Stanley Tree Service is now proudly 100% employee-owned
In an address in early December 2020, Stanley Zuba announced the ownership of the company he started in 1986 is now in the hands of his nearly 200 dedicated employees. Stan will remain with the company as President & CEO with Bruce Berard as the company’s Vice President & COO. Day to day operations will remain the same and the company will continue to offer the same great service it always has, while proudly calling Rhode Island home.
Stan delivered the news that shortly before the holidays everyone who calls Stanley Tree Service their employer, can now call the business their own. “Each and every employee will be given the opportunity to own a portion of the business. There are other employee-owned companies out there, but we wanted to be better” said Zuba.
Lazear Capital's team worked with Stanley Tree Service to design a custom solution that included employee benefits, financial flexibility, and maximized tax advantages. The transaction marks the fourth recently completed deal by Lazear Capital in tree care services, as the firm continues to expand its footprint in the industry.
Stanley Tree Service now offers an additional benefit to its workforce upon retirement which reinforces its founder’s commitment to those that make the company shine every day. Because of this, the company hopes to attract more employees with a passion for the green industry and continue to grow within the community.
Stanley Tree Service was founded in 1986 and recently moved to its new headquarters in Smithfield, RI in 2017.
About Stanley Tree Service:
Stanley Tree Service currently operates in three states serving residential, commercial, and utility customers since 1986. Stanley Tree Service offers services in tree pruning and removal, stump grinding, brush mowing, plant health care and land clearing all supervised or performed by licensed arborists.