KKR to Sell GeoStabilization International To Leonard Green & Partners; All 900+ GSI Employee Owners To Earn Cash Payouts, With Longest Tenured Hourly Employees Each Receiving Over $325,000 In Proceeds; Financial Terms Of Transaction Not Disclosed

KKR & Co Inc Class A -0.14%

KKR & Co Inc Class A

KKR

91.23

-0.14%

All 900+ GSI Employee Owners to Earn Cash Payouts, with Longest Tenured Hourly Employees Each Receiving Over $325,000 in Proceeds

KKR today announced an agreement to sell GeoStabilization International ("GSI" or the "Company") to Leonard Green & Partners, L.P. ("LGP"). GSI is a leading provider of geohazard mitigation solutions and roadway safety services. The sale delivers a return of five times the equity invested by KKR, and all GSI employees will receive substantial cash payouts on their ownership stakes in the Company.

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