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re: Anyone else ever learned the company you work for is actively seeking buyers?
Posted on 2/5/26 at 12:48 pm to Naked Bootleg
Posted on 2/5/26 at 12:48 pm to Naked Bootleg
Went public to private, took about 18 months for them to get to IT dept. over 10 years, we got 6 month severance. Also got full bonus if we stayed till year end. I was about to start a gov job, when they called me back 3 months later, back with about 20% increase in pay.
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Posted on 2/5/26 at 12:58 pm to Naked Bootleg
Company I worked for in the early 2000s went through this. Bought by a larger company. We were told for 18 months after the acquisition that "nothing will change...we are leaving everything as is. You guys are already doing your jobs well". After 18 months we were all called into a meeting. We could move out of state to the new company's HQ and stay there at least 1 year and be rewarded with a bonus = to 50% of our salary. Or stay for 4 months in the current location and get a bonus = to 15% of our salary. I left as soon as I found something comparable within two months.
They always lie in these types of deals.
They always lie in these types of deals.
This post was edited on 2/5/26 at 1:05 pm
Posted on 2/5/26 at 12:59 pm to Naked Bootleg
Delete
This post was edited on 2/5/26 at 1:04 pm
Posted on 2/5/26 at 1:00 pm to ShoeBang
quote:General generalization is generally too broad.
Just remember whatever the owners / management over your head tell you is a lie.
I’ve personally been through three individual acquisition/divestitures (one side of the fence for one and two times for the other).
In all of them, without exception, the folks who left afterwards fired themselves.
And I was neither lied to nor did I ever lie to anyone.
Obviously your experience may vary.
PS: None of my experiences involved PE. They are generally soulless.
Posted on 2/5/26 at 1:06 pm to Naked Bootleg
I’ve always been on the other side. I work for a F500 company. We do acquisitions all the time. Usually it’s privately owned regional competitors. We generally keep all the employees and it’s usually an improvement for them as they end up with better benefit packages than what they had before.
Several years ago we did a large acquisition of a nationally based competitor. We had a hiring freeze leading up to the buyout knowing that their would be an influx of redundant positions and we wanted to maximize the open positions needed to fill with the new incoming employees. Worked out fairly well. Between our hiring freeze creating vacancies and then some of the acquisition employees choosing on their own to go work elsewhere, I don’t believe we had to severance many people out.
Several years ago we did a large acquisition of a nationally based competitor. We had a hiring freeze leading up to the buyout knowing that their would be an influx of redundant positions and we wanted to maximize the open positions needed to fill with the new incoming employees. Worked out fairly well. Between our hiring freeze creating vacancies and then some of the acquisition employees choosing on their own to go work elsewhere, I don’t believe we had to severance many people out.
Posted on 2/5/26 at 1:12 pm to Colonel Angus
quote:
nothing will change...we are leaving everything as is.
Why does anyone ever believe this? New owners are ALWAYS going to have some different ideas. Things always change.
Posted on 2/5/26 at 1:55 pm to Naked Bootleg
I’ve been in a couple of situations where most of the employees knew we were up for sale, including one where we were bought by a PE that told us there was a 5 year plan to help us grow for the flip.
That company was indeed flipped by the PE and is now part of Baker Hughes.
That company was indeed flipped by the PE and is now part of Baker Hughes.
Posted on 2/5/26 at 2:16 pm to Naked Bootleg
i'm an engineer but we are a small sales company and run our saleforce. 2 years ago my boss had me run these 10 year reports of our Net and GP. then kept asking for futures and I had to beat it out of him that he had an offer.
didn't sell, but it was a little bit of a shocker
didn't sell, but it was a little bit of a shocker
Posted on 2/5/26 at 2:18 pm to Salmon
quote:
I was told nothing was going to change
No matter what it is, if things change at the top.. And then they tell everyone there will not be any new changes... 99% of the time its complete bullshite.
