Well the Keen drivers were informed Yesterday that after 46 years. Keen Transport was sold to an aquisition company called (Platinum Equity) out of California. The scary thing about this sale is that this company has never owned a trucking company. Bill Keen will stay on as CEO, but I bet the old man is rolling over in his grave.
Keen Transport Sold!!!!!
Discussion in 'Truckers News' started by runningman0661, Jan 4, 2012.
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Sounds like you guys might be about to take a haircut.
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I know longer work there, but have a ton of friends that do.
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You now have a 50% chance of being stripped of all valuable equity, levered to the hilt, then flipped, IPO'd or bankrupted.
http://www.zerohedge.com/news/mitt-romneys-defense-bain-capital-and-private-equity-industry-here-are-some-facts -
actually... my grandparents knew this would happen eventually. so I highly doubt my grandfather is rolling over in his grave.
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no one is losing their jobs either.
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Hopefully the "management fees" for Platinum don't come out of the paychecks and the benefits of the drivers, but I am sure they will HAVE TO understand if they do...
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Beware of corporate suits in search of profits. They are scary, dangerous, and should be avoided at all costs. Its still illegal to kill them, but it shouldn't be.
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Dane Corporation made Bain 420 million, RIP... Platinum co$tz, keep those CDL's clean that is what employs a driver.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.