McIntosh Group purchased by PE firm

About 20 + years. 

PE is looking for profit and a multiplier then dump. These guys will own them for 7 years max money in on 3-5 

I'm surprised by the reactions - McIntosh has been owned by Private Equity prior to this transaction.

Expect McIntosh to be bust within 5 years.

Wrong they have been owned by PE several times.

PE is not always evil. Ducati was bought by Texas Pacific Group. They re engineered the entire line, made it profitable, got their multiplier and sold the company to Audi. Oh and won several MotoGP and WSBK titles and are kicking but in America.

Parts Authority in NY auto part’s owns a part of Rock Auto owned by PE and is the fastest growing independent auto parts group in America (coast to coast) .

So a few have had a bad experience my flight from New Orleans to Montréal sucked yesterday that mean I will never fly Air Canada again, think not.

PE is not always bad. Unless you are a communist and well not even then. the PRC owns all the US debit so they are PE and they are looking for ROI. 

@cleeds Bain also owns Guitar Centers since 2007 and BRP Since 2003, Dominos since 1998, just to name a few and they have $150 billion dollar portfolio.

Not a fan of Bain or their track record. Like Carl Ichon they are pirates.

Mitt also came from money, as his father George was CEO  American Motors back in the day. 

Rich getting richer. 

@lordmelton  you have a very valid point on the current state of affairs in the United States. Most tire companies are owned or manufacture in China due to lax environmental standards. That trend has been going on for decades.  

Mc is an American Icon in Hi-Fi like them or not and it would be a shame to see them go the way of other iconic American brands like General Electric that has zero US manufacturing now. 

I also hate to say that @jerryg123 has a point also. Many here are looking for the car crash or the body covered on the side of the road. 

Nationalism aside some offshore production of products is necessary, it is just when companies misrepresent this and say made in the USA, or the EU and it is merely assembled of all offshore content. Truth in packaging and COO so the consumer can make the decision weather to buy or not. Voting with their wallet?

I hope that the PE Venture works out for Mc as this is not their first foray into PE waters.

Time will tell. 

@cleeds let me help you. 

How many plants does GE have in the US?

The number of GE's manufacturing plants in the US has dwindled from 191 in 2017 to 82 plants in 2020.

GE has over 500 plants offshore. 

Aerospace is big for GE as is Health Care and all of the HC unit products are made in Asia. 

Another person who cannot face the facts. Oh joy. That's okay. GE's largest segment is in the crapper as aerospace has been in the tank for 4 years. less than 20% of the manufacturing capacity of GE in in the US. Yep a juggernaut. 

Not fact is they are not what they were and reduced their US footprint by 50 % give or take.  Zero was harsh and not factual but the point is they are not the Iconic bran they were.