Mytee acquired by Dry Fly Capital

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FB19087

Guest
"Dear Mytee Customers,

After founding and owning the company for the past few decades, John and the LaBarbera family have announced their decision to transfer ownership of Mytee Products. This decision was made to facilitate the continued record growth Mytee has experienced, and allow us to meet the demand for the highest quality and most innovative cleaning equipment on the market!

The new owners, Dry Fly Capital, are a family owned private equity fund with an outstanding reputation in the community. They, along with our new CEO Robert Botch, will be bringing decades of entrepreneurial and management experience to the team, with the goal of taking Mytee’s operations to the next level!

Robert is looking forward to getting familiar with you all in the community, and has big plans for the future of Mytee. His background includes marketing management roles at Black & Decker, before taking his talents to Silicon Valley where he filled several senior level positions at tech and gaming companies.

We’re excited for what the future holds for Mytee; our best days are still to come! There will be changes coming, some small and some not-so-small, but all will reflect our renewed commitment to the best customer experience in everything from machines to service. For now, there are only a few changes for you to be aware of, namely that Mytee Products, Inc. will now be doing business as Mytee, LLC! In addition–to help us meet our goal of consistent, excellent customer experience over the life of our products, we will begin distributing our machines exclusively through our existing network of certified Mytee distributors (parts, tools and accessories will still be available for direct purchase from Mytee).

Rest assured that the same core team that was here last week is still here and committed as ever to continuing to make the Mytee equipment that you love! Our founder John LaBarbera, after taking some well deserved personal time, will still remain closely involved in the development of new and innovative products that keep Mytee on the cutting edge of the cleaning industry.

Again, we are all incredibly excited for what we have in store, and can’t wait to show you all how great this next chapter for Mytee will be."



@Nomad74
 

Nomad74

Boy Sprout
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What I know about investment firms, They buy a company, sell off the assets, and move on to the next one. Will this happen?
 
F

FB7777

Guest
You’ve watched Wall Street movie too much

that’s a raider

these guys are most likely a venture capital group or conglomerate
 

Mikey P

Administrator
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Oct 6, 2006
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The High Chapperal
No, PE keeps leadership for a while but they have high profit expectations.
The PE board pays for the acquisition out of profits and now there is a true Board of Directors (more mouths to feed) and the board not the family makes the decisions.
Hard for cowboy entrepreneurs to adapt to the corp world
 
Joined
Oct 7, 2006
Messages
18,851
Location
Benton KY USA
Name
Lee Stockwell
Buy a great American company, then outsource production to an Asian knock-off facility to cut corners in 100's of places.

The rude awakening will come when this company's new owners realize they can't do that.

Mytee already has.
 

Jimmy L

Member
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Oct 7, 2006
Messages
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Ne
Name
Jimmy L
I suggest the mytee employees start looking for another job.
Like Lee said all production will be moving to asia.
Another sell out american company .

You've already seen the videos from asia ( China?)
 

Mikey P

Administrator
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The High Chapperal
Im making a tombstone for Fred out of this

1605298860886.png
 
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Reactions: randy and BIG WOOD
F

FB19087

Guest
any pics of the original straight manifold?

it was brilliant.

this is the original (not my pic)

myteeh10.jpg


I didn't take pics of the final version they sent as I didn't put it on the wand before sending it back
 
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