Party Source Now Employee-Owned
The Party Source in Bellevue is now employee-owned.
Founder Ken Lewis said, "It's been my dream all along to turn this company over to my employees who helped make The Party Source not just the largest beverage and alcohol store in the U.S., but one of the most successful and cutting edge operations as well," in a news release published in part in The Cincinnati Enquirer. "Selling to my employees is the ultimate way to keep this company moving forward even as I turn my attention to New Riff Distilling and Ei8ht Ball Brewing, both located on The Party Source campus."
An employee-owned stock plan launched on January 1 now owns one hundred percent of the company. Fifty-one full-time and eighteen part-time employees are part of the plan.
Photo via The Party Source Facebook page