Asplundh has long been a leader in providing essential services to customers across the United States and around the world, but what companies does this multi-national company own?
In this blog post, we take an in-depth look at Asplundh and discover all the different businesses they operate.
From tree trimming to utility maintenance, Asplundh provides critical services for multiple industries.
We discuss how each owned subsidiary works with its parent corporation so you can gain better insight into this impressive global enterprise.
So buckle up as we explore exactly which companies make up the extensive network of branches that is Asplundh!
Who Owns Asplundh?
Asplundh Asplundh Tree Expert, LLC, a privately held company, is primarily owned by members of the Asplundh family. The company was founded in 1928 by brothers Carl and Bill Asplundh, and over the years, it has remained under the ownership of the Asplundh family. The company’s ownership is shared among several key members of the family, with its day-to-day operations overseen by family members involved in management and leadership positions.
Read this article to find out the major shareholders of Asplundh.
What Companies Does Asplundh Own?
Asplundh Tree Expert, LLC, widely known for its tree pruning and vegetation management services, has grown into a significant player in the utilities and tree care industry. The company operates through various subsidiaries and brands, each contributing to different aspects of the business, from tree services to specialized equipment and technology.
Below is a list of the companies and brands owned by Asplundh as of April 2025:
| Category | Company / Brand Name | Description |
|---|---|---|
| Vegetation Management & Tree Services | Asplundh Brush Control Co. | Vegetation control services |
| Blume Tree Services, Inc. | Tree care and vegetation management | |
| Farrens Tree Surgeons, Inc. | Tree surgery and maintenance | |
| Utility Tree Service, Inc. | Utility line clearance and tree services | |
| Utility Infrastructure & Engineering Services | UtiliCon Solutions, LLC | Holding company for utility service firms |
| Utility Lines Construction Services, LLC | Utility line construction | |
| Utility Meter Services, Inc. | Meter reading services | |
| Utility Pole Technologies, Inc. | Utility pole inspection and maintenance | |
| Asplundh Construction Company | Construction services for utilities | |
| Asplundh Engineering Services, LLC | Engineering solutions for infrastructure | |
| Voltyx | Electrical testing and field services | |
| Environmental & Herbicide Services | Arborchem Products Co. | Herbicide and vegetation product supply |
| Asplundh Environmental Services, Inc. | Environmental consulting and services | |
| Traffic Management & Lighting | American Lighting & Signalization, Inc. | Traffic signals and lighting services |
| Chevron Group (Traffic Services & Chevtrain) | NZ-based traffic management and training | |
| International Operations | Asplundh Tree Expert (Australia) Pty. Ltd. | Operations in Australia |
| Asplundh Canada Inc. | Utility services in Canada | |
| Asplundh Tree Expert (N.Z.) Limited | Services in New Zealand | |
| Electrix Asplundh Co. Ltd. | NZ joint venture for line maintenance | |
| Read & Co. Utility Services Ltd. | Utility services in the UK | |
| Ginnifer Tree Care Services | Tree care in Ireland | |
| Equipment & Support Services | Compass Equipment Leasing Inc. | Equipment leasing |
| Central Locating Service Limited | Utility locating services |
Asplundh Tree Expert Co.
Asplundh Tree Expert Co. is the core company under the Asplundh umbrella, providing tree trimming, vegetation management, and related services to utilities and municipalities across North America. Established in 1928, it has become one of the largest tree care and utility vegetation management companies in the world.
The company’s services help reduce power outages and maintain the health of trees and other vegetation near utility lines. Asplundh’s workforce includes certified arborists and skilled professionals, ensuring high-quality service to a variety of industries.
Asplundh Construction Services, Inc.
Asplundh Construction Services, Inc. specializes in providing infrastructure and construction solutions for utility companies, focusing on areas like electric and telecommunications systems.
This subsidiary works in the areas of underground utility installation, maintenance, and line construction. By leveraging advanced technology and equipment, Asplundh Construction Services enhances the efficiency and safety of construction projects that support vital infrastructure for communities and industries.
Asplundh Tree Service
Asplundh Tree Service is another key brand under the Asplundh name, focusing primarily on providing tree care and maintenance services for residential and commercial customers.
These services include pruning, removal, and emergency tree care, ensuring the safety of properties and their surroundings. The brand is known for offering top-tier tree health management, using specialized equipment to perform services in an environmentally responsible way.
