Employee Ownership:

The Story of NewAge Industries

The Timeline

CEO Ken Baker sold 30% of the company to its employees
He sold another 10% to employees
He sold another 9% to employees
He sold the remaining 51%, making NewAge 100% Employee Owned

By the final sale in 2019, NewAge’s share price had appreciated 975%

The Sale

The Stucture

"I've had a lot of other business owners ask me, 'Why employee ownership? Why not just take the cash and walk away?' And my response has always been, 'Because I don't want to see the company that my father started, and that we've worked so hard to build, get broken into pieces, or shuttered, or absorbed by some big conglomerate,' "
Ken Baker, CEO
NewAge Industries

The Pittsburgh Citywide Task Force on Employee Ownership

A partnership between Pittsburgh City Council, the Mayor’s Office, Chatham University, and the nonprofit PaCEO

The PaCEO exists solely to teach people about employee ownership

Pennsylvania Center for Employee Ownership