My former employer was acquired by the private equity consortium for creating value in the services industry and remains fully supportive of current structure strategies and its management, allowed the company to run on its own as an independent company, only changes they did was replaced with new CEO & CFO who are more aligned to PE’s board and strategy. After few years of its successful operation, the plan was to sell the company but due to oil price decline and its effect on the industry the company could not be sold.
