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PADI has been sold to another investment group. Thoughts?

Discussion in 'Q and A for Scuba Certification Agencies' started by Jim Lapenta, Aug 31, 2012.

  1. Jim Lapenta

    Jim Lapenta Dive Shop

    # of Dives: 500 - 999
    Location: Canonsburg, Pa
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  2. dgreenh

    dgreenh Dive Travel Professional

    # of Dives: 500 - 999
    Location: San Angelo, TX
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    I don't have any idea what to think about this. I guess we'll just wait and see what the investment firm does or doesn't do.
     
  3. Rhone Man

    Rhone Man Divemaster

    # of Dives: 1,000 - 2,499
    Location: Cayman Islands
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    Two thoughts occur to me:

    First, PE companies rarely (never?) buy business to leave them alone. Expect change. Plenty of change. Possibly starting new avenues of business leveraging existing client base (which is extensive and global).

    Second, I have a really hard time believing the PADI has annual revenues in the $50 million plus range ("[Lincolnshire] typically backs companies with revenues of around $50 million to $500 million"). However you slice the dice the numbers, there is just no frikkin' way that can be the case with PADI.
     
    vladimir likes this.
  4. archiebald

    archiebald Nassau Grouper

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    Location: Japan
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    I don't think we'll see a huge change. Why? Because as was reported there, "PADI is in a steady business that has continued to do well despite the global recession". This is more of a safe bet for people to invest in when all else is becoming more risky.

    For sure there will be some new ideas but the core business obviously works and if it ain't broke, don't go fixing it.
     
  5. boulderjohn

    boulderjohn Scuba Media & Publications Staff Member

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    Location: Boulder, CO
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    The article seemed to indicate that they were thinking primarily of expanding the reach of the agency even further than it is now. It is possible that those of us who are already in a highly served area will not see that much change right away. (Just guessing.)
     
  6. Doubler

    Doubler Loggerhead Turtle

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    Location: Bremerton, WA
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    Where do I sign up for my BAIN Speciality ?
     
    Rescue Diver68 likes this.
  7. diveprof

    diveprof Regular of the Pub

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    From what I've read, they target "mid-market level" companies with a focus of moving them to the next level. Not necessarily a bad thing at all for PADI -maybe a bad thing for small scuba orgs.
     
  8. mheaster

    mheaster Instructor, Scuba

    # of Dives: 500 - 999
    Location: Tappahannock, Virginia, United States
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    All I can say is WOW!
     
  9. promocop

    promocop Manta Ray

    # of Dives: 500 - 999
    Location: Marina Del Rey, CA
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    Who cares! Isn't this Capatilisim at works?
     
  10. Scared Silly

    Scared Silly Regular of the Pub

    # of Dives: 500 - 999
    Location: on the path to perdition
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    Interesting ... probably why Brian Cronin "retired" just recently.
     
    N2DeepInAz likes this.

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