As managing editor of Is Husky Injection Molding Systems Ltd. a great investment opportunity? The Toronto Globe & Mail's Streetwise business blog thinks so. The blog has a post today about Husky's new chief financial officer, noting that he may have joined the company in part because of the promise of a "private equity payday."
George Halatsis missed out on one private equity payday. He's not going to pass up on that opportunity again.Mr. Halatsis popped up Thursday as the new chief financial officer at Husky Injection Molding Systems, the manufacturer that was taken private last year by buyout firm Onex. Given Onex's passion for aligning shareholder and management interests, it's logical to assume the new CFO will become a substantial investor in Husky.
The site notes that Halatsis missed an opportunity for a big payday at his previous job at Shoppers Drug Mart, because he joined after the firm shifted from private equity ownership through an IPO. An analyst noted that the Husky job offers "an opportunity for this talented 54-year-old seasoned finance executive to have another 'kick at the can.'"
Its nice to see some bullish comments about a North American plastics machinery company.