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My company is being sold to KKR.. odds that layoffs are coming?
Posted on 3/30/26 at 1:53 pm
Posted on 3/30/26 at 1:53 pm
Our parent company is selling a majority share of my company to KKR.
They have reassured us that they are happy with our operations. That they don't want to come in and rock the boat. But, they also hired a third party audit firm to find "efficiencies".
My company is in the oil/gas/energy sector. I work in the engineering and construction department.
They have reassured us that they are happy with our operations. That they don't want to come in and rock the boat. But, they also hired a third party audit firm to find "efficiencies".
My company is in the oil/gas/energy sector. I work in the engineering and construction department.
17
Posted on 3/30/26 at 2:05 pm to SaintTiger80
Where I worked in 1986 KKR came in and "rescued" us from a corporate take over. We had different locations across the country at the time. They sold off a couple of the under performing divisions to recoop part of their investment.
So it's a possibility, bottom line whatever they need to do to get the most on their return will be done.
So it's a possibility, bottom line whatever they need to do to get the most on their return will be done.
Posted on 3/30/26 at 2:05 pm to SaintTiger80
100%
They will tell you nothing is going to change and then after about 6 months, they’ll start slashing payroll.
Now your specific job? Who knows. But I’d have my resume ready.
They will tell you nothing is going to change and then after about 6 months, they’ll start slashing payroll.
Now your specific job? Who knows. But I’d have my resume ready.
Posted on 3/30/26 at 2:39 pm to SaintTiger80
The 3 biggest lies in the world are:
1) I promise to respect you in the morning.
2) That dress doesn't make your butt look big.
And,
3) Nobody's job will be affected by the merger.
1) I promise to respect you in the morning.
2) That dress doesn't make your butt look big.
And,
3) Nobody's job will be affected by the merger.
Posted on 3/30/26 at 2:52 pm to LSURussian
quote:
The 3 biggest lies in the world are: 1) I promise to respect you in the morning. 2) That dress doesn't make your butt look big. And, 3) Nobody's job will be affected by the merger.
^not this guy’s first rodeo.
They will extract what they can.
Posted on 3/30/26 at 3:04 pm to SaintTiger80
I've seen where it is mostly the accounting/bookeeping/administrative sections that are basically duplicated and downsized.
Posted on 3/30/26 at 3:14 pm to SaintTiger80
They will make cuts and expect the same production and drive it out of the remaining people
Posted on 3/30/26 at 4:09 pm to ItzMe1972
quote:This, the buyer will optimize scale to reduce costs, but if you are generating money or part of the process that does, I wouldnt sweat it too much. Now the job may suck, or be better...just usually have to wait and see. Ive gone thru three mergers or acquisitions and only the last one sucked...it was awesome for about 2 years as they paid us a ridiculous retention bonus....but after that imy historical commission was cut in more than half and territory expanded by about 100%
I've seen where it is mostly the accounting/bookeeping/administrative sections that are basically duplicated and downsized.
Posted on 3/30/26 at 4:13 pm to SaintTiger80
quote:
They have reassured us that they are happy with our operations.
The acquirer has valued your company with specific “synergies” (lots of theory in this word but cost reduction is sure as sun rises in east). That means stripping new entity of redundancies, creating greater economies / scale, etc.
Now comes the “keep the waters calm” story phase, told by those who have already been given great roles in new entity and have lots to lose in future role if waters get rocky or by those who will leave with treasure chest of money and who have exit bonuses tied to calm waters.
Either way, for the average impacted employee, it means high probability of rough waters.
Therefore, as insurance:
Have rainy day fund (6-months expenses especially if kids)
Live below your means and invest early and often to take advantage of compounding.
Keep building your skills to ensure value inside new entities of outside over the long haul.
Good luck!
Posted on 3/30/26 at 6:07 pm to TheWalrus
quote:
after about 6 months, they’ll start slashing payroll.
Now your specific job? Who knows. But I’d have my resume ready.
OP does not want to be looking for a job in Q4 (ever.) He should start applying elsewhere early this summer, so he can learn how bad applicant tracking systems will screw his job search before it becomes a "high priority" search.
Posted on 3/30/26 at 7:00 pm to SaintTiger80
quote:
They have reassured us that they are happy with our operations. That they don't want to come in and rock the boat.
Don’t trust shite they say.
Signed a former investment banker that hates PE
Posted on 3/30/26 at 7:03 pm to Everyday Is Saturday
quote:If KKR's buying the company as a new holding instead of jamming it into an existing portco there won't be redundancies
The acquirer has valued your company with specific “synergies” (lots of theory in this word but cost reduction is sure as sun rises in east). That means stripping new entity of redundancies, creating greater economies / scale, etc.
But they're going to hollow it out. Back office and ops are cooked
Posted on 3/30/26 at 7:06 pm to SaintTiger80
My company brought in “efficiency experts.” Knew I was cooked when the conversation veered to “what would you say you do here, exactly?”
Posted on 3/30/26 at 7:27 pm to SaintTiger80
quote:
they also hired a third party audit firm to find "efficiencies".
Posted on 3/30/26 at 7:39 pm to RemouladeSawce
quote:
If KKR's buying the company as a new holding instead of jamming it into an existing portco there won't be redundancies But they're going to hollow it out. Back office and ops are cooked
Reduction in force (RIF) is coming.
A portfolio company, as we would call it, has return on capital targets just the same. They may hold it for a while to learn from it.
Rest assured RIF monster eventually comes.
Posted on 3/30/26 at 8:07 pm to SaintTiger80
Posted on 3/30/26 at 8:19 pm to SaintTiger80
100%
Posted on 3/30/26 at 8:24 pm to SaintTiger80
Who do you work for?
While KKR is private equity and there are risks, they have a strong history in successful employee stock plans that have resulted in massive payouts to everyday employees. Saw this the other day LINK
While KKR is private equity and there are risks, they have a strong history in successful employee stock plans that have resulted in massive payouts to everyday employees. Saw this the other day LINK
This post was edited on 3/30/26 at 8:28 pm
Posted on 3/30/26 at 9:19 pm to SaintTiger80
I worked for a company that was acquired by KKR while I was there, nearly a decade ago. KKR still owns them, no massive layoffs have happened since the acquisition.
Although they've done other things like split the company into two entities (likely taking one public and selling one).
Although they've done other things like split the company into two entities (likely taking one public and selling one).
Posted on 3/30/26 at 9:24 pm to Enfuego
quote:That strong history is pretty much just 2 case studies. One at a 15x return. PR investment very well spent
they have a strong history in successful employee stock plans
About 10% of their current holdings have plans but they lean towards high growth companies where incentive plans are an effective lever to ensure the revenue story materializes. If OP’s company is a more centerplate operational efficiency investment, broad employee plans are counter to return objectives in almost all cases
This post was edited on 3/30/26 at 11:57 pm
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