9
September/October 2019
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THE DAVEY BULLETIN
DAVEY RANKED 9
TH
LARGEST
EMPLOYEE-OWNED COMPANY
Davey 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 2019 Employee Ownership 100 list shows Davey has grown
considerably, moving from the 13th largest employee-owned company in 2017
to the 12th largest company in 2018 and, now, ninth on the list. 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.
Davey cracked the top 10 of the Employee Ownership 100 while celebrating
40 years of employee ownership in 2019.
"The longevity of employee ownership at Davey says there's a belief in the
ownership structure," said Davey President and CEO Pat Covey. "Employee
ownership has allowed us to create a culture that has withstood a lot of economic
and business challenges over time. We've created a culture through the people
we hire and promote, and I like to think that's because employee ownership
fosters hard-working, savvy businesspeople."
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 2019 list employ
more than 610,000 people. Details on this list and more can be found at the
NCEO's website www.nceo.org.
IMPROVEMENT
OWNER'S BOX
"
It makes going to
work every day better
knowing the company's
success is your success.
I'm the kind of guy that
doesn't want to fail in
anything I do, so it's nice
knowing that money
that I'm putting into this
is growing and is part
of something bigger
than just your paycheck.
Everybody buys into
Davey's mission and
values, and they take
it more seriously when
they're part of the plan
and don't feel like just
a number.
"
ELI GEIST
general foreman
Duquesne Light account
