• 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.

  • Spanish Engineering Firm Chooses Missouri for US HQ, Creates 20 New Jobs

    May 02, 2018
    Hexa Ingenieros, a Spanish engineering services company focused on designing and implementing automation process control and industrial computing services, is entering the U.S. marketplace and establishing its U.S. headquarters in Missouri. The company will operate as Hexa Engineers in the U.S.

    Hexa Engineers' U.S. HQ will be located in the Cambridge Innovation Center (CIC) in St. Louis, Missouri, and they will create 20 new programming and engineering jobs, with hiring beginning in Summer 2018.

    “Missouri is fighting for jobs nationally and internationally,” said Missouri Governor Eric Greitens. “We’re glad to include Hexa Engineers on the list of impressive companies who have located their U.S. headquarters right here in our state.”

    “We have already spotted many opportunities to enhance American manufacturers’ competitiveness through technologies that have already been successfully implemented in Europe by Hexa Ingenieros, our parent company,” said Javier Diez, manager of Hexa Engineers. “We expect fast growth among customers all across the U.S. due to these good technical references that have been proven in Europe.”

    Hexa Ingenieros works with manufacturing companies in a number of industrial sectors including food and beverage, pharmaceutical, automotive, aerospace and energy, providing digitization solutions in the following broad areas: Process Automation and Control; Manufacturing Execution Systems (MES); Manufacturing Operations Management (MOM); and, Industrial Internet of Things (IIOT). 

    “Hexa Engineers is a great addition to Missouri, due to their expertise in Missouri’s robust industries,” said Steve Johnson, CEO of Missouri Partnership. “This was a great team effort, and we were honored to work with the Department of Economic Development, the St. Louis Regional Chamber, the St. Louis Economic Development Partnership, CIC St. Louis and the Spanish Trade Commissioner’s Office to attract Hexa Engineers to Missouri.”

    “CIC is excited to join forces with Missouri Partnership and the Missouri team and be a place where soft landings for international tech companies like Hexa Engineers can be easily orchestrated,” said Kim Plank, General Manager of CIC St. Louis. “We look forward to helping Hexa and their team connect to the extraordinary and fast-growing ecosystem of partners and service providers we have in the St. Louis Region.”

    "The St. Louis region should market its technology industry globally as well as nationwide, that's why we are excited to welcome Hexa Ingenieros and its U.S. headquarters to the St. Louis business community and CIC," said Tom Chulick, President and CEO, St. Louis Regional Chamber. "We were glad to partner once again with Missouri Partnership to help deliver new jobs and investment to St. Louis."

    "We are thrilled to welcome Hexa to St. Louis," said Sheila Sweeney, CEO of the St. Louis Economic Development Partnership. "St. Louis has been a leader when it comes to innovation. We've consistently strived to increase our global footprint by growing the number of foreign countries who do business here. As home to one of the nation's well-respected innovation districts, we're happy that Hexa is joining our business community in St. Louis." 

    “Missouri Partnership and the Missouri team have always been a reliable partner for us and are very active presenting the advantages of doing business in Missouri. They have been tremendously helpful to Hexa Engineers in their first steps in the state” said Javier Yraola, head of the Trade Commission of Spain in Chicago. “Hexa is the sort of company that Missouri wants to attract, as its technology will help improve the productivity of other Missouri companies in their manufacturing operations.”

    Hexa Engineers will conduct all national business development from their St. Louis, Missouri, headquarters.