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Davey Among Top 10 Largest Employee-Owned Companies

Posted: Oct. 5, 2020

Kent, Ohio – The Davey Tree Expert Company is the 9th largest employee-owned company in the U.S., according to a report from the National Center for Employee Ownership (NCEO).

The NCEO 2020 Employee Ownership 100 list shows Davey has maintained its position among the top 10 largest employee-owned firms since first being ranked at No. 9 in 2019.

Companies are ranked on the list according to the number of the employees; Davey now employs nearly 10,500 people across North America. The NCEO’s 2019 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.

“The fact that we can continue to count ourselves among the 10 largest employee-owned firms in the U.S. is a testament to our commitment to growing and maintaining the employee-ownership model,” said Davey Chairman, President and CEO Pat Covey. “Our employees are the reason we’ve enjoyed so much success over the years and have continued to perform despite the challenges posed by today’s business climate. Employee ownership is a significant reason why Davey has endured, and it remains central to a prosperous future for our company.”

Founded in 1880, Davey has been proud to be employee-owned since 1979 when employees successfully bought the company from the family of its founder John Davey.

To be ranked on the list, companies must be at least 50 percent owned by an ESOP or other qualified plan or by one or more other types of plans in which at least 50 percent of the full-time employees are eligible to participate, according to the NCEO.

Collectively, the top 100 employee-owned companies on the 2020 list employ more than 610,000 people. Details on this list and more can be found at the NCEO’s website www.nceo.org.

 

The Davey Tree Expert Company provides research-driven tree services, grounds maintenance and environmental solutions for residential, utility, commercial and environmental partners across North America. As one of the largest employee-owned companies in the U.S., Davey has been dedicated to creating and delivering sustainable solutions for 140 years. Become part of the Davey legacy and apply today.

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