If you talk with anyone in private equity, they will typically tell you they are looking for companies with high
barriers to entry, EBITA margins above 10%, recurring revenue, and finally, no unions. Although companies with
collective-bargaining agreements with unions can present challenges, they can also be good investments.
Typically, collective-bargaining agreements between a company and a union require the company to make
retirement contributions for the covered employees to a multi-employer pension plan (MEPP)…
