I work for a middle sized U.S. manufacturer that was sold to private equity 10 years ago then resold to private equity again (both jewish run) 2 years ago. All salaries frozen, bonuses ended, positions slashed, training programs cut, no capital investment in anything, cuts in spending on everything.
They (pe) want to look good on paper as they chop it all up and sell it off. Started with 4 US locations, 2 of which have been sold off to foreign companies, one closed down. Profits are are decent, always have been yet it feels like this business is being flushed.