July 2019

Davey Tree Celebrates 40 Years of Employee Ownership

July 11th, 2019 Davey Tree, one of the largest tree service companies in the U.S., became employee-owned 40 years ago. Since then, its employee count has grown from 2,800 to nearly 10,000, and its stock from 12 cents to $21, a compound annual growth rate close to 14%. Davey Tree has been employee-owned since 1979…

Employees See Real Gains of Stewart’s Shops’ Growth Through ESOP

July 8th, 2019 Stewart’s Shops Partners of Saratoga Springs, NY, have received their profit sharing statements. Existing ESOP accounts received approximately 13% growth on their existing accounts including over 6% in dividends. This success is from the service resulting in increased operating profitability and the changes in the Federal corporate tax law. The company has made a…

Employee-Owned Consigli Construction is ENR New England’s Contractor of the Year

July 1st, 2019 Consigli Construction Co., selected as ENR New England’s Contractor of the Year. Transforming into a 100% employee-owned enterprise, the 114-year-old Milford, Mass.-based contractor and construction management firm reported $1.09 billion in regional revenue, placing it third among ENR New England’s Top Contractors list. The firm ranks in the Top 60 in ENR’s national…