Weber Going "Private"

[GolfGeezer]

I'm not sure this is the right Channel, but I saw this news about Weber:

Grill maker Weber to go private with BDT Capital in $3.7 billion deal (msn.com)

[CHNeal]

Been watching this for the last month. Let’s hope its a build it back better plan and not a chop it to hell and sell it off plan….

[rickgregory]

NO private capital firm works that way. I admire your optimism, but the reason companies like Sears and ToysRus died is greedy finance guys.

[Murdy]

Didn't they just go public about a year ago? Sounds like they're in distress to me.

[CHNeal]

Yep. They thought the Covid sales were the future but after the first year everyone that wanted one had one and the stock went into the toilet.

[Jerod Broussard]

Luckily FTX didn't purchase them, wait, maybe that would have been a good thing?

[rlozinak]

To me, it never looks good for a company when a Capital company buys them.

[Bogy]

Outside of a quick Google search I know nothing about BDT. From Bloomberg:

BDT Capital Partners, LLC operates as a private equity firm. The Company offers private source of capital through affiliated funds for owners seeking growth, acquisitions, liquidity, and going-private transactions. BDT Capital Partners serves clients worldwide.

If they are going to provide capitol to get Weber back on it's feet, great. It doesn't sound like a "chop'm up and sell off the pieces" outfit. Fingers crossed.

[DavidNorcross]

They have one goal in mind. Make money and they will do it at all costs. Would love to see the alternative, but history speaks for itself. We can only hope at this point.

[Uncle Bob]

Can't help but wonder if this was a double shuffle caused by disagreements within the Stephens family/heirs on how to value the company sale when they wanted to get their money out. They possibly couldn't agree that the private offers were sufficient so ended up negotiating to go public hoping/expecting the stock market might give them better valuations. The VC guys figured they would end up with it either way. Since it costs a bunch to launch a stock offering the Stephens folks may not have done so well after all. Without knowing a lot of financial details it's tough to know if those expenses offered better tax consequences or not. High finance stuff.....

[gcdmd]

Heck, Bob, if it doesn't involve reading x-rays or trying to teach college students anatomy and physiology, I don't have a clue.

[CHNeal]

Either way I figure to put a new in box 26 and a new in box master touch in storage. That should future proof me and make it so I don’t care either way.

[saneric38]

Wife just got me a master touch for our anniversary. Went ahead and ordered the SnS that was on sale to go with it.

[captainlee]

Every company that i have ever been associated with that was bought out didn't go well for the employees. Cuts and changes are inevitable. When they get the numbers where they want then they dump it again and run. If they can't get the numbers they want they will dump and run leaving the carnage behind. Hopefully all goes well for them.

[smokin fool]

Agreed. This has happened to me more than I care to admit.
Get your resume in order and start looking.
When you find that new job get what your owed, pack your tools and hit the road.

[Robermax]

Have been considering an E6 for a year. Wonder what this means for that potential investment.