Wow! Didn't see that coming. Wondering if selling off Ferris had anything to do with this?

 

Who bought Ferris?

 

Interesting indeed.

Private equity firm=suck every last dime out of them, then liquidate the equipment and real estate.

 

Interesting indeed.

Private equity firm=suck every last dime out of them, then liquidate the equipment and real estate.

Wish your post was false but agree. Same in many different industries.

 

Sounds like they've been in financial distress for a while. From reading a few articles, it sounds like a new Briggs and Stratton will emerge with a focus on strategic acquisitions. Here's the link:
https://ca.finance.yahoo.com/news/kps-capital-partners-agrees-acquire-104500034.html

 

blaming it on covid-thats bull. poor service and parts support is more likely. too bad they bought snapper.

 

I believe you to be absolutely correct in your assumption. COVID-19 is a good excuse but not the problem that brought about their bankruptcy.

 

The executives skipped an interest payment and paid themselves instead. This sounds criminal and I hope they rot in h***.

 

Will ferris still be around? I have those mowers and wondering about service and warranty work

 

me too. Just bought a new one a couple weeks ago. wonder if the dealer knew this was coming.

 

Hope someone picks parts for their engines.......have a few.

 

I hate to hear this. I always heard a lot of crap about Briggs & Stratton. I have owned a bunch of them and seen a bunch of them over the years. I never really personally saw but 2 bad engines the whole time. Both were the same engine and that was a head casting issue that got fixed. I personally owned one and it was totally replaced under warranty. The other my dad owned. It ran until this year. I rebuilt it for him and other than this it looked brand new. I told him how to better care for it for a bit and to be prepaired to buy another mower because it might last a few minutes or a few years.

I have always liked their motors, often preferred them. