Davis is the co-founder, along with his cousin Steve Bisciotti, of Allegis Group, the largest staffing firm in the US. The Hanover, Maryland-based employment and recruiting company has annual revenue of about $14.5 billion. Davis is also the owner of Tradepoint Atlantic, a 3300-acre logistics center near Baltimore, Maryland.
Davis is the co-founder of Allegis, a Hanover, Maryland-based staffing company that has annual revenue of $9.3 billion in 2024 according to a report in Staffing Industry Analysts. Davis is credited with 51% of the business with the remaining stake attributed to his cousin Steve Bisciotti. It's valued using the average enterprise value-to-sales and enterprise value-to-Ebitda multiples of publicly traded peers.
Davis owns various businesses through family office, Redwood Holdings.
These include Newly Wed Foods, purchased in October 2023 for about $4 billion. Redwood owns roughly 81% of auto retail group Hudson Automotive, according to a Moody's research note. It owns a majority of Florida auto retailer Morgan Auto, and they are credited with the same stake. Revenue for the two groups is calculated at $14 billion. It owns 70% of Johnstone Supply, an HVAC equipment supplier with about $1.6 billion in revenue in 2024. It owns Erickson Senior Living, which has calculated revenue of $2.1 billion. These are valued using the average enterprise value-to-sales multiple of publicly-traded peers.
Redwood's position in Johnstone Supply and the auto businesses is adjusted to account for debt of 70% of the investments' values.
Redwood also owns Tradepoint Atlantic. It's 8 million square feet of developed space is valued using the average price per square feet price of an index of Baltimore industrial property.
Alcohol distributors, including Heidelberg Distributing, Silver Eagle Distributors and Pepin Distributing for are valued at their acquisition price of $2.35 billion less debt, calculated at 75% of the cost.
Grain Craft bought the corn milling business of Bunge in June 2025. Its valued at its $470 million acquisition cost.
Davis owns 10% of the St. Louis Cardinals baseball team. Its valued using a 2025 calculation by sports media firm Sportico.
Randy Sones, a spokesperson for Davis, declined to comment on the billionaire's net worth in March 2025.
Davis grew up in the Philadelphia suburb of Newtown Square. He graduated from the city's Villanova University in 1981 with a degree in business and worked at accounting firm Price Waterhouse.
After two years he and his cousin Steve Bisciotti started recruitment and staffing firm Aerotek out of a basement office in Annapolis, Maryland. The business generated $1.5 million in revenue in its first year.
The firm grew to become Allegis Group, one of the largest staffing firms in the United States.
In 2013 Davis and his wife Kim donated $50 million to his alma mater Villanova, the largest gift in its history.
Davis established a family office, Redwood Holdings. Redwood has made more than 131 investments, according to data from Pitchbook. Bets include Tradepoint Atlantic, a logistics hub built on a former Bethlehem Steel facility in Sparrows Point, on the outskirts of Baltimore, and Newly Weds Foods, a food ingredient supplier.