I agree, mostly, but I've also seen (and been in) situations where the PE acquired a company for it's customer base and knew going in that it was going to gut t

I agree, mostly, but I've also seen (and been in) situations where the PE acquired a company for it's customer base and knew going in that it was going to gut the current leadership and install all new systems & processes [that would support 10x scaling]. This doesn't make PE bad or evil, but it's not accurate to state that PE overlords are always hands-off.