The Asplundh family still owns Asplundh Tree Company. Scott Asplundh, the company’s chairman, and Kevin Asplundh, its CEO, are in charge as of 2021. There are no immediate intentions for an initial public offering (IPO) as the Asplundh family has kept the business private.
Asplundh’s rival and company operating in the same sector is Davey Tree. In the United States and Canada, residential, commercial, and governmental clients can obtain tree care, grounds maintenance, and environmental consulting services from Davey Tree. Since 1880, Davey Tree has operated as a family-owned business.
A division of Davey Tree, Davey Resource Group (DRG), offers consulting services for the management of natural resources. For both public and private clients, DRG provides services such urban forestry, environmental planning, and resource consultancy.
Since Davey Tree is a private business, it lacks a stock symbol. As a privately held business, Davey Tree is not compelled to make its financial information public, and neither is the amount of money it is worth. Similar to Asplundh Tree corporation, the corporation is believed to be valued several billion dollars.
In conclusion, Asplundh Tree Company is a family-run company with over 90 years of experience. With an estimated net worth of over $10 billion, the company is one of the biggest private businesses in the United States and specialized in utility and residential tree care services. Asplundh’s rival, Davey Tree, also works in the same sector and offers comparable services. Additionally a family-owned business, Davey Tree does not have a stock symbol. Although its net worth is unknown to the general public, it is also thought to be worth many billion dollars.
In 1880, Davey Tree was established. It’s crucial to remember that the essay focuses on Asplundh Tree Company rather than Davey Tree.