History
The firm was founded in 1987, when Jerome Kohlberg, Jr. resigned from Kohlberg Kravis Roberts & Co. over differences in strategy. Kohlberg did not favor the larger buyouts (including Beatrice Companies (1985) and Safeway (1986) ), highly leveraged transactions or hostile takeovers being pursued increasingly by KKR., typified by their 1989 takeover of RJR Nabisco. Instead, Kohlberg chose to return to his roots, acquiring smaller, middle-market companies, and in 1987 he formed a new private equity firm Kohlberg & Company along with his son James, at that time a KKR executive. Their intent was to concentrate on transactions that could generate returns through revenue growth and operating improvements using only moderate leverage.
Jerome Kohlberg retired from Kohlberg & Company in 1994.
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