Business Briefs

Published:

Davey one of biggest

worker-owned firms

The Davey Tree Expert Co., headquartered in Kent, is the largest employee-owned service company in the U.S., according to data from the National Center for Employee Ownership.

The NCEO's 2014 Employee Ownership 100 list includes the nation's largest companies that are at least 50 percent owned by an employee stock ownership plan or other broad-based employee ownership plan.

Davey, which employs 7,800 people, is the seventh-largest firm on the list that is 100 percent employee-owned and is 17th largest overall in the U.S. by total employees. Davey has been employee-owned since 1979 and is the largest employee-owned company in Ohio.

"People are our greatest assets," said Aurora resident Karl Warnke, Davey's chairman, president and CEO. "We have been committed to employee ownership for 35 years, and that unwavering dedication has allowed Davey to grow and become a stable yet progressive institution."

Want to leave your comments?

Sign in or Register to comment.