In November 2023, Potter Global Technologies, a leading manufacturer of fire and life safety equipment, was acquired by KKR. As part of the acquisition, Potter implemented an employee ownership program in March 2024, making all 850 employees of the company owners. This move is in line with KKR's commitment to promoting broad-based engagement and alignment, as they have supported over 40 portfolio companies in awarding equity to over 60,000 non-management employees. Additionally, KKR is a founding partner of a non-profit organization that focuses on increasing prosperity through employee ownership programs.
The implementation of the employee ownership program at Potter Global Technologies has been met with celebration among the employees. This program not only provides financial benefits to the employees but also promotes a sense of ownership and engagement within the company. The employees now have a direct stake in the success of the company and are motivated to contribute to its growth and profitability.
This employee ownership program is a significant milestone for Potter Global Technologies and its employees. It demonstrates the company's commitment to fostering a positive work environment and recognizing the contributions of its workforce. The program also aligns with the broader trend of employee ownership programs gaining popularity as a means of promoting employee engagement and sharing the benefits of company success.
Overall, the implementation of the employee ownership program at Potter Global Technologies marks a positive development for the company and its employees. It not only provides financial incentives but also fosters a sense of ownership and engagement among the workforce. With the support of KKR, Potter is well-positioned to continue its growth and success in the fire and life safety equipment industry.
Source: [KKR](https://www.kkr.com/insights/potter-employees-celebrate-becoming-potter-owners) [c7b175e9]