Profiles - Biggest Private Companies
When credit unions were granted the right to begin issuing credit cards in 1977, five Florida credit unions joined together to create a service organization to help them. Today, that organization, St. Petersburg-based PSCU, provides an array of services — including call center support, online and mobile banking support and online bill paying and strategic support — to nearly 700 credit unions around the country. Under the direction of CEO Mike Kelly, who came on board in 2011 after the death of longtime CEO David Serlo, the company has been leveraging technology to help credit unions attract younger clients. Last year, PSCU was able to get six of its credit union members in on a test of Google Wallet, a mobile app that holds a person’s credit or debit card information and allows him to pay in stores with just the tap of his phone at special “contactless” terminals. Now, more than 30 credit unions that partner with PSCU have added their branded payment cards to Google Wallet. Fredda McDonald, PSCU’s executive vice president of credit union experience, says PSCU’s members are among the “early pioneers” of mobile payments. She says she believes it is the wave of the future and will ultimately help credit unions attract more customers of the millennial generation.
— Amy Keller
Ignacio Urbieta Jr. took charge of the family Urbieta Oil distributor business in 1987 when it had about $4 million in revenue. The company now is up to $504 million. From a plant in Medley, the company supplies gas to more than 85 stations featuring various brands and also to fleets. It’s one of the few E85 distributors in Florida. Urbieta, a University of Miami-educated electrical engineer with an MBA from Florida International University, and the firm have been honored in Poder, Hispanic Business and Entrepreneur magazines. Urbieta’s on the board of UM’s Sylvester Comprehensive Cancer Center.
— Mike Vogel
In 2019, the McGehee family in Jacksonville will mark a century in the paper business, first with a company Clifford Graham McGehee founded (sold in 1965) and then with Mac Papers, which his sons Frank and Tom started in late 1964. With their passing, Frank’s sons Sutton and David and Tom’s son Mac took over running the company, which has 676 employees, 22 offices and 19 retail stores. Its core customers are commercial printers for whom it supplies paper, envelopes, graphic print supplies and other products. Its Mac Papers Envelope Converters employs 230 and has sales of $55 million. As demand for paper has lessened in recent years, Mac Papers has moved into packaging supplies and related products. To that end, in December it announced the purchase of Pembroke Pines-based All Packaging Supplies, a supplier of corrugated cartons and other goods to the industrial and food service market. It earlier had acquired Orlando-based Redd Paper, a paper and packaging company. It’s also expanded with branches in Little Rock, Ark., and Nashville, Tenn. Sutton, David and Mac all entered the family business as teenagers. Mac Papers is active in church and community and donates 10% of pretax profits to charity.
— Mike Vogel