(Kernville, CA) – Kern River Brewing Firm (KRBC), situated within the small mountain city of Kernville within the Southern Sierras, was established in 2005 and rapidly turned a vacation spot for beer connoisseurs. Awarded the distinguished title of “Brewery Group of the 12 months” in 2019 on the Nice American Beer Pageant, KRBC has at all times targeted on high quality beer however by no means took its eyes off of high quality of life. “We have now been transferring in the direction of being employee-owned for some time now,” says co-founder Eric Giddens. “Our workers are a lot part of our success that we felt this was one of the best path ahead for our collective futures and Rebecca and I are so pleased to have the ability to make this announcement as we speak.” Added Rebecca Giddens, additionally co-founder, “KRBC continues to be family-owned. It’s simply that our household acquired a bit of greater.”
This transfer was made potential by the newly created Worker Inventory Possession Plan (“ESOP”). All eligible workers will likely be granted shares of firm inventory every year, for free of charge, permitting them to earn possession over time by their service to the corporate and accumulate retirement wealth. Kern River Brewing joins a gaggle of elite 100% employee-owned firms throughout the USA of America, together with different respected craft breweries akin to Harpoon Brewery, Deschutes Brewery, Breakside Brewery, Left Hand Brewing, Odell Brewing, Alaska Brewing, and New Glarus Brewing.
Kern River Brewing was suggested within the course of by Ambrose Advisors, an funding banking agency specializing in worker possession transactions and the authorized agency of Musick Peeler and Garrett, LLP. Mentioned Michael Harden, Senior Managing Director with Ambrose, “Eric and Rebecca’s objective was to safe a sustainable future for the Firm in a way that may be extremely helpful to its managers, workers, prospects, model, and the group. Worker possession, when completed proper, advantages all stakeholders and needs to be celebrated.”
And have a good time they shall. Luckily, they’ve a wonderful lineup of craft beers and scrumptious meals to accompany that celebration.
About: Kern River Brewing Firm, Inc. was based in 2005 in Kernville, CA as an award-winning craft brewery. http://www.kernriverbrewing.com
To learn an announcement letter from Eric and Rebecca Giddens go right here
About: AmbroseAdvisors is a nationwide middle-market funding financial institution and monetary advisory agency targeted on guiding and helping enterprise house owners with possession succession planning, together with by worker possession. http://www.AmbroseAdvisors.com
About: Musick Peeler & Garrett LLP is a full-service enterprise legislation agency with workplaces in California. http://www.musickpeeler.com
