Great news for employees of CHI Overhead door

[Value Buy]

owned by private equity firm KKR.
KKR is selling the company to Nucor and had an employee plan in place to reward employees in the profits.
The average payout per employee was abour $175,000 dollars. Employees had already received $9,000 in dividends since the program was initiated.
Nice to see employees garnering a reward rather than a kick in the ass.

KKR said they are structuring other buyouts in a similar fashion. This is so refreshing to see this happening in corporate America. 


www.businesswire.com/news/home/20220516005324/en/KKR-and-C.H.I.-Employees-Prove-%E2%80%98Ownership-Works%E2%80%99-With-Sale-of-C.H.I.-Overhead-Doors-to-Nucor

(I placed this in current events because I believe more people will see this news rather than if I posted in the investing board)

[Artemis Windsong]

I am happy for these people.

Years ago I was at a function sitting next to a man whose company had been bought out.  They didn't know what was happening with their profit sharing.  He felt it was bought as a cash cow.  I have not seen or heard anything since.

[Value Buy]

I always felt firms like KKR were out for themselves, buying companies and either stripping them for parts to sell or just do a makeover at employee expense and make them profitable and spin it off at a huge profit and were welling to just not worry about the employees.
Happy to see this firm has a different philsophy, or it seems to!