Asplundh Environmental Services
This subsidiary focuses on offering environmental solutions such as land management, habitat restoration, and invasive species control. Asplundh Environmental Services works with private, government, and municipal organizations to improve environmental sustainability through proactive vegetation management practices.
Their services often overlap with ecological research, conservation efforts, and environmental restoration projects aimed at preserving natural landscapes.
Asplundh Equipment Company
The Asplundh Equipment Company designs, manufactures, and supplies specialized vehicles and equipment used in vegetation management and tree care. These include bucket trucks, aerial devices, tree trimming tools, and other machinery essential for utility and municipal work.
By focusing on equipment innovation, Asplundh Equipment Company ensures that its customers have access to the safest and most efficient tools for their vegetation management tasks.
Asplundh Utility Services, LLC
Asplundh Utility Services, LLC, is dedicated to providing comprehensive utility maintenance services. This subsidiary offers expertise in the construction and maintenance of electrical systems, including powerline installation and repairs, as well as storm restoration services. By maintaining a strong focus on reliability and safety, Asplundh Utility Services helps utilities across North America keep their electrical grids running smoothly.
Asplundh Forestry Services
Asplundh Forestry Services is a branch of the company that deals specifically with forestry-related projects, offering tree removal, timber management, and site clearing.
This subsidiary is geared toward larger-scale operations, particularly those involving land clearing for construction or development projects. Asplundh Forestry Services is also involved in managing timber resources, ensuring sustainable practices, and compliance with forestry regulations.
Asplundh Urban Forestry
Asplundh Urban Forestry provides specialized tree care services for urban environments, focusing on the challenges of maintaining tree health and safety in densely populated areas.
The brand offers services such as tree planting, pruning, and care for municipal parks, roadways, and commercial properties. Their goal is to improve urban landscapes by ensuring the longevity and vitality of trees in cities, which can improve air quality and overall urban aesthetics.
Asplundh Vegetation Management, Inc.
Asplundh Vegetation Management, Inc. is responsible for overseeing the company’s vegetation management projects, which are critical for utility companies, especially those involved in electricity transmission and distribution.
The subsidiary’s work includes controlling vegetation near power lines, ensuring that trees and other growth do not interfere with the safe operation of power systems. Asplundh Vegetation Management is known for its safety-first approach, using both manual and mechanical methods to manage vegetation growth effectively.
Asplundh Holdings, LLC
Asplundh Holdings is the parent company overseeing the diverse operations of Asplundh’s subsidiaries and brands. While not a direct service provider, Asplundh Holdings plays a strategic role in managing acquisitions, investments, and overall company operations.
It ensures that all subsidiaries align with the company’s core mission of providing safe and reliable tree care and vegetation management services. Asplundh Holdings also plays a key role in expanding the company’s footprint by acquiring new businesses and expanding into new markets.
Asplundh International
Asplundh International manages the company’s operations outside of North America, bringing its tree care and vegetation management services to global markets. With a presence in several international locations, Asplundh International extends the company’s high standards of service and reliability across borders.
Its international operations support global utility services and municipal projects, demonstrating Asplundh’s ability to adapt to diverse environmental conditions and local regulations.
UtiliCon Solutions
UtiliCon Solutions is a subsidiary of Asplundh Tree Expert that specializes in utility infrastructure services, with a strong focus on underground and overhead line construction. This company provides comprehensive services in the electrical, telecommunications, and transportation sectors.
Its offerings include the installation of utility lines, underground cable systems, and electrical substations, as well as providing electrical testing and meter reading services. Additionally, UtiliCon Solutions is involved in traffic signal installation and maintenance, ensuring safe and effective traffic flow in urban areas. The company’s expertise in both electrical systems and civil engineering allows it to deliver high-quality, efficient solutions that meet the growing demands of modern infrastructure.
Utility Lines Construction Services Inc. (ULCS)
Utility Lines Construction Services Inc. (ULCS) is a prominent provider of utility line installation and maintenance services. ULCS specializes in both electric and telecommunications systems, including the construction of new power lines, the maintenance of existing networks, and the expansion of broadband infrastructure.
The company plays a critical role in ensuring that utility companies have reliable and secure networks for the distribution of electricity, telecommunications, and data. Its services extend to both overhead and underground lines, enabling ULCS to address a wide range of infrastructure needs across both urban and rural environments. With a commitment to safety and efficiency, ULCS helps reduce downtime and improve the reliability of utility networks.
