Yes, the pattern seems to be to quickly transfer value from the company to the PE firm, or directly into the pockets of the PE managers and friends, even if it

Yes, the pattern seems to be to quickly transfer value from the company to the PE firm, or directly into the pockets of the PE managers and friends, even if it hollows out the company and leaves it a shriveled mess. As an example, the PE firm owning our company recently mandated that we switch our tooling from X to a more expensive Y, because Y is owned by the PE firm, and doing so makes the PE firm more money, at the expense of our company. This pattern repeated for multiple solutions we used. Sometimes the PE firm will literally tear the company apart to sell the pieces, inventory, equipment, etc. The goal is to make money. That might come from making the company stronger and more competitive long-term, but in my experience and observation, that is not how a lot of PE firms approach the goal