• St. Louis' Fortune 500 Headquarters Total Expands to Ten

    Jun 04, 2018

    Each year Fortune magazine publishes their Fortune 1000 list which ranks publicly traded U.S. companies' total revenues. In 2018, the St. Louis area is home to sixteen Fortune 1000 headquarters – a diverse mix of the region’s top companies in energy, financial services, and health care.

    St. Louis Fortune 1000 Headquarters 2018




    Revenues ($ billions)


    Express Scripts








    Emerson Electric








    Reinsurance Group of America




    Jones Financial (Edward Jones)




    Graybar Electric












    Peabody Energy




    Post Holdings




    Stifel Financial












    Arch Coal




    Edgewell Personal Care



    Source: “Fortune 500” Fortune, 2018.

    This year’s Fortune 500 list features many of the region’s top companies, however, recent mergers and acquisitions, bankruptcies, and external market factors have resulted in changes to companies’ revenue and position on the Fortune 500.

    There are a few notable changes since last year. After recovering from bankruptcy in April 2017, Peabody Energy moved into the Fortune 500 this year. Peabody Energy reported revenue of $1.46 billion for the first quarter of 2018 (1). Centene experienced the largest jump in revenues from $40.6 billion in 2017 to $48.6 billion in 2018, moving them up from 66 to 61. Centene is in the process of building a $770 million campus expansion at their Clayton headquarters which will create 2,000 jobs in the region. Monsanto moved up five spots landing at 199 after reporting $1.5 billion in net income during the first quarter of 2018 (2). Arch Coal, landing at number 15, moved up from 796 last year to 870, the largest jump of any company on the Fortune list. The coal provider’s increase in revenue is notable in an industry beset with falling prices. Panera Bread dropped from the list this year following their acquisition by JAB Holding in 2017 (3).

    Prospective mergers and acquisitions will influence each company’s respective revenue and position on next year’s list. Express Scripts, St. Louis’ largest public company, recently announced its acquisition by Cigna. If the deal is approved, the combined pharmacy benefit management company will be headquartered in Connecticut and will retain Cigna’s name. Monsanto remained in the Fortune 500 after reporting net income of $1.5 billion during the first quarter of 2018, however the agricultural products manufacturer’s pending acquisition should take it off the list next year (4). After pursuing an aggressive M&A strategy which included acquiring Weetabix and Bob Evans, Post Holdings moved up four spots to 512. The consumer goods company may enter the Fortune 500 next year.

    Potential contenders for next year’s Fortune 1000 list include Spire and Energizer Holdings. Spire’s 2017 revenue of $1.7 billion is close to the Fortune 1000 cutoff. In 2016, the natural gas company acquired EnergySouth, Inc. for $344 million. If the company continues its acquisition strategy, Spire may move back into the Fortune 1000. Energizer Holdings is also a contender for next year’s list. Last year the company acquired Spectrum Brands’ Rayovac battery subsidiary and had a reported revenue of $1.8 billion (5).

    The Fortune list’s rankings illustrate St. Louis’ longstanding success as a viable location for headquarters of some of the nation’s most prominent and innovative organizations.


    (1)  “Peabody gives $1.5 million to Washington University” St. Louis Business Journal, May 23, 2018.
    (2)  “St. Louis’ biggest companies are raking it in. Here’s what’s driving the profit boom” St. Louis Business Journal, May 28, 2018.
    (3)  “Biggest Deals 2017: JAB puts Panera Bread Co. on the menu in $7.5 billion deal” St. Louis Business Journal, December 21, 2017.
    (4)  “St. Louis’ biggest companies are raking it in. Here’s what’s driving up the profit boom” St. Louis Business Journal, May 28, 2018.
    (5)  “Energizer to acquire Spectrum Brands’ battery business for $2 billion” St. Louis Business Journal, Jan. 16, 2018.

  • Amazon Announces First Missouri Fulfillment Center, 1,500 Jobs in St. Peters

    Mar 07, 2018

    St. Peters Amazon announcementAmazon.com, Inc. today announced plans for the first Missouri fulfillment center to be located in St. Peters, creating more than 1,500 full-time jobs with benefits and opportunities to engage with Amazon Robotics in a highly technological workplace. The facility will feature innovative technology such as Amazon Robotics that will assist employees in fulfilling customer orders. Project lead Missouri Partnership announced the exciting deal in St. Peters City Hall this morning at 10 a.m.

    The Chamber was responsible for convening our partners at Ameren, City of St. Peters, Economic Development Center of St. Charles County, St. Charles County Workforce & Economic Development with Missouri Partnership for a site visit in January. From there the discussions went back and forth on incentives and the deal process.

    The Chamber supported our partners on this project by convening partners, conducting research and continued follow-up.

    The project itself will be 1,500 new jobs; $42,175,500 new payroll; and $175 million in new investment in a new build-to-suit 800,000 square foot robotics fulfillment center to support the continued growth and expansion of their fulfillment network to better serve their customers.

    “We were thrilled to work with Amazon in partnership with the City of St. Peters, St. Charles County and Missouri state officials on the company’s new investment in our region that will bring more than 1,500 jobs,” said Tom Chulick, President & CEO of the St. Louis Regional Chamber. “Amazon’s decision to continue investing in the St. Louis region by locating their first fulfillment center in St. Peters highlights our region’s strategic national location, strong transportation infrastructure and superior quality workforce.”

    Congratulations to the City of St. Peters, St. Charles County, the Missouri Partnership, the Economic Development Center of St. Charles County and all involved partners in this exciting deal for Missouri and the St. Louis region.

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