Some cried. Others were speechless. How front-line workers walked away with checks averaging $240,000 when KKR sold their company

Some cried. Others were speechless. How front-line workers walked away with checks averaging $240,000 when KKR sold their company

It was showtime for the employees of CoolIT. In the late afternoon of March 25th, as an unexpected snowstorm blanketed Calgary, Canada, around 600 mainly front-line workers of CoolIT Systems gathered under an immense tent for a highly anticipated Town Hall. Less than three years earlier, private equity colossus KKR had purchased CoolIT, and as it does for all its acquisitions, awarded equity to everyone. In this case, that meant everyone from th…