Employee Ownership Office

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Founded on CEO Kris Oyler’s dream to open up a brewpub, Peak Food &amp; Beverage is the parent company to three locations of <a href="https://homeslicedelivers.com/">Homeslice Pizza</a>, <a href="https://steamworksbrewing.com/">Steamworks Brewing</a> company (flagship of 26 years), and El Moro Spirits &amp; Tavern (established 10 years ago), all located in the Durango, Colorado area. 

Oyler first discovered a profits interest structure when he didn’t have the money to invest in the brewpub himself. With an LLC, one can separate profits interest from equity interest and voting rights. Oyler was able receive 3% profits interest for his sweat equity in agreement with the equity group. A profits interest structure grants employees a share in the future profits of an organization. Later, Oyler had the opportunity to buy a small equity interest in the company and over time, other employees wanted to be involved with the profits interest and ownership structures. This led to further development of the employee ownership model for Peak Food &amp; Beverage, giving more employees a piece of the Peak (and Homeslice Pizza!) pie.

With such a unique model of employee ownership, Oyler explained that the employees are able to participate through the Peak Employee Holdings LLC for employee-owners to become members. Employees are always able to become members and must go through the membership process and waiting period to be accepted to the LLC. Managers of one year or more are able to opt in to the ownership program. With this structure, Peak Food &amp; Beverage is now 36% employee-owned with targets to reach 50% in the coming years. 

“[Employee ownership has] been outstanding for our culture. Amongst my top-tier management team, the shortest tenure is 6 or 7 years. Some members of the team have been with the company almost the entire tenure of 26 or 27 years,” shares Oyler. “We’ve really reduced turnover and it shows on the bottom line and our profitability. People just care, they’ve got skin in the game, they’re watching closely, they take it to heart, they’re not just clocking in and clocking out. It makes a big difference in their attitude and performance.” 

<blockquote>
<strong>“We’ve really reduced turnover and it shows on the bottom line and our profitability. People just care, they’ve got skin in the game, they’re watching closely, they take it to heart, they’re not just clocking in and clocking out. It makes a big difference in their attitude and performance.”</strong>
</blockquote>

Oyler contributes his advice for businesses looking to set up a similar structure. It’s important to start with a good attorney and a good accountant to help you look through all of your options and the legal structures. It’s important to be aware of any risks when getting involved and transitioning your business structure. 

Explore your employee ownership options and receive employee ownership accountant or legal referrals by <a href="/employee-ownership-consulting">contacting our Employee Ownership Office consultant</a>. 
 
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Founded on CEO Kris Oyler’s dream to open up a brewpub, Peak Food &amp; Beverage is the parent company to three locations of <a href="https://homeslicedelivers.com/">Homeslice Pizza</a>, <a href="https://steamworksbrewing.com/">Steamworks Brewing</a> company (flagship of 26 years), and El Moro Spirits &amp; Tavern (established 10 years ago), all located in the Durango, Colorado area. 

Oyler first discovered a profits interest structure when he didn’t have the money to invest in the brewpub himself. With an LLC, one can separate profits interest from equity interest and voting rights. Oyler was able receive 3% profits interest for his sweat equity in agreement with the equity group. A profits interest structure grants employees a share in the future profits of an organization. Later, Oyler had the opportunity to buy a small equity interest in the company and over time, other employees wanted to be involved with the profits interest and ownership structures. This led to further development of the employee ownership model for Peak Food &amp; Beverage, giving more employees a piece of the Peak (and Homeslice Pizza!) pie.

With such a unique model of employee ownership, Oyler explained that the employees are able to participate through the Peak Employee Holdings LLC for employee-owners to become members. Employees are always able to become members and must go through the membership process and waiting period to be accepted to the LLC. Managers of one year or more are able to opt in to the ownership program. With this structure, Peak Food &amp; Beverage is now 36% employee-owned with targets to reach 50% in the coming years. 

“[Employee ownership has] been outstanding for our culture. Amongst my top-tier management team, the shortest tenure is 6 or 7 years. Some members of the team have been with the company almost the entire tenure of 26 or 27 years,” shares Oyler. “We’ve really reduced turnover and it shows on the bottom line and our profitability. People just care, they’ve got skin in the game, they’re watching closely, they take it to heart, they’re not just clocking in and clocking out. It makes a big difference in their attitude and performance.” 

<blockquote>
<strong>“We’ve really reduced turnover and it shows on the bottom line and our profitability. People just care, they’ve got skin in the game, they’re watching closely, they take it to heart, they’re not just clocking in and clocking out. It makes a big difference in their attitude and performance.”</strong>
</blockquote>

Oyler contributes his advice for businesses looking to set up a similar structure. It’s important to start with a good attorney and a good accountant to help you look through all of your options and the legal structures. It’s important to be aware of any risks when getting involved and transitioning your business structure. 

