CRANES, LIFTING EQUIPMENT & WINCHES The Crosby Group Announces Ownership
Participation Program to All Employees All Team Members to have a meaningful stake at The Crosby Group
The Crosby Group, a global leader in lifting, rigging, and load securement hardware, announced that all global team members will now participate in the equity growth of the business.
This program, designed and supported by KKR who acquired Crosby in 2013, provides every team member employed at the time of a future sale or liquidity event, regardless of location or role, with a meaningful financial stake in Crosby’s growth. KKR and Crosby firmly believe that broad based employee ownership is a key pillar in driving employee engagement and, in turn, building a stronger business.
Robert Desel, CEO of Crosby, said: “All 1,400 of our global team members
impact the value of the business and should see the benefit from the value they help to create. This innovative program does exactly that and will fuel the legendary passion and dedication that has made The Crosby Group what it is today.”
Desel continued: “This program provides incredible alignment across the entire team, right through to KKR, elevating employee engagement and furthering our shared commitment to our core values of safety, reliability and innovation. Our dedicated team members, together with our valued channel partners, will continue the delivery of best-in-class lifting and rigging solutions and support of end users around the world.”
Pete Stavros, Co-Head of Americas Private Equity at KKR, added: “Crosby has a long, rich heritage of market leadership and innovation fueled by the dedication of its employees, many of whom have been part of The Crosby Group team for decades. We, alongside The Crosby Group management team, are thrilled to bring this program in order to commemorate these contributions and align every employee through ownership in Crosby’s equity appreciation.”
q +44 0 1226 290 516 H
www.thecrosbygroup.com
CABLE WORKING EQUIPMENT RENTAL
We have Load Cells and Cable Working Equipment suitable for Cable Laying operations available for hire immediately, at competitive prices. We can offer you:
Complete Grapnel Trains Rigging Lofts Saddleback Line Monitors Running Line Monitors Tensile Link Load Cells
www.dlm-uk.com
hire@dlm-uk.com +44 (0) 2380741700 August 2021
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