Tree Care

Kark Warnke, CEO of Davey Tree, recently spoke about the impact of employee ownership at the 23rd Ohio Employee Ownership Conference.  He was quoted in the Akron Beacon Journal.  Here is a link to the original article. The following are excerpts of the article featuring Warnke’s quotes: “Headquartered in Kent, the 130-year-old Davey was sold by its founding family to employees in 1979. Since then, the company has grown to 7,000 employees in 45 states and five Canadian provinces, and it has seen revenue grow from $60 million in 1979 to $600 million in 2008. ”I think that speaks volumes” … Read more

Davey Tree recently filed its Annual Report on Form 10-K with the Securities and Exchange Commission for 2008.  In the filing, Davey reported $60 million in acquisitions during the year, including $16 million in cash, $15 million in stock, $6 million in debt issued and $23 million in liablities assumed.  Davey made two large acquisitions mid-year, The Care of Trees, based in Wheeling, Illinois, and Wolf Tree Experts, based in Knoxville, Tennessee.

The Davey Tree Expert Company has acquired Monteleone Landscaping Company of North Royalton, Ohio. The family-run company, which provides landscape and snow management services throughout the Cleveland area, will join Davey’s Commercial Landscape Services division. “We’re pleased to welcome this very successful organization to the Davey team,” said George Gaumer, vice president and general manager, commercial landscape services. “They have a strong history of quality service, and the fact that the entire Monteleone team will be joining Davey makes this a very positive development for both organizations.” Frank, Vito and Pasquale Monteleone, Jr., will serve the branch in leadership positions … Read more

Most public companies have recently filed their quarterly report Form 10-Q with rge Securities and Exchange Commission.  Here are some reports from companies active in the Green Industry: The Davey Tree Expert Company reported spending a whopping $17.73 million for business purchases during the first six months of 2008 compared to $4.5 million in the same period of 2007. The Scott’s-Miracle Gro Company reported NO acquisition activity in its Scott’s Lawn Service division during the nine months ended June 28, 2008, compared to $6.5 million in the same period of the prior year. Sunair Services, Inc., parent of Middleton Pest … Read more

KENT, OH — The Davey Tree Expert Company has acquired Wolf Tree Experts, Inc., a tree service company based in Knoxville, Tenn. Wolf Tree is 700 employees strong with a service area covering 13 states. Expected annualized revenues are in excess of $40 million. Their customers include rural electric co-ops, municipalities, and investor-owned utilities. They will operate as a wholly-owned Davey subsidiary. Terms of the transaction were not disclosed. This acquisition is Davey’s twelfth within the past two years and largest to date. Wolf Tree was established in 1926 by Jacob L. Wolf, a man dedicated to providing safe and … Read more