18 Jun LM150: 2020 rankings
Cherrylake is proud to announce that our construction and maintenance groups have made it to Landscape Managements listing of the industry’s top 150 revenue-generating firms for 2020.
The LM150 list, published by national trade publication Landscape Management, represents approximately the top 1 percent of landscape industry companies.
On June 18, 2020, Landscape Management released its 2020 LM150 list of the largest landscape companies ranked by 2019 revenue. Cherrylake ranked No. 140 on the list with $14.6 million in 2019 annual revenue.
Up 12 percent overall from 2018, the LM150 revenue sets another record by surpassing $12 billion. Overall, LM150 companies averaged a 12 percent average revenue growth from 2018 to 2019 and project 8 percent growth in 2020.
“Over the past three years, our team has focused initiatives on operational efficiency, which includes the reduction of waste in the value creation stream and working toward LEAN construction practices,” says Aaron Morse, Business Project Manager at Cherrylake, “We have improved project tracking and forecasting. We also prioritize both clients and projects which align with Cherrylake’s strategic priorities.”
Landscape Management is a North Coast Media publication based in Cleveland offering real-world solutions for landscape maintenance, design, irrigation, and more. LM150 is brought to you by Vermeer, a global manufacturer of industrial and agricultural machines.
Recognition included for Cherrylake:
- 140th Largest Landscape Contractor in the US (Landscape Management Top 150)
- 21st Largest Irrigation and Water Management Company in the US (Landscape Management Top 150)
To view the complete list, breakdowns and company profiles, check out a PDF version here.