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Home✈️Aircraft🚁HelicopterHelicopter Main Discussion › Horizon Hobby being sold
12-10-2013 12:58 AM  5 years ago
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hbk2owner

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indianapolis, Indiana

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Horizon Hobby being sold
Did anyone else see this today?
http://www.horizonhobby.com/article...H+Merchandising
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12-10-2013 01:02 AM  5 years ago
hbk2owner

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indianapolis, Indiana

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I seen one time it said they where employee owned. Lol. So how does this come to play?
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12-10-2013 01:03 AM  5 years ago
wrongler

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Brewerton, New York

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YupBill Whittaker
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12-10-2013 01:08 AM  5 years ago
jschenck

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La Vista, NE.

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That is interesting. Does sound like the private equity firms plan to leave management and culture in place. I sure do hope so or they may get a harsh lesson in what make HH so successful (customer service).
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12-10-2013 01:12 AM  5 years ago
Retired2011

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Lee's Summit, MO

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Looks like it will just get better!

If they truly leave important things alone...I suspect they will.
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12-10-2013 01:12 AM  5 years ago
Justin Stuart (RIP)

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Plano, Texas

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Uh oh.Avant RC
Scorpion Power Systems
Thunder Power RC
Kontronik Drives
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12-10-2013 01:37 AM  5 years ago
Flyagra

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Singer Island, Florida

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Since it is private equity, look for them to:
* reduce exposure to or exit less profitable market segments.
* reduce working capital (inventories).
* lower headcount.
* Outsource back office (accts payable, accts receivable, payroll, etc).
* consolidate offices, etc
No one ever buys a company so they can do NOTHING to it. Let's hope they don't screw it up.
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12-10-2013 02:42 AM  5 years ago
Manny1776

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Melbourne, Florida. USA

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THANKS FOR THE POST!!!Fly High, Fly Fun, Fly Secure.........Fly 3D!!!! Bavarian Demon USA Team
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12-10-2013 02:44 AM  5 years ago
Ace Dude

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USA

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I seen one time it said they where employee owned. Lol. So how does this come to play?
Perhaps you're thinking of Hobbico? Hobbico is 100% employee owned:

http://www.hobbico.com/who.html
  
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12-10-2013 02:58 AM  5 years ago
AWittleWabbit

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O.C., CA

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I sure hope they don't fix it till it's broke.

Hopefully, it helps Horizon be even better.
Heli-itis sufferer.
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12-10-2013 03:07 AM  5 years ago
Noobyflyer

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Clearwater, FL

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No investment firm ever leaves anything alone after an acquisition.

If what worked worked, there wouldn't have been a reason to acquire. First comes the hollow assurances of business as usual, then the hacking begins at the end of a brief honey moon to calm anxieties.

Dollars buy control and control dictates direction
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12-10-2013 03:13 AM  5 years ago
midwestpilot

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Crystal Lake, IL

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Not good news... the quality service we have come to enjoy will now be at our expense... an investment firm has no connection to the hobby.. no zest or love of it.. so this will not end well.In life there is no spacebar!

Rich Erikson AMA 6175
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12-10-2013 03:34 AM  5 years ago
hbk2owner

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indianapolis, Indiana

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Here is where I seen "employee owned"
http://www.horizonhobbycorp.com/WhereWeAre/
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12-10-2013 04:58 AM  5 years ago
RM3

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Killeen, Texas - USA

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expect it to go down the drain in a year or so...remember, you have afirm comming in thats interested in the business aspect, yet have no clue about the hobby aspect...when they try to maximize thier bottom line, everything that you once enjoyed about HH will suffer to the point they loose market share, then they will sell off the quivering wreck they leave behind to die a long and slow painful death...sorta like Esky...showing a preference will only get you into trouble, 90% of everything is crap...
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12-10-2013 04:59 AM  5 years ago
Futura SE

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Fayetteville, Arkansas

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We are a UNIQUE situation as a hobby. Non-modeler's don't get it and 99% of the time ruin the company they run. They don't understand why we want what we do. They just don't get it. I don't care if they have a ivy league education in business, many of the practices for our unique hobby won't work.

Fine a good business man that is ALSO a modeler (weird combo, lol) and you have successful businesses. Like RH and Experience and etc and etc...

If it is just run by business men who are sought for high margin items and care only for profit it will die a real fast death. I am 37 and been flying since I was 6. I 100% guarantee this to be true. I know couple of owners in this business personally.

Norman Ross Jr.
Team Mikado USA -- Team Insane Canopy -- Team Scorpion -- Team Evo Power Batteries
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12-10-2013 05:59 AM  5 years ago
Ace Dude

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USA

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Here is where I seen "employee owned"
http://www.horizonhobbycorp.com/WhereWeAre/
Thanks for sharing, was not aware.
  
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12-10-2013 06:00 AM  5 years ago
Qrrambero

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San Francisco / Bay Area

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In the corporate world every year you have to save money some place. Fire employees, do not use to much paper, eliminate the Coffe or water machine. Screw the Janitor, fine a cheaper rent etcc.
God help us..
Ae
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12-10-2013 07:53 AM  5 years ago
JKos

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Redondo Beach, CA

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Wow. This sucks. As said above, these investors do NOT leave anything alone and things WILL change. And not for the good!

Even that announcement says Horizon is employee owned. How does that work when an acquisition like this is done?

- John
RR rules!
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12-10-2013 09:14 AM  5 years ago
Andy from Sandy

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Bedfordshire, UK

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A company looking for growth either does it as it can afford it, organically, or they do it by borrowing.

To me this reads like they want to do something sooner rather than later and the only way they could do it is by bringing in an investment firm. It looks like the only way that firm would do the deal is by taking over the company.

I am guessing in most cases if you are on a strong footing with your bank you would go for some kind of a loan first.
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12-10-2013 11:32 AM  5 years ago
Heli_Splatter

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USA

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Employee owned companies can vote to sell themselves. They all probably walk away with large sums of cash.
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