BAKER ELECTRIC IS A 100% EMPLOYEE-OWNED COMPANY
One Baker means shared ownership, unified execution, and better outcomes for our clients.
Since becoming a 100% Employee Stock Ownership Plan (ESOP) company in 2020, Baker Electric has united our team under a shared purpose, driving innovation and sustainable growth across all market sectors. Founded in 1938 in Escondido, California, we deliver large-scale electrical construction, specialty services, and renewable energy solutions across Southern California and beyond.
WE OWN
At Baker we believe in investing in others. It was Ted Baker’s vision for Baker Electric employees to own Baker. He believed when Baker team members own the company, they in turn take care of their company and work hard to make it better. So, he created an employee stock ownership plan so Baker employees could formally have the opportunity to own company stock.
Baker Electric joins approximately 7,000 ESOPs in the U.S. with roughly 14 million participants."I've considered transitioning to an ESOP for the past few years, and I am happy and excited that this day has finally come," said President and CEO Ted Baker. "Our hard-working, dedicated employees are the lifeblood of Baker Electric. We are very excited about implementing this structure and confident that the long-term benefits of this plan will not only enhance our company’s performance capabilities for the benefit of our clients and industry partners, but also bring significant value to our Baker Electric team members.”
How Employee Ownership Works at Baker
At Baker Electric, every team member is more than an employee - you are an owner. Our Employee Stock Ownership Plan (ESOP) gives you the chance to share directly in the success you help create.
Here’s how it works:
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Ownership as a Reward: Each year, you receive a gift of Baker Electric stock simply for being part of the team and contributing to our success.
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Vesting and Growth: The longer you stay, the more you own. After six years, your account is fully vested and 100% yours.
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No Cost, No Hassle: You don’t have to buy in or take any action. Once you’ve worked 500 hours in a 6-month period, you become eligible.
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Built to Grow: Your ESOP account grows every year with new contributions from Baker, plus allocations from any unvested balances.
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Stability and Future Value: Along with competitive wages, your ownership gives you a long-term financial investment that builds security for your future.
The Bottom Line
At Baker Electric, we win together. When the company thrives, every employee-owner shares in the reward. This program keeps our team motivated, engaged, and aligned around a shared goal - because success here is success for all of us.
For more information about becoming an employee owner at Baker Electric, please see our Careers Page.
“Our ESOP strengthened our culture, inspired collaboration, and created real value for our employee-owners. That shared success translates into better results for clients and partners.”
Ted Baker, President & CEO
“When the company wins, every employee wins. That alignment drives dedication and performance across every project.”
Brian Miliate, CFO
What Employee Ownership Means for Clients
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Accountability: Owners on every crew, at every phase
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Consistency: Standardized quality and safety across regions and verticals
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Speed: Cross-functional coordination through the One Baker model
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Value: Long-term partners focused on lifecycle performance and ROI
Quick FAQs
What is an ESOP?
An Employee Stock Ownership Plan gives employees an ownership stake in the company at no out-of-pocket cost to them.
How does ESOP benefit clients?
Ownership drives accountability, quality, safety, and long-term partnership focus.
What is One Baker?
A unified delivery model that integrates all operational groups to reduce risk and improve speed and quality.
How ESOP Strengthens Results
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Shared Purpose: Employee-owners think like builders and act like partners
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Retention and Knowledge: Tenure preserves institutional know-how on complex projects
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Innovation: Ownership mindset accelerates adoption of new tools and methods
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Safety: Culture of care and accountability improves outcomes
WE ARE EMPLOYEE OWNED
BAKER ELECTRIC HAS BEEN IN BUSINESS SINCE
BAKER ELECTRIC BECAME EMPLOYEE OWNED IN
PERCENTAGE OF BAKER THAT IS EMPLOYEE OWNED
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