Posted: Aug. 26, 2016
Kent, Ohio – The Davey Tree Expert Company is the 13th largest employee-owned company in the U.S., according to data from the National Center for Employee Ownership (NCEO).
The NCEO’s 2016 Employee Ownership 100 list includes the nation’s largest companies that are at least 50 percent owned by an employee stock ownership plan (ESOP) or other broad-based employee ownership plan.
Davey, which employs over 8,600 people, has been employee-owned since 1979 when employees successfully bought the company from the family of its founder, John Davey.
“Employee ownership has been a driving force behind our past and present successes,” said Karl Warnke, Davey’s chairman and CEO. “Encouraging and supporting employee ownership, and the culture it fosters, will remain a key to strong performances by the Davey Company in the future.”
The 2016 list shows Davey’s growth, as the company ranked No. 17 on the 2014 list of the largest employee-owned firms when it employed more than 7,800. In 2015, Davey ranked 15th on the list and employed more than 8,000.
Collectively, the top employee-owned companies on the 2016 list employ more than 650,000 people. Across the U.S., there are about 7,000 ESOPs covering almost 14 million participants, according to research conducted by the NCEO. Details on this research can be found at the NCEO’s website www.nceo.org.
The Davey Tree Expert Company’s more than 8,600 employees provide tree care, grounds maintenance and environmental consulting services for the residential, utility, commercial and government markets throughout the U.S. and Canada. Davey has provided Proven Solutions for a Growing World since 1880 and has been employee-owned for 37 years. For more information, visit www.davey.com.