McIntosh Group purchased by PE firm

Highlander Partners out of Dallas TX

Second time in 10 years they have been bought. Will be interested to see what this means…

osodelnorte06-17-2022 4:43am

nonoise Details Discussions Posts This discussion 11,226 posts 06-23-2022 at 04:09pm Copy Comment URL Report Comment Edit Delete Well, looks like that private equity firm came up with a great idea to recoup some money and spread that McIntosh love: a $1,500 faceplate tacked onto a box. Al the best, Nonoise
nonoise Details Discussions Posts This discussion 11,226 posts 06-18-2022 at 07:24pm Copy Comment URL Report Comment Edit Delete @cleeds, No, I wasn't aware of Romney doing that but it's quite an unusual thing for him to do as his record is that of strip, dump and run shark. All the best, Nonoise
nonoise Details Discussions Posts This discussion 11,226 posts 06-18-2022 at 03:52pm Copy Comment URL Report Comment Edit Delete This is the business model that Mitt Romney made his fortune from. Take over board by buying out members Take out loans and saddle company with debt Charge enormous fees for "managing" things Make it more efficient by cutting quality and downsize labor to pay interest on debt State your mission accomplished and leave company with debt so large they have to declare bankruptcy Move onto next ~~victim~~ business To think this used to be illegal a long time ago makes one wonder.... All the best, Nonoise