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Hearth & Home Magazine - A Publication from Village West Publishing
I found the above article on interesting. It ends with mentioning how an investment group based in Los Angeles has bought Jotul...
??? AFIAK there is no relationship between Jotul and PE. Jotul is owned by OpenGate. PE is still privately held I believe.Jotul's ownership by PE means they will aggressively seek to grow sales and profit in a way they obviously never had to do before.
Not always. Sometimes they help streamline manufacturing and provide resources the stove company didn't have on its own. Decisive Dividend bought Blaze King 6 yrs ago and that appears to have worked out.I don't trust these equity companies to do the right thing. They answer to the shareholder at all times, every time.
I wondered the same thing, then I realized PE=private equity??? AFIAK there is no relationship between Jotul and PE. Jotul is owned by OpenGate. PE is still privately held I believe.
I'm rather confident that any equity firm is going to **** and pillage as needed for their own benefit. I was in a stove shop last Friday and the owner who I've done a fair amount of business with was saying stock was low in part to Covid but also they sell everything they get their hands on.Not always. Sometimes they help streamline manufacturing and provide resources the stove company didn't have on its own. Decisive Dividend bought Blaze King 6 yrs ago and that appears to have worked out.
This is the same for corporate America. It's not uncommon in the software industry to see the customer shift from the professionals they serve to the shareholders.I work for a company that is PE owned by major firms and has been for many years
It's....intense. And it's all about growth - growth at the top and bottom line.
But what it isn't about is disappointing customers or ripping out the base of the business.
I work for a company that is PE owned by major firms and has been for many years
It's....intense. And it's all about growth - growth at the top and bottom line.
But what it isn't about is disappointing customers or ripping out the base of the business.