Asplundh Tree Expert

Asplundh Tree Expert

The Asplundh family began their tree-trimming business in 1928, founded by brothers Griffith and Lester Asplundh in Pennsylvania. Over nearly a century, the company grew into the dominant vegetation-management contractor for North American utilities, operating as a private, family-controlled enterprise. The wealth this generated created a family office structure that manages both the operating business proceeds and the family's investment portfolio. The family office takes a multi-asset approach, allocating capital across infrastructure assets — often within the utility and energy space — real estate, hedge funds, and private credit structures. Investments include co-investments in transmission and distribution projects, renewable energy infrastructure, and direct real estate holdings in the Mid-Atlantic region. The family has a track record of holding assets long-term, mirroring the patient capital philosophy of the Asplundh operating business. While the family office does not publicly disclose AUM or a professional headcount, its operational team is based in Willow Grove, Pennsylvania. The Asplundh family also maintains a charitable foundation, the Asplundh Foundation, which focuses on education, healthcare, and community development in the Philadelphia area. Asplundh Tree Expert employs over 30,000 people and remains one of the largest family-owned companies in the United States, with revenues reported by Bloomberg above $5B. The structural differentiator is the intersection of the operating business with the investment portfolio — Asplundh's deep utility and infrastructure expertise creates proprietary deal flow in energy and renewables that other family offices may lack. Additionally, three generations of Asplundh family members now manage the business and the office, preserving a multi-century governance model rare in family offices of this scale.