Asplundh Engineering Services
Asplundh Engineering Services provides critical engineering solutions for utility infrastructure projects. The company offers services ranging from the design and construction of power distribution systems to the engineering of specialized infrastructure such as substations and transformer installations. Asplundh Engineering Services is known for its expertise in developing innovative solutions that optimize the performance and safety of electric utility systems.
The company’s engineers work closely with utility providers to ensure that projects are completed on time, within budget, and in compliance with regulatory standards. Additionally, Asplundh Engineering Services supports the ongoing maintenance and upgrading of infrastructure, helping to extend the lifespan of critical utility networks.
American Electrical Testing
American Electrical Testing is a leading provider of electrical testing and diagnostic services, ensuring that electrical systems operate safely and efficiently. This subsidiary specializes in providing testing and analysis for power lines, transformers, substations, and other critical components of the electrical grid. Through its diagnostic services, American Electrical Testing helps identify potential issues before they lead to failures, reducing the risk of power outages and ensuring the safety of both workers and the general public.
The company’s services also include preventative maintenance and condition assessments, enabling utilities to optimize their infrastructure and avoid costly repairs. Its emphasis on precision and reliability has made it an invaluable partner for utility companies seeking to maintain robust electrical systems.
Treescape
Treescape is a New Zealand-based subsidiary that specializes in vegetation management and arboricultural services. The company offers a wide range of services designed to help utilities, municipalities, and private property owners maintain safe and healthy tree populations. Treescape’s primary focus is on managing trees near power lines to prevent interference with electrical infrastructure, reducing the risk of outages, and improving the reliability of utility networks.
In addition to right-of-way clearing, Treescape provides tree care services, including pruning, planting, and health assessments. With an emphasis on environmental sustainability, Treescape employs best practices in arboriculture and environmental stewardship to support the health of urban and rural landscapes across New Zealand.
Chevron Traffic Services
Chevron Traffic Services is another New Zealand-based subsidiary of Asplundh, specializing in road safety and traffic management. The company’s services are essential for maintaining safe traffic flow and infrastructure integrity in both urban and rural areas. Chevron Traffic Services focuses on the installation, maintenance, and repair of traffic signal systems, street lighting, and related traffic management infrastructure.
This includes providing temporary traffic control for roadworks and construction projects. By ensuring that traffic systems are properly managed, Chevron Traffic Services plays a vital role in reducing accidents, improving traffic flow, and enhancing public safety.
Utility Pole Technologies
Utility Pole Technologies is a key manufacturer and supplier of utility poles and related products that are essential for the construction and maintenance of power line infrastructure. The company produces a wide range of poles, including wooden, steel, and composite poles, as well as associated hardware like pole reinforcement products, crossarms, and insulators.
Utility Pole Technologies serves electric utilities, telecommunications companies, and other infrastructure providers, offering products that are durable and able to withstand harsh environmental conditions. The company’s products are critical for maintaining the strength and safety of utility lines, ensuring reliable power distribution across vast regions.
Bobcat Power, LLC
Bobcat Power, LLC, which was acquired by Asplundh in 2025, enhances the company’s capabilities in the substation infrastructure space. Bobcat Power provides specialized services in the design, construction, and maintenance of electrical substations, an essential component of the power grid.
The company’s work includes installing equipment such as transformers, circuit breakers, and switchgear, as well as ensuring that substations operate efficiently and safely. Through this acquisition, Asplundh has strengthened its ability to support utility companies in the development and maintenance of substation systems, which are integral to the distribution of electricity. Bobcat Power also offers ongoing support for infrastructure upgrades, helping utility providers meet modern energy demands while ensuring reliability and safety.
When Was Asplundh Founded?
Asplundh traces its roots all the way back to 1928 when three brothers—Lester, Carl, and Earl Asplundh—started the business in Philadelphia.
Over the years, the company grew rapidly, expanding its services and operations throughout the United States.
Today, Asplundh remains a family-owned business, and its legacy as a premier arboriculture company continues to flourish more than 90 years after its founding.
Who is the CEO of Asplundh?
As of April 2025, Matthew B. Asplundh serves as the Chief Executive Officer (CEO) of Asplundh Tree Expert, LLC, the largest utility vegetation management company in the United States.
Early Career & Professional Background
Matt Asplundh has spent over three decades at Asplundh Tree Expert, LLC, rising through the ranks from a field crew member to executive leadership. Prior to his CEO appointment, he served as President of Asplundh West, overseeing operations across multiple states and growing the company’s market share in the region.
