C.H.I. Overhead Doors Distributes Equity Dividend Proceeds to All Employees, First Ever Program of Its Kind at Company
Announces Expansion of Relationship with Homes for Our Troops
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When KKR acquired C.H.I. in 2015, they designed an equity participation program that included all C.H.I. employees - the first of its kind in the history of the company. Since that time, the C.H.I. team has grown the business by delivering a market-leading experience for their dealer partners, which has in turn increased the value of C.H.I. and the value of each employee's ownership stake. Today marks the first distribution on the equity program designed by KKR and a major milestone on C.H.I.'s journey of continuous improvement aimed at delivering "A Better Experience" for customers.
Also concurrent with KKR's investment in C.H.I. was their facilitation of the partnership that now exists between C.H.I. and Homes for our Troops - a non-profit organization focused on providing housing for our Nation's Veterans. C.H.I. is proud of the accomplishments to date achieved with HFOT and our dealer partners in providing garage doors to disabled veterans nationwide. Today's expansion of the partnership will increase the positive impact our organizations contribute to our Country's heroes and their families.
"For over 20 years, C.H.I.'s employees have driven its growth and success in the marketplace," said
"Regarding our ongoing partnership with HFOT, on behalf of the entire C.H.I. Family, including the many Veterans we are privileged to call our co-workers, we are pleased to build on our contribution to HFOT and are excited to see the future impact it will have for our Nation's Veterans."
The KKR Industrials team has utilized this unique employee ownership model at four manufacturing companies, with C.H.I. being the latest. Beyond sharing ownership, KKR values employee engagement by having companies invest in the workforce in areas such as safety, and by partnering with the workforce to give back in the community.
"We believe the heart and soul of any manufacturing company is its employees, and that remarkable results can be achieved when they are treated as such," said
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world‐class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about
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