Each year, the NCEO releases The Employee Ownership 100: America’s Largest Majority Employee-Owned Companies.
To qualify for the list, companies must be at least 50% employee owned through an ESOP or other qualified plan and at least 50% of full-time employees must be eligible to participate in the plan.
For 2013, three Ohio companies made the list:
Davey Tree Expert of Kent, OH with 7,400 employees
Davey Tree has been recognized many times as a leading employee-owned company. Earlier this year, Davey Tree expanded it’s company by acquiring a tree company in Minnesota, marking Davey’s 15th acquisition in the last five years. Davey established an ESOP in 1979 and is now the fourth-largest 100% employee-owned company in the United States/
Riesbeck Food Markets of St. Clairsville, OH with 1,300 employees
Riesbeck began as a small family-owned grocery in Woodsfield, Ohio in 1926. Since then the company has grown to include 16 stores and 6 pharmacies throughout Ohio and West Virginia. The company established an ESOP in 1986, and is currently 57% employee owned and the Riesbeck family is still actively involved in the company.
Zandex Health Care of Zanesville, OH with 1,200 employees
Zandex, a provider of independent living, assisted living, rehabilitation and senior care established their ESOP in 1988. Based in Zanesville, the company now has facilities in New Concord, St. Clairsville, and Shadyside and offers an in-home emergency response team in Muskingum County. The ESOP which now owns 51% of the company.