Leadership Focus & Strategic Initiatives
- Diversity & Inclusion: In April 2022, Matt joined more than 2,000 business leaders in the CEO Action for Diversity & Inclusion™, signaling his commitment to fostering a more inclusive workplace.
- Safety Culture: Under his leadership, Asplundh has doubled down on its safety-first ethos—“safety is our culture”—with new training programs and stricter site protocols to protect the company’s more than 34,000 employees.
- Sustainability & ESG: Matt has overseen the rollout of Asplundh’s first Sustainability Report and the formation of an ESG subcommittee, aiming for net-zero greenhouse gas emissions by 2050.
Role & Impact
As CEO, Matt Asplundh is responsible for setting the company’s strategic direction, driving operational excellence across North America, Australia, and New Zealand, and stewarding the firm’s family-owned legacy. Under his guidance, Asplundh continues to expand its service offerings—from vegetation management and utility infrastructure to traffic services—while maintaining strong financial performance and deep client relationships.
Revenue and Net Worth Asplundh
In 2024, Asplundh reported an estimated annual revenue of $5.7 billion, positioning it among the top privately owned service companies in the United States.
The major sources of its revenue include:
- Utility vegetation management (its largest division) – maintaining clearance for power lines and right-of-ways for over 150 utilities.
- Infrastructure services – including utility pole inspection, street lighting, meter services, and underground locating.
- International operations – through subsidiaries in Canada, Australia, New Zealand, and Europe, contributing a growing share of revenue.
- Traffic management and electrical services – through acquisitions like Chevron Group (New Zealand) and Voltyx.
This revenue level represents consistent growth, up from an estimated $4.3 billion in 2023. The increase is driven by:
- Long-term utility contracts
- Infrastructure upgrades across the U.S.
- International expansion and acquisitions
Even though Asplundh is private and doesn’t file SEC reports, sources like Zippia, Forbes, and industry insiders use labor force size, fleet volume, and known contracts to estimate this revenue.
Net Worth
Asplundh’s net worth as of April 2025 is expected to be around $11 billion.
Net worth here refers to company valuation, not just assets minus liabilities. It reflects:
Recurring Revenue Model
Asplundh has long-standing, multi-year contracts with utilities and municipalities. This creates stable, predictable cash flows—highly valued in service-based businesses.
Tangible Assets
- One of the largest privately owned fleets of trucks, cranes, and heavy utility equipment in the U.S.
- Real estate holdings for regional offices and depots
- Supply and logistics infrastructure
Global Footprint
The company’s international presence increases its valuation multiple. Entry into Australia, New Zealand, and Europe positions it as a global player, not just a U.S. contractor.
Acquisitions & Diversification
In the last five years, Asplundh has acquired companies in electrical testing (Voltyx) and traffic services (Chevron Group). These not only diversify revenue, but increase strategic value.
Private, Family Ownership
Although being private limits public equity valuation, the business is still valued on EBITDA (earnings before interest, taxes, depreciation, and amortization). With an estimated EBITDA margin of 10–15%, that places their valuation in the $10–11 billion range, based on industry-standard multiples of 7–8x EBITDA.
| Metric | Estimate (2025) |
|---|---|
| Annual Revenue (2024) | $4.5 billion |
| Estimated EBITDA | $450M–$675M |
| Valuation/Net Worth | $10–11 billion |
| Ownership | 100% Asplundh family-owned |
| Ranking | Top private utility service company |
Here’s a breakdown of the annual revenue and net worth of Asplundh for the past 10 years:
| Year | Estimated Revenue | Estimated Net Worth | Key Notes |
|---|---|---|---|
| 2015 | $3.5 billion | ~$6.5 billion | Expansion in utility services and vegetation management. |
| 2016 | $3.8 billion | ~$7.0 billion | Growth driven by increased demand for utility line clearance. |
| 2017 | $4.0 billion | ~$7.5 billion | Continued expansion and diversification of services. |
| 2018 | $4.0 billion | ~$8.0 billion | Stable revenue with sustained demand in core services. |
| 2019 | $4.2 billion | ~$8.5 billion | Incremental growth in infrastructure services. |
| 2020 | $4.5 billion | ~$9.0 billion | Resilience amid global challenges; maintained service contracts. |
| 2021 | $4.7 billion | ~$9.5 billion | Expansion into new markets and services. |
| 2022 | $4.8 billion | ~$10.0 billion | Strategic acquisitions bolstered revenue. |
| 2023 | $5.0 billion | ~$10.5 billion | Continued growth in international operations. |
| 2024 | $5.7 billion | ~$11.0 billion | Significant growth attributed to diversified services and global presence. |
Where is the Headquarters of Asplundh?
The Asplundh headquarters is situated in Willow Grove, Pennsylvania.
The company caters to a wide range of customers, including utility companies, municipalities, and residential properties.
With over 35,000 employees and a fleet of more than 40,000 vehicles, the company is committed to providing reliable and high-quality service to its customers.
The headquarters houses the main offices of all Asplundh subsidiaries, including its tree care and vegetation management divisions, as well as a research and development facility.
Additionally, the company has multiple regional offices across the United States and Canada.
How Many Employees Does Asplundh Have?
Asplundh employs over 40,000 people worldwide as of 2025.
Asplundh’s employees are highly experienced and knowledgeable in all aspects of vegetation management, tree trimming, and electric line clearance.
The company is also committed to providing its employees with a safe and healthy work environment.
Asplundh has stringent safety protocols in place for all of its operations in order to ensure the well-being of its workers.
Additionally, Asplundh offers competitive wages and benefits packages to its employees.
With such a large and experienced workforce, it’s no wonder that Asplundh is the industry leader in vegetation management and tree trimming.
Final Thoughts
Asplundh Tree Expert, LLC, and its various subsidiaries have built a strong and diverse portfolio of companies, all aimed at providing reliable, high-quality services in tree care, vegetation management, and related fields.
Each subsidiary plays a key role in the overall operations of the company, helping to maintain and enhance critical infrastructure across North America and beyond. Whether focusing on urban tree care, utility services, or forestry management, Asplundh’s vast network of brands is integral to maintaining safety and sustainability in the environments they serve.
FAQs
How rich is the Asplundh family?
The Asplundh family is among the wealthiest families in America. As of 2025, their net worth is estimated to be over $4 billion, derived from their full ownership of Asplundh Tree Expert, LLC—a highly profitable, privately held company. The business has remained family-owned since its founding in 1928, and wealth is shared among multiple family branches.
Who is CEO of Asplundh?
As of 2025, the CEO of Asplundh Tree Expert, LLC is Scott M. Asplundh. He is a member of the founding family and took on leadership responsibilities to continue the company’s tradition of family stewardship and expansion across utility and vegetation management services.
How big is Asplundh?
Asplundh is massive in scale:
- Employees: Over 34,000 workers globally
- Operations: Present in North America, Australia, and New Zealand
- Fleet: One of the largest specialized fleets for tree, utility, and infrastructure work in the world
- Customers: Serves major utilities, municipalities, railways, and governments
What is the biggest tree service in the United States?
Asplundh Tree Expert, LLC is the largest tree service company in the United States. It dominates utility line clearance, vegetation management, and infrastructure maintenance with a national footprint and long-standing utility contracts.
Is Asplundh worldwide?
Yes. Asplundh operates internationally, with subsidiaries and joint ventures in:
- Canada
- Australia
- New Zealand
- United Kingdom
- Ireland
- France
Its global expansion supports utility vegetation management and infrastructure engineering services in diverse markets.
What is the meaning of Asplundh?
“Asplundh” (pronounced “AS-plund”) is a Swedish surname. The company was founded by brothers Carl, Griffith, and Lester Asplundh in 1928. The name reflects the family’s Scandinavian heritage. It doesn’t have a known specific meaning in modern Swedish but has become synonymous with utility vegetation services.
What is the revenue of Asplundh?
As of the most recent data (2024 estimates), Asplundh’s annual revenue exceeds $5.5 billion. It has consistently ranked among the top 150 privately held companies in the U.S. by revenue according to Forbes and Forbes Private Companies List.
Who are the competitors of Asplundh?
Major competitors of Asplundh include:
- Davey Tree Expert Company – A close second in size; also provides utility and residential services.
- Lewis Tree Service, Inc. – Offers vegetation management for utilities.
- Wright Tree Service – Another major player in utility vegetation management.
- Nelson Tree Service – Operates in similar spaces, sometimes partners with larger firms.
- Trees, LLC – Smaller, regional competitor.
Despite these, Asplundh holds the largest market share in the utility vegetation and infrastructure space.
Who owns Asplundh?
Asplundh Tree Expert, LLC is 100% privately owned by the Asplundh family. The company has never gone public, and ownership is divided among multiple family branches descended from the original founders. This allows the company to maintain tight control over operations and decision-making.