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Pete Stavros

Co-Head of Global Private Equity, KKR · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

investorexecutivefounderLinkedIn ↗kkr.com ↗Wikipedia ↗

Pete Stavros is Co-Head of Global Private Equity at KKR, where he oversees strategies across the Americas, Europe, and Asia. He is recognized for pioneering broad-based employee ownership programs within private equity and founding the non-profit Ownership Works.

36statements → 14claims → 12claims resolved → 83%fully supported → 3.81/5average certainty → 1.69/5average debate potential → ≈4.5/5argument clarity, estimated → 5said about them ↓

10 supported 2 partly supported 0 contradicted 2 not checkable as stated how the 14 claims stand · each chip opens the sources

14 assertions · 2 opinions · 13 insights · 7 disclosures · every statement was checked. The predictions and assertions are the 14 claims: statements the public record can support or contradict. 12 are resolved, and 2 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Pete argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Stavros: C.H.I. Employee Ownership Paid $175K Average, Up to $1M
“So the end payouts ended up being 175,000 on average, and we had hourly workers and truck drivers make almost a million dollars.”
Pete Stavros Sep 15, 2022 ▶ 26:20 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
88% certainty 3
94% certainty 4
none yet certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Pete Stavros on measured tape to publish a rate. This says nothing about how they speak.

Everything Pete Stavros said on Capital Allocators that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Supported
Stavros: C.H.I. Grew Revenue 120% While Scrap Rose Only 7%
“Revenue was up a 120%. You took all this market share, lead time advantage versus the competition gapped out massively. Despite the 120% revenue growth, scrap only grew seven percent.”
Pete Stavros Sep 15, 2022 ▶ 41:20 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
Assertion Partly supported
Stavros: Top PE firms each control up to one million employees
“Or in a more concentrated way, could you convince Blackstone, Carlyle, TPG, Apollo, Aries, Warburg, Pincus, Bain, a handful of companies which each control half a million, million employees.”
Pete Stavros Sep 15, 2022 ▶ 44:46 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
Disclosure
Stavros: KKR Rejects Deals Lacking Clear Transformation Catalysts
“The ethos of our strategy in US private equity is around transformations. We're looking for good companies that we can inflect in a meaningful way and transform maybe operationally, maybe through acquisition or growth, maybe strategic repositioning, top gradin…”
Pete Stavros Sep 15, 2022 ▶ 3:40 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
Assertion Not checkable as stated
Stavros: About a Quarter of C.H.I.'s Workforce Is Amish
“This is Amish country about quarter of the workforce is Amish.”
Pete Stavros Sep 15, 2022 ▶ 4:32 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
Assertion Not checkable as stated
Stavros: C.H.I. had 21% EBITDA margins and mid-single-digit growth at acquisition
“The rough economics of CHI overhead doors when we bought it were 20% or so EBITDA margins. I think they were 21% gross margins in the low thirties, solid mid single digit growth. It had been a steady, slow market share gainer.”
Pete Stavros Sep 15, 2022 ▶ 5:45 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
Disclosure
Stavros: KKR wrote a $250M equity check for C.H.I. Overhead Doors
“Even when we bought this was really a mid-cap deal for us, and we had always had a thought we would start a mid-cap strategy, so we were happy to do it, but this was a two hundred and fifty million dollar equity check, and our fund sizes are many, many billion…”
Pete Stavros Sep 15, 2022 ▶ 7:47 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
Disclosure
Stavros: I did four annual shop-floor Kaizen events and toured Toyota plants
“I myself used to do four Kaizen events every year, a week of time working on a shop floor. We would go to Japan for 10 days at a time, and we would have the founders of the Toyota production system take us around to a dozen of the world-class lean plants in th…”
Pete Stavros Sep 15, 2022 ▶ 10:16 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
Assertion Supported
Stavros: C.H.I.'s OSHA recordable incident rate was 14 per 100 workers
“The injury recordable incident rate, which is OSHA's key metric of safety, was 14 at the time, so what that means is for every hundred people in the plant, how many people per year were getting hurt? It was 14 out of a hundred per year.”
Pete Stavros Sep 15, 2022 ▶ 16:16 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
Assertion Supported
Stavros: C.H.I. Frontline Workers Received $9,000 in Interim Dividends
“Over the years, we paid four dividends. Those dividends amounted to about 9000 dollars per employee.”
Pete Stavros Sep 15, 2022 ▶ 27:32 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
Assertion Supported
Stavros: Nucor plant workers made roughly $35k in profit sharing last year
“If you look at their financials, I think their manufacturing plant employees made last year on top of their wages, like 35,000 dollars in profit sharing, a lot of money.”
Pete Stavros Sep 15, 2022 ▶ 32:12 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
Assertion Supported
Stavros: About 20 PE firms have committed to Ownership Works
“So we've got about 20 private equity firms signed up, and by signed up, I mean they're committed to doing this at least a few times in their portfolio, following our standards, and then sharing some data back to the nonprofit so we can track where's the money …”
Pete Stavros Sep 15, 2022 ▶ 37:48 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
Disclosure
KKR Prepaid for Goldman Sachs Financial Coaching for C.H.I. Workers
“I think we've gotten it right on the back end in terms of when we sold the business, prepaying for financial coaching with Goldman Sachs, prepaying for tax help to make sure people appropriately and timely file their taxes.”
Pete Stavros Sep 15, 2022 ▶ 40:25 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast

The other half of the tape: Pete Stavros's own voice is left out of every number here. Other people bring the name up 5 times in 2 episodes on Capital Allocators. every mention, with the transcript →

Who brings them up most Ted Seides 5

Every mention by year

tap a year for its mentions
0031522024episodesmentions
0122024episodes it came up in
001.312.522024episodesmentions per episode
2024 5 mentions in 2 episodes 3 per episode

Appearances (1)

EpisodeDateSpeaking time
SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast Sep 15, 2022 35m
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