In June 2022, KKR completed the sale of C.H.I. Overhead Doors, a leader in the garage door industry. In connection with closing, all 800 C.H.I. employees received a substantial cash payout – on average approximately $175,000 – on their equity in the Company.

Since 2011, KKR has implemented broad-based employee ownership and alignment programs, first pioneered by KKR’s U.S. Industrials private equity team and more recently expanding across all control investments within KKR’s Americas Private Equity franchise. To date, KKR has awarded billions of total value through broad-based equity programs to over 45,000 non-senior employees across over 25 companies. KKR currently has 30 portfolio companies with ownership programs. In April 2022, KKR joined more than 60 leading organizations in becoming a founding partner of Ownership Works, a nonprofit created to support public and private companies transitioning to shared ownership models.

0:00 – KKR, C.H.I. Overhead Doors Hosts Owners Meeting

0:57 – What the Sale Means for C.H.I. Overhead Door Employees

2:24 – C.H.I. Overhead Doors Employees React to Receiving Payouts

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