Since transitioning to a 100% Employee Stock Ownership Plan (ESOP) in 2020, Baker Electric has seen the vision come to life—uniting our team under a shared purpose, driving innovation, and fueling sustainable growth across all market sectors. Founded in 1938 in Escondido, CA, Baker now delivers large-scale electrical construction, specialty services, and renewable energy solutions throughout Southern California and beyond.

“Our ESOP has done exactly what we hoped it would,” said President and CEO Ted Baker. “It has strengthened our culture, inspired collaboration, and created real, tangible value for our employee-owners. The success of Baker Electric is now truly shared, which translates into even better results for our clients and industry partners.”

Over the past five years, employee ownership has helped Baker expand as a multi-trade powerhouse through the One Baker approach—leveraging the expertise of every operational group to deliver best-in-class, integrated solutions. With hundreds of long-term team members and a commitment to developing future talent, Baker’s ESOP has become a catalyst for both company growth and individual opportunity.

“Being 100% employee-owned means we are all invested in the same outcome,” said CFO Brian Miliate. “When the company wins, every employee wins. That alignment drives a level of dedication and performance that benefits our clients, partners, and team members alike.”

Today, Baker Electric is proud to be among approximately 7,000 ESOPs in the U.S., representing nearly 14 million participants—and we are proof that employee ownership is a powerful model for building a lasting legacy.