Explore your employee ownership options and receive employee ownership accountant or legal referrals by <a href="/employee-ownership-consulting">contacting our Employee Ownership Office consultant</a>. 
 
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Gov. Polis Announces Four New Employee-Owned Companies, Pioneering New Workforce Trend in Colorado

Today, the Polis Administration and the Colorado Employee Ownership Office, housed within the Colorado Office of Economic Development and International Trade (OEDIT), announced four new businesses transitioning to employee-ownership with the help of the Employee Ownership Office including Idaho Springs’ Beau Jo’s Pizza. These conversions are part of a growing trend of employee-ownership in Colorado and continue the work of the Polis Administration to save businesses money while ensuring that everyone can benefit when a business thrives.

Read more about Gov. Polis Announces Four New Employee-Owned Companies, Pioneering New Workforce Trend in Colorado

Peak Food & Beverage shares a piece of its pie with employees

Peak Food & Beverage, located in Durango, Colorado, began as a brewing company in 1996 and has since grown to hold five restaurants in southwest Colorado. After launching in the 90s, the business started growing in different ways, acquiring real estate, finding investors, and opening new restaurants, all while exploring an LLC with profits sharing structure to allow financial shares and voting rights to employees.

Read more about Peak Food & Beverage shares a piece of its pie with employees

Growing Employee Ownership in Colorado: Polis Administration Announces 5 New Employee-Owned Companies

Today, the Colorado Employee Ownership Office, housed within the Colorado Office of Economic Development and International Trade (OEDIT) announced 5 businesses that have converted to employee ownership with assistance from the Employee Ownership Grant.

Read more about Growing Employee Ownership in Colorado: Polis Administration Announces 5 New Employee-Owned Companies

The Employee Ownership Office and Exit Planning Institute Share Findings on Business Ownership Transitions in Colorado

DENVER -- Today, the Colorado Employee Ownership Office of the Office of Economic Development and International Trade (OEDIT) and the Exit Planning Institute released the 2022 Colorado State of Owner Readiness Report, offering key insights into the future of small businesses in Colorado. As a growing number of business owners approach retirement, the report sheds light on how prepared they are and how the State of Colorado can help these owners transition out of their businesses, realize the economic benefits of their hard work, and retain jobs across the state.

Read more about The Employee Ownership Office and Exit Planning Institute Share Findings on Business Ownership Transitions in Colorado

Exigo Pays Back Tenured Employees and Rewards New Ones Through an ESOP

Exigo Corporation is an aerospace defense consulting firm offering enterprise and solution architecture, systems engineering, and project management. They primarily work with the United States Space Force assisting them with systems engineering for satellite command and control and just recently, launch. Exigo was established in 2016 and is based in Colorado Springs.

Read more about Exigo Pays Back Tenured Employees and Rewards New Ones Through an ESOP

OEDIT Promotes Nikki Maloney to Director of Business Support

The Colorado Office of Economic Development and International Trade (OEDIT) has named Nikki Maloney Director of Business Support. This position is instrumental in supporting small businesses throughout the state to prosper as a critical part of Colorado’s economy.

Read more about OEDIT Promotes Nikki Maloney to Director of Business Support

Baseline Engineering Supports Leadership and Employees Through Employee Ownership

Tucked between North Table Mountain and the east edge of the Rocky Mountains, Baseline Engineering Corporation was founded in Golden, Colorado in 1998. While Founder John McLain started the company to provide traditional civil engineering services, he held a vision for the foundation of the business to be centered around rewarding employees. Over the past two decades and beyond, Baseline Engineering has since done this vision justice as it’s expanded its expertise, locations, and workforce.

Read more about Baseline Engineering Supports Leadership and Employees Through Employee Ownership

I Am Me Mentors Cooperative Creates Human-Centric Environment through Employee Ownership

To create the genuine, authentic environment they always envisioned for their business, the founders of I Am Me Mentors knew that it all started with culture. A culture that emphasized human-centric processes, valued individualized student and client experiences, and put decision making into the hands of those doing the work - the employees.

Read more about I Am Me Mentors Cooperative Creates Human-Centric Environment through Employee Ownership

Governor Jared Polis Receives Award from The ESOP Association for Employee Ownership Initiatives

DENVER -- Governor Jared Polis has been awarded the inaugural Torchlight Award for his leadership in advancing employee ownership and employee stock ownership plans (ESOP), an honor that comes from The ESOP Association.

Read more about Governor Jared Polis Receives Award from The ESOP Association for Employee Ownership Initiatives

OrganaGardens Keeps Wages Equitable as a Worker Cooperative

With high elevation, low humidity, and intense sunlight, gardening in Colorado is not for the faint of heart. Despite these challenges, OrganaGardens has been providing custom landscaping services to the Pikes Peak Colorado Springs area since 1995.

Read more about OrganaGardens Keeps Wages Equitable as a Worker Cooperative