacoma 4.7% 183

1993: 72

Top executives: Ed J. McCarroll.

Description of company: Retail auto dealer.

Yokes Washington Foods, Inc.

Projected '94

Rankings City sales growth Employees

1991: 84 ------------ -------------- ---------

1992: 78 Spokane 0.0% 575

1993: 73

Top executives: Dennis Castoldi.

Description of company: Retail grocery.

G.S. Investments Inc.

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 84 Seattle 19.0% 300

1993: 74

Top executives: Michael J. Goldfarb.

Description of company: Floor covering.

Cummins Northwest, Inc.

Projected '94

Rankings City sales growth Employees

1991: 83 ------------ -------------- ---------

1992: 76 Renton 2.4% 407

1993: 75

Top executives: Donald E. Pugh.

Description of company: Distributor of engines.

West Coast Paper Co.

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 60 Seattle 0.0% 225

1993: 76

Top executives: Richard Abrams.

Description of company: Wholesale paper distributor.

National Frozen Foods Corp.

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 88 Seattle 0.0% 400-1200

1993: 77

Top executives: Steve McCaffray.

Description of company: Private label frozen food processor.

Topline Imports

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 85 Bellevue 15.0% 175

1993: 78

Top executives: William F. Snowden.

Description of company: Wholesale footwear importer and buying agent.

Magnolia Hi-Fi Inc.

Projected '94

Rankings City sales growth Employees

1991: 69 ------------ -------------- ---------

1992: 70 Seattle 6.2% 330

1993: 79

Top executives: Jim Tweten.

Description of company: Retails consumer electronic equipment.

---------------

ANNUAL SALES:

$75 million

to $80 million

---------------

Marine Resources Company Intl.

Projected '94

Rankings City sales growth Employees

1991: 112 ------------ -------------- ---------

1992: 109 Seattle -6.3% 59

1993: 80

Top executives: Anthony D. Allison.

Description of company: Importer of Russian seafood products, exporter of seafood and timber equipment to Russia.

Russ Dean Ford Inc. (1)

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 128 Pasco N/A 165

1993: 81

Top executives: Russell Dean.

Description of company: Retail new and used automobiles.

Multiple Zones International

Projected '94

Rankings City sales growth Employees

1991: 136 ------------ -------------- ---------

1992: 736 Redmond N/A 200

1993: 82

Top executives: Sadru Kabani.

Description of company: Mail Order and wholesale computer software.

Brown & Cole, Inc.

Projected '94

Rankings City sales growth Employees

1991: 98 ------------ -------------- ---------

1992: 91 Ferndale N/A 460

1993: 83

Top executives: Craig W. Cole.

Description of company: Retail grocery stores.

Van de Graaf Ranches, Inc.

Projected '94

Rankings City sales growth Employees

1991: 73 ------------ -------------- ---------

1992: 92 Sunnyside N/A 62

1993: 84

Top executives: Dick Van de Graaf, Jr.

Description of company: Cattle feed lot/Ranch/Trucking.

Vaagen Bros. Lumber, Inc.

Projected '94

Rankings City sales growth Employees

1991: 100 ------------ -------------- ---------

1992: 110 Colville 17.3% 450

1993: 85

Top executives: Duane Vaagen.

Description of company: Producer of lumber and building products.

North Coast Electric Company (1)

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: -- Bellevue N/A 370

1993: 86

Top executives: Robert L. Lemman.

Description of company: Wholesale electric construction supplies.

---------------

ANNUAL SALES:

$70 million

to $75 million

---------------

Pierre Enterprises, Inc.

Projected '94

Rankings City sales growth Employees

1991: 82 ------------ -------------- ---------

1992: 114 Seattle 25.3% 200

1993: 87

Top executives: James P. Pierre.

Description of company: Automobile sales, service, and leasing.

Leslie-Fox (Saturn of Lynnwood)

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 103 Lynnwood 35.0% 150

1993: 88

Top executives: Jack Fox, Bill Leslie.

Description of company: Retail new cars.

Robert E. Bayley Construction, Inc.

Projected '94

Rankings City sales growth Employees

1991: 40 ------------ -------------- ---------

1992: 43 Seattle 60.0% 200

1993: 89

Top executives: Robert E. Bayley.

Description of company: General building contractor.

McDonald Industries, Inc.

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: 106 Kent 8.5% 225

1993: 90

Top executives: Michael O'Bryne.

Description of company: Wholesale distribution of construction equipment.

Gall Landau Young Construction Co.

Projected '94

Rankings City sales growth Employees

1991: 76 ------------ -------------- ---------

1992: 122 Bellevue 2.1% 150

1993: 91

Top executives: Frank N. Young Jr.

Description of company: Commercial, institutional and industrial contractor.

Camp Automotive, Inc.

Projected '94

Rankings City sales growth Employees

1991: 127 ------------ -------------- ---------

1992: 107 Spokane 9.8% 180

1993: 92

Top executives: Phil Camp.

Description of company: Automobile sales.

World Wide Distributors

Projected '94

Rankings City sales growth Employees

1991: 116 ------------ -------------- ---------

1992: 98 Kent 13.1% 48

1993: 93

Top executives: Richard La Shance.

Description of company: Buying cooperative for retailers.

Pacific Coast Feather Company

Projected '94

Rankings City sales growth Employees

1991: 130 ------------ -------------- ---------

1992: 115 Seattle 11.1% 600

1993: 94

Top executives: Gerard L. Hanauer.

Description of company: Distributor of pillows and comforters.

Ennen's Food Stores Inc.

Projected '94

Rankings City sales growth Employees

1991: 81 ------------ -------------- ---------

1992: 81 Bellingham N/A 510

1993: 95

Top executives: Herbert O. Ennen.

Description of company: Retail grocery.

---------------

ANNUAL SALES:

$65 million

to $70 million

---------------

Diamond Parking

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: -- Seattle N/A 700

1993: 96

Top executives: Josef and Joel Diamond.

Description of company: Parking company.

Marine Construction & Design Co.

Projected '94

Rankings City sales growth Employees

1991: 55 ------------ -------------- ---------

1992: 72 Seattle 12.1% 1,200

1993: 97

Top executives: Peter G. Schmidt.

Description of company: Commercial fishing -- design and construction of fishing and other commercial vessels.

Cowles Publishing Co (2)

Projected '94

Rankings City sales growth Employees

1991: -- ------------ -------------- ---------

1992: -- Spokane N/A 800

1993: 98

Top executives: James P. Cowles.

Description of company: Newspaper publishers.

Omak Wood Products Inc.

Projected '94

Rankings City sales growth Employees

1991: 103 ------------ -------------- ---------

1992: 94 Omak 8.7% 450

1993: 99

Top executives: Robert Harris.

Description of company: Manufacturer of lumber and plywood.

Harbor Wholesale Grocery Inc.

Projected '94

Rankings City sales growth Employees

1991: 111 ------------ -------------- ---------

1992: 100 Olympia N/A 110

1993: 100

Top executives: Carl R. Erickson.

Description of company: Distributes full line of groceries to independent convenience stores, taverns and restaurants.

(1) Information was obtained from sources other than the company.

(2) Ranked solely on the basis of publishing revenues.

Sources: Arthur Andersen; The Seattle Times; Dun & Bradstreet

Information Services Inc.; public records and interviews with the companies.

-------------------------- TOP TEN COMPANIES TO WATCH --------------------------

Based on forecasted revenue growth for 1994.

Projected

Name of company/ sales

description growth Top executive -------------------------------------------------------------

1. Columbia Vista 100% Edward Bolds.

Lumber products. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

2. American Boiler Works 76.5% Barry A. Bogue.

Custom metal fabrication. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

3. NTP 86.8% Gary Brady.

Designer/manufacturer of aerospace composite structures. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

4. Phamis 61.6% Frank Sample.

Developer of support information systems. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

5. W.G. Clark 57.9% Chris L. Clark.

Construction. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

6. Pace International 54.4% Brooke Van Wyk.

Manufacturer of industrial/agricultural products - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

7. Pacwest Fibers 53.3% King Kelso.

Converter of waste paper. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

8. Fortun Foods 49.5% Kevin G. Fortun.

Manufacturer of soup/sauce concentrates - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

9. GM Nameplate 45.9% Donald Root.

Manufacturer of product trim and switch panels - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 10. Applied Voice Technology 42.9% Richard J. LaPorte.

Developer of call processing and message systems. -------------------------------------------------------------

Source: Arthur Andersen, U.S. Bank.