Posted: Sept. 6, 2018
Kent, Ohio – The Davey Tree Expert Company is the 12th largest employee-owned company in the U.S., according to the National Center for Employee Ownership (NCEO). The list shows Davey’s growth as the company moved from the 13th largest company in 2017 to the 12th largest in 2018.
The NCEO’s 2018 Employee Ownership 100 list includes the nation’s largest companies that are majority owned by an employee stock ownership plan (ESOP) or other broad-based employee ownership plan.
Davey, which employs over 9,500 people, has been employee-owned since 1979 when employees successfully bought the company from the family of its founder, John Davey.
“Our 9,500 dedicated employees continue to be trusted advisors and service providers to our clients, leading to tremendous opportunities for growth for our company and employee owners,” said Pat Covey, Davey’s President and CEO. “A relentless focus on the strength and development of our employees is the driving force behind our success and strong performance.”
Collectively, the top 100 employee-owned companies on the 2018 list employ more than 606,000 people. Across the U.S., there are about 6,700 ESOPs, according to research conducted by the NCEO. Details on this list and more can be found at the NCEO’s website www.nceo.org.
With more than 9,000 employees throughout North America, The Davey Tree Expert Company provides solutions for residential, utility, commercial and government clients. Rooted in research, the company’s vision is to achieve balance among people, progress and the environment. Tree experts since 1880, Davey provides diversified tree services, grounds maintenance and environmental services. Davey is one of the largest employee-owned companies in the U.S. and is headquartered in Kent, Ohio.