C.H.I. Overhead Doors Distributes Equity Dividend Proceeds to All Employees, First Ever Program of Its Kind at Company
May 19, 2017Announces Expansion of Relationship with Homes for Our Troops
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170519005484/en/
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
About
About KKR
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
View source version on businesswire.com: http://www.businesswire.com/news/home/20170519005484/en/
Media:
KKR
+1
212-750-8300
media@kkr.com
Source:
Back to Press Releases
Media Contacts
Americas
Miles Radcliffe-Trenner
Telephone: +1 (212) 750-8300
Email: media@kkr.com
Investor Relations
Craig Larson
Telephone: +1 (877) 610-4910
Outside US: +1 (212) 230-9410
Facsimile: +1 (212) 750-0003
Email: Investor-Relations@kkr.com