Thiel Acquired by Private Equity Firm


Just saw the news regarding Thiel's acquisition. I have an outsider (and mostly uninformed) opinion that the company was very much driven by Jim's vision and that after his passing, something had to happen to replace the energy and focus he had. When the owners could not find a suitable replacement with their own resources, they opted to sell the business. Any thoughts as to what happens now? I am concerned that we will not see future innovations in the same vein as the past (maybe the will move more downstream to grow market share). I also worry that they might lose expertise which could impact their ability to honor warranty work...
miles_trane
Thanks for the heads up - I can tell you from experience that value engineering and better efficiencies will be a big priority. The first innovation from them will be a good indicator of strategy going forward - I am with you Miles growing share will most likely be priority number 1.

Could be a good thing - they have bought a highly regarded brand in the industry that has played in only 1 category for 30 years that no doubt will benefit from an influx of investment.