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My Experience with Private Equity
Posted on 10/9/25 at 8:48 pm
Posted on 10/9/25 at 8:48 pm
Family company of about 200-250 employees that I work for sold majority ownership of company to PE group. PE comes in and the first year is “business as usual”. CEO and management stays the same for the most part. They are very deceitful.
Second year they start cleaning house. They insert their own CEO, HR gets wiped out and replaced with their own little moles, and then they really start trimming the fat in other departments. They demand 20% revenue growth for all sales reps no ifs, ands, or buts. Live and die by the numbers. Management by fear.
They try to get the operating cost down and profit up as much as possible with the end goal of selling the company for a quick profit. They are leveraged against their investors and the bank. It’s basically like flipping houses except they’re flipping businesses. They’ve micromanaged us like I’ve never seen before, and turned a pretty good company in to a horrible place to work. Morale is lower than I’ve ever seen. PE will be the end of America.
Second year they start cleaning house. They insert their own CEO, HR gets wiped out and replaced with their own little moles, and then they really start trimming the fat in other departments. They demand 20% revenue growth for all sales reps no ifs, ands, or buts. Live and die by the numbers. Management by fear.
They try to get the operating cost down and profit up as much as possible with the end goal of selling the company for a quick profit. They are leveraged against their investors and the bank. It’s basically like flipping houses except they’re flipping businesses. They’ve micromanaged us like I’ve never seen before, and turned a pretty good company in to a horrible place to work. Morale is lower than I’ve ever seen. PE will be the end of America.
53
Posted on 10/9/25 at 8:49 pm to HonCHO
You ever watch that movie Wall Street?
Posted on 10/9/25 at 8:51 pm to HonCHO
Sounds like you need some reeducation
Posted on 10/9/25 at 8:51 pm to HonCHO
There are people that have jobs and those that make $$$.
Posted on 10/9/25 at 8:54 pm to HonCHO
Wait until they hire Bain, Deloitte, or McKinsey to help you out. Then come back and start your pissing and moaning.
Posted on 10/9/25 at 8:54 pm to HonCHO
You know you have the ability to leave and go somewhere else?
Whoever owns the company has the right to run however they want. A bunch of long time employees leaving may make them rethink things.
Whoever owns the company has the right to run however they want. A bunch of long time employees leaving may make them rethink things.
Posted on 10/9/25 at 8:55 pm to HonCHO
Sounds a little like the wife's job. Though maybe a little less ruthless.
Posted on 10/9/25 at 8:56 pm to HonCHO
quote:
Family company of about 200-250 employees that I work for sold majority ownership of company to PE group.
Name of company?
Posted on 10/9/25 at 8:58 pm to HonCHO
quote:
They try to get the operating cost down and profit up as much as possible with the end goal of selling the company for a quick profit. They are leveraged against their investors and the bank. It’s basically like flipping houses except they’re flipping businesses. They’ve micromanaged us like I’ve never seen before, and turned a pretty good company in to a horrible place to work. Morale is lower than I’ve ever seen. PE will be the end of America.
Everything you describe, except low morale, sounds like great business management. I’m not going to try to judge your particular case based on a sketchy one-sided complaint, but most PE buys are not at all like you describe. I’ve been involved in a few, and everyone I know of has been a bet on a management team the PE group liked. I have heard of ones like you describe, but they are in the minority.
Posted on 10/9/25 at 8:58 pm to HonCHO
Wonder if its my PE group
Posted on 10/9/25 at 8:58 pm to HonCHO
They worship Satan and sacrifice infants every harvest moon. They are as evil as they come and worship money above all else and have nearly destroyed the economy of the world multiple times. They aren’t Christians for a reason
This post was edited on 10/9/25 at 9:00 pm
Posted on 10/9/25 at 8:59 pm to RummelTiger
quote:
Name of company?
Dunder Mifflin
Posted on 10/9/25 at 9:00 pm to East Coast Band
quote:
Sounds a little like the wife's job.
It does.
Posted on 10/9/25 at 9:00 pm to HonCHO
Recently saw an anonymous source saying our company was being looked at by Blackrock subsidiary for $40B. I’m already looking. They’re shelling out retention bonuses like crazy right now to maintain org structure for the deal to go through. Working under PE sucks a-hole
Posted on 10/9/25 at 9:00 pm to HonCHO
quote:
They try to get the operating cost down and profit up as much as possible with the end goal of selling the company for a quick profit. They are leveraged against their investors and the bank. It’s basically like flipping houses except they’re flipping businesses
Wait until they start using your business to buy other businesses and load your business up with debt. Then bankrupt your business because it cant pay the bills. All the while taking profits from the businesses they bought under your companies name.
It's basically the "frick you, pay me" part of Goodfellas (except legal). The mafia did the same exact thing and when the business wouldn't make any more they burned it down and got the insurance.
Posted on 10/9/25 at 9:02 pm to bad93ex
quote:
Name of company?
I thought you may have been a small animal hospital. They buy a lot of vets.
Posted on 10/9/25 at 9:02 pm to PikesPeak
Blackrock? Holy frick get out while you can. Mafia would be 1000000 times better.
If destroying companies and jobs for a quick buck is your version of a good business model, and you hate connections to the 7 families, KKR or one of its spinoffs will probably hire you. (After you sacrifice your first born to Satan ?
If destroying companies and jobs for a quick buck is your version of a good business model, and you hate connections to the 7 families, KKR or one of its spinoffs will probably hire you. (After you sacrifice your first born to Satan ?
This post was edited on 10/9/25 at 9:05 pm
Posted on 10/9/25 at 9:04 pm to HonCHO
Friend had a similar experience. PE comes in and their goal is to not run the company, but borrow and acquire other companies to later sell and get out.
They’ll end up burning all of their cash, their companies collapse and the opportunity will be there for a new company to replace them with a better product.
They’ll end up burning all of their cash, their companies collapse and the opportunity will be there for a new company to replace them with a better product.
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