Oh we absolutely love to see it: More than 630 truck drivers, office workers and manufacturing floor employees are going to get between $20,000 and $800,000 when garage door maker C.H.I. Overhead Doors sells for $3 billion. This is not a story about a mom-and-pop shop passing out equity and making good, however. The reason employees own stock in the company at all is that private equity firm KKR gave employees a free chance to participate when it bought the company out in 2015. That benefit, plus $1 million in annual factory improvements like air conditioning and breakrooms, contributed to a fivefold increase in value in the 7 years KKR held the company — its highest return on investment in 30 years.
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Qualifications
Oh we absolutely love to see it: More than 630 truck drivers, office workers and manufacturing floor employees are going to get between $20,000 and $800,000 when garage door maker C.H.I. Overhead Doors sells for $3 billion. This is not a story about a mom-and-pop shop passing out equity and making good, however. The reason employees own stock in the company at all is that private equity firm KKR gave employees a free chance to participate when it bought the company out in 2015. That benefit, plus $1 million in annual factory improvements like air conditioning and breakrooms, contributed to a fivefold increase in value in the 7 years KKR held the company — its highest return on investment in 30 years.