July 7, 2017









"This is my single proudest achievement as Founder & CEO of Modern Times,” said majority owner Jacob McKean. "I'm supremely excited for our deserving employees, who have shown an almost perverse degree of dedication over the last 4 years. Now, they will benefit directly from the company's success as co-owners. This is as it should be. Making Modern Times an employee-owned company gives me a sense of satisfaction that is somewhere beyond joy."





Started in Point Loma in 2013 by Jacob McKean, Modern Times is currently 30% owned by its 116 employees after repurchasing shares from investors, but the company has engaged Ambrose Advisors to construct an employee stock ownership plan so that it will become 100% employee-owned. In its 4 year tenure, Modern Times has gone from a small Point Loma brewery and tasting room into a powerhouse brewery - now with a North Park tasting room, an ambitious project in downtown Los Angeles in the works, a huge brewery destination aimed for Anaheim , an in-house coffee roaster in Point Loma, and a brewery tasting room heading into Encinitas in North County San Diego.





For more information on Modern Times Beer, visit moderntimesbeer.com

Following in the footsteps of Colorado's employee-owned New Belgium Brewing Company, San Diego's Modern Times Beer announced today that it will be transitioning into California's first 100% employee-owned brewery. "My hope is that this will point the way forward for other businesses in our industry and beyond,” said McKean. “Our trajectory shows that a company can grow at a meteoric rate while handsomely rewarding all of the people who made that growth possible; in fact, we show that it is necessary. Our values and culture are competitive advantages that have propelled us to where we are today. Modern Times is proof that a start-up brewery can compete and win in the craft beer market without selling out, all the while taking outstanding care of our employees and rewarding our investors."