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11-30-2021, 09:18 AM
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#1
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Senior Member
Join Date: Nov 2011
Location: Where ever the boss says we're going.
Posts: 16,081
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Another Sale....Thetford buy out,
From RV Business
Thetford Acquired by Monomoy Capital Partners
Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, has signed a definitive agreement to acquire Thetford Corporation from The Dyson-Kissner-Moran Corporation, a private investment company.
https://rvbusiness.com/monomoy-capit...uire-thetford/
__________________
 DISNEY LOVERS
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11-30-2021, 10:21 AM
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#2
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Senior Member
Join Date: Aug 2018
Location: ridgecrest
Posts: 1,196
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I'm thinking in about another year we are going to start seeing these investment companies start to dump the RV Business. They are milking the industry right now but when these soaring gas prices, inflation the push for electric energy and the overwhelming inventory out there its nothing but a big invitation for this to happen..
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11-30-2021, 10:35 AM
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#3
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Senior Member
Join Date: Mar 2019
Location: Brunswick Hills
Posts: 914
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That's after they squeeze out the more expensive parts of the payroll (the experienced employees) and find a way to make something cheaper as opposed to better or better value.
__________________
Experience is what you get when you don't get what you want.
"We'll be friends until we're old and senile,....then we'll be new friends."
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11-30-2021, 11:57 PM
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#4
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Senior Member
Join Date: Dec 2017
Location: Nor Cal
Posts: 3,111
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Quote:
Originally Posted by Grumpy
From RV Business
Thetford Acquired by Monomoy Capital Partners
Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, has signed a definitive agreement to acquire Thetford Corporation from The Dyson-Kissner-Moran Corporation, a private investment company.
https://rvbusiness.com/monomoy-capit...uire-thetford/ |
And another one bites the dust…
“Focused on operational value creation” — translation: “Focused on squeezing out more profits…”
__________________
2018 JayFlight SLX 212QBW
1999 Ford F-250 Super Duty Lariat SC, 7.3L PSD, 3.73
Transfer Flow 50 gal aux; Andersen WDH; Prodigy P2
😁 "If a man says he’ll fix something, he will. There’s no need to remind him every 6 months.
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12-01-2021, 06:20 AM
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#5
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Senior Member
Join Date: Nov 2016
Location: San Antonio
Posts: 2,933
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Quote:
Originally Posted by muckinfuss
That's after they squeeze out the more expensive parts of the payroll (the experienced employees) and find a way to make something cheaper as opposed to better or better value.
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Capitalism at its finest. Profits over everything else.
__________________
2017 JayFlight 21QB
2021 Ford F150 SCrew 3.5 Eco, 157”, 3.55, Tow Pkg
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12-01-2021, 06:49 AM
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#6
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Senior Member
Join Date: Apr 2011
Location: near Englewood, FL (South of Venice)
Posts: 1,243
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[QUOTE=LuckyDuck;1014009]And another one bites the dust…
“Focused on operational value creation” — translation: “Focused on squeezing out more profits…”[/QUOTE]
... well said.
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12-01-2021, 08:47 AM
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#7
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Senior Member
Join Date: Aug 2018
Location: ridgecrest
Posts: 1,196
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Quote:
Originally Posted by LuckyDuck
And another one bites the dust…
“Focused on operational value creation” — translation: “Focused on squeezing out more profits…”
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I worked the last 10 years of my carrier for a company that basically got bought out (Black Rock) by and investment company.. This particular one brought in a management team that directed focus strictly on profit and away from customer support. Another thing they did and i hear other investment companies do the same, is completely take over the Companies HR Departments and impose policy that many feel are political. Our quarterly bonuses disappeared, employee perks gone, training budgets shrunk, quality of health benefits dropped drastically while out of pocket cost skyrocketed, retirement benefits replaced by 401K with low company match and they expected more out of top management on salary, lots of hours. I really feel for the employees at these RV Companies getting the squeeze by these investment companies,. With the cost cutting tactics they impose, there is no doubt it effects quality and many many unhappy employees and families. It's all about money
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12-01-2021, 09:21 AM
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#8
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Senior Member
Join Date: Apr 2018
Location: Natalbany Creek Campground, Amite City, LA
Posts: 3,244
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Quote:
Originally Posted by TaftCoach
Capitalism at its finest. Profits over everything else.
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I'll take Capitalism any day in lieu of its alternative 
__________________
AL & JANET KRUEBBE
2019 PINNACLE 37RLWS
2018 NORTH POINT 315RLTS (TRADED)
2017 RAM 3500 DRW DIESEL/AISIN 4.10 AIR BAGS
B&W COMPANION TURN OVER BALL HITCH
Formerly from Sequim, WA
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12-01-2021, 09:50 AM
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#9
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Senior Member
Join Date: Aug 2018
Location: ridgecrest
Posts: 1,196
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Quote:
Originally Posted by AKRUEBBE
I'll take Capitalism any day in lieu of its alternative |
Second that one..
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12-11-2021, 01:29 PM
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#10
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Senior Member
Join Date: Oct 2018
Location: Out there somewhere
Posts: 1,616
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The beauty of freedom is choice! Buy from those you want to support, and don’t ever compromise!
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12-11-2021, 02:13 PM
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#11
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Senior Member
Join Date: Sep 2016
Location: West Michigan
Posts: 695
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Another RV component going down the toilet..
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12-11-2021, 08:38 PM
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#12
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Junior Member
Join Date: May 2015
Location: Boston
Posts: 27
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Quote:
Originally Posted by Hollander Mutthaulers
Another RV component going down the toilet..
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Well, many of thetford’s products have always gone down the toilet. Literally. ������
Hahaha I’ll show myself out…..
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12-11-2021, 09:25 PM
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#13
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Senior Member
Join Date: Dec 2018
Location: Owens Cross Roads
Posts: 3,219
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How many companies does Thetford Worldwide own now?
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12-11-2021, 11:15 PM
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#14
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Site Team
Join Date: Apr 2012
Location: Newark, NY
Posts: 15,904
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Quote:
Originally Posted by RPR
How many companies does Thetford Worldwide own now?
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I believe they have corporate connections to 8 in various forms. I'm not sure how many they own outright.
__________________
Moderator
Think you're too old to cry or swear out loud...walk into your hitch in the dark.
2012 Jay Flight 19RD
2016 Ford F150 XLT 2X4 SC 3.5L Eco Max Tow
2010 Tundra TRD DBL Cab (Traded)
2 new fluffy Corgis, Bayley and Stanley
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12-19-2021, 10:23 AM
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#15
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Senior Member
Join Date: Feb 2012
Posts: 550
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Firm believer in voting with your dollars! Don’t like what a company is doing don’t buy their products. Support the companies that have the same beliefs/morals that you do.
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12-19-2021, 02:22 PM
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#16
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Senior Member
Join Date: Jan 2019
Location: Cincinnati
Posts: 1,186
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__________________
 Ford F250 6.2 Gas, 4X4, Short Bed, Companion Hitch
2019 Jayco 28.5 RSTS, MorRyde orbital pinbox.
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