Posted on 2/5/26 at 2:21 pm to Naked Bootleg
I learned this a few weeks ago. Big whatever, be moving from one overlord to the next.
Posted on 2/5/26 at 2:21 pm to Naked Bootleg
quote:
. And only one or two would be a good thing or even on 'okay' thing.
Lies. Getting bought out is almost never a good thing, no matter how much the parent company insists "nothing will change".
This post was edited on 2/5/26 at 2:24 pm
Posted on 2/5/26 at 2:23 pm to Naked Bootleg
Not all PE is the same. Some PE firms are actually in it for the long run to grow businesses, but it's the bottom feeders (who generally buy distressed assets - aka dying companies) and the clowns with massive amounts of cash who just plug in a freshly minted Ivy League MBA as CEO and hope for the best that make the news and ruin the opportunity.
Other PE firms are all about building companies with bolt-ons until they are either a cash cow or ready for IPO. Still others just build companies for the sake of growing their portfolio.
Competitors - referred to as "strategics" in the investment banking biz - can be anywhere from the best thing ever to train wreck as well, but they generally do have more of a vested interest in sustaining the business and keeping key employees, particularly if they live in an adjacent market and only want to consolidate back office and exec roles.
Other PE firms are all about building companies with bolt-ons until they are either a cash cow or ready for IPO. Still others just build companies for the sake of growing their portfolio.
Competitors - referred to as "strategics" in the investment banking biz - can be anywhere from the best thing ever to train wreck as well, but they generally do have more of a vested interest in sustaining the business and keeping key employees, particularly if they live in an adjacent market and only want to consolidate back office and exec roles.
This post was edited on 2/5/26 at 2:29 pm
Posted on 2/5/26 at 2:30 pm to Naked Bootleg
Multiple times both public and private. Most of the best folks always seem do well, but some damn stagnate toes gets stepped on in the process.
Good Luck as I been on both sides of it and it's a lot of things but it's not boring.
Good Luck as I been on both sides of it and it's a lot of things but it's not boring.
Posted on 2/5/26 at 2:31 pm to Ramblin Wreck
He spoke straight-up truth.
ROI is a real thing.
ROI is a real thing.
Posted on 2/5/26 at 2:39 pm to Naked Bootleg
Maybe they are tired of dealing with their employees. Ready to sell and move on.
Posted on 2/5/26 at 2:47 pm to Naked Bootleg
quote:
Anyone else ever learned the company you work for is actively seeking buyers?
Kind of
I was a dock supervisor for Con-way freight when they got bought by XPO Logistics. About a month before it was announced i was in my managers office and he had a PowerPoint open on his computer that was telling managers how to answer employee questions about it once the sell was announced.
Posted on 2/5/26 at 2:48 pm to Naked Bootleg
I have and I sold that fricking anchor and have never regretted it. It was the most satisfying job I ever had until I sold it and started a consulting business. Now I own my own business and have NO employees. If I can figure out how to eliminate customers it will be perfect.
Having said that I have been laid off, fired and quit more jobs than most people ever have. Every time it turned out for the best. When it happens the first few times its terrifying but after about the 5th time its like taking a really satisfying dump....whatever happens you'll most likely be better off in a short while.
Having said that I have been laid off, fired and quit more jobs than most people ever have. Every time it turned out for the best. When it happens the first few times its terrifying but after about the 5th time its like taking a really satisfying dump....whatever happens you'll most likely be better off in a short while.
Posted on 2/5/26 at 2:53 pm to Naked Bootleg
quote:
Bought by a competitor:
I always look at the clusterfrick of the Iberia sale to First Horizon was, EVERYONE that was anyone at Iberia left within 6 months. First Horizon could not keep any valuable employees.
Posted on 2/5/26 at 3:13 pm to Naked Bootleg
What about being bought by a holding company?
Posted on 2/5/26 at 4:38 pm to Naked Bootleg
Yes and every one was leaving left and right and nobody was being replaced.
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