(Kernville, CA) – Kern River Brewing Firm (KRBC), positioned within the small mountain city of Kernville within the Southern Sierras, was established in 2005 and shortly grew to become a vacation spot for beer connoisseurs. Awarded the celebrated title of “Brewery Group of the 12 months” in 2019 on the Nice American Beer Competition, KRBC has at all times centered on high quality beer however by no means took its eyes off of high quality of life. “Now we have been shifting in direction of being employee-owned for some time now,” says co-founder Eric Giddens. “Our staff are a lot part of our success that we felt this was the perfect path ahead for our collective futures and Rebecca and I are so joyful to have the ability to make this announcement right now.” Added Rebecca Giddens, additionally co-founder, “KRBC remains to be family-owned. It’s simply that our household obtained a little bit greater.”
This transfer was made attainable by the newly created Worker Inventory Possession Plan (“ESOP”). All eligible staff will likely be granted shares of firm inventory every year, without charge, permitting them to earn possession over time by way of their service to the corporate and accumulate retirement wealth. Kern River Brewing joins a gaggle of elite 100% employee-owned firms throughout america of America, together with different respected craft breweries resembling 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. Stated Michael Harden, Senior Managing Director with Ambrose, “Eric and Rebecca’s objective was to safe a sustainable future for the Firm in a fashion that may be extremely useful to its managers, staff, prospects, model, and the neighborhood. Worker possession, when finished proper, advantages all stakeholders and must be celebrated.”
And have fun they shall. Thankfully, 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 centered on guiding and helping enterprise homeowners with possession succession planning, together with by way of 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
