The Rough Economics of a Garage Door Company?

Pete Stavros from KKR dives into C.H.I. Overhead Doors.

Pete is the Co-Head of Americas Private Equity at KKR, the legendary firm founded in 1976 that today is a public company managing around $500 billion in assets. Pete previously led KKR’s Industrials team, where he pioneered an employee engagement and ownership model.

C.H.I. Overhead Doors manufactures garage doors and is a recent KKR portfolio company exit. We discuss how KKR became the fourth private equity owner of the business, its gameplan to improve operations and employee engagement, and details of the exit. The runaway success of the deal provides us with a textbook case for the benefits of employee ownership, and we close our conversation discussing Ownership Works, a nonprofit consortium of business stakeholders initiated by Pete that is on a mission to increase prosperity through shared ownership at work.

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