Davey acquires Elizabeth River Lawn & Landscape in Va.

April 16, 2018 -  By

Elizabeth River Landscape ManagementThe Davey Tree Expert Co. acquired Elizabeth River Lawn & Landscape, a commercial landscape company based in Suffolk, Va. Terms of the transaction were not disclosed.

Elizabeth River Lawn & Landscape has about 140 employees. Revenue was not disclosed for the company, which reported $9 million in 2014 revenue for the 2015 LM150 list of largest landscape companies. Davey ranked No. 3 on the 2017 LM150 list with $845 million in 2016 revenue.

Jason Fawcett, CEO of Elizabeth River, will continue to lead the company, which is being branded as “Elizabeth River Landscape Management, a Davey company.” The firm has additional locations in Virginia Beach, Yorktown and Richmond, Va.

Fawcett is excited about the deal for many reasons, one of them being the ownership opportunities for his team members because Davey is an employee-owned firm.

“It’s not a typical buyout because of that,” he told LM. “(The employees) can be just as much of a business owner as I can. It’s not just about me, it’s about everybody. It allows them to be prosperous and gives them something to look forward to. Everybody is an owner.”

Dan Joy, Davey’s executive vice president and general manager of commercial landscape services, said Davey is excited to welcome the Elizabeth River team.

“Clients will still see the same focus on exceptional service, but (they) also now have access to Davey’s technology and equipment, and research and development capabilities provided by the Davey Institute.”

Fawcett called the move a “power play” between a large company in the Virginia market (Elizabeth River) and an even larger national company that wasn’t yet in the region (Davey).

“It only going to make us stronger,” he said. “The only thing I can tell you is our foot’s going to be on the gas.”

About the Author:

Marisa Palmieri is an experienced Green Industry editor who's won numerous awards for her coverage of the landscape and golf course markets from the Turf & Ornamental Communicators Association (TOCA), the Press Club of Cleveland and the American Society of Business Publication Editors (ASBPE). In 2007, ASBPE named her a Young Leader. She graduated with a Bachelor of Science in Journalism, cum laude, from Ohio University’s Scripps School of Journalism.

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