GlobeNewswire

THIEF RIVER FALLS, Minn., Dec. 04, 2024 (GLOBE NEWSWIRE) -- DigiKey, a leading global commerce distributor offering the largest selection of technical components and automation products in stock for immediate shipment, announced that it has been ranked #151 on the 2024 list of America’s Largest Private Companies by Forbes. This is the third consecutive year the company has been included on the list.

Forbes began tracking private companies in 1985. This year’s ranking, with 275 companies, is the largest since 2008, the last year before the threshold was doubled to $2 billion. Inclusion on the list is based on having $2 billion or more in revenue from the most recent fiscal year. For 85% of list members, that means revenues for calendar 2023. Others have fiscal years that ended as recently as October 2024.

DigiKey is one of only 10 companies in the Capital Goods category, ranking at #5 within their category. DigiKey is one of only eight companies headquartered in Minnesota on the list, ranking at #3 within the state. The full list can be viewed on the Forbes website.

“DigiKey is honored to be recognized by Forbes for the third year in a row as one of the largest private companies in America,” said Linda Johnson, executive vice president of operations for DigiKey. “Our continued inclusion on the list is a testament to our hard-working team members and their passion for improvement. We’re committed to delivering results for our customers and suppliers as they drive innovation around the globe.”

The company sees 2025 as another strong year for design activity. It continues to invest in more robust and predictive web search functionality, higher inventory levels and increased automation in the DigiKey warehouse, which all benefit customers by providing an easy and efficient research, shopping and delivery experience.

DigiKey employees enjoy a generous benefits package, an abundance of on-site amenities, and robust educational and professional development opportunities. For more information on careers with DigiKey, please visit their careers page.

For more information, please visit the DigiKey website.

About DigiKey
DigiKey, headquartered in Thief River Falls, Minn., USA, is recognized as the global leader and continuous innovator in the cutting-edge commerce distribution of electronic components and automation products worldwide. We get technical by providing more than 15.9 million components from over 3,000 quality name-brand manufacturers with an industry-leading breadth and depth of product in stock and available for immediate shipment. DigiKey also supports engineers, designers, builders and procurement professionals with a wealth of digital solutions, frictionless interactions and tools to make their jobs more efficient. Additional information can be found at DigiKey.com and on Facebook, X, YouTube, Instagram and LinkedIn.

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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fc337312-e535-44ac-b9d6-fd6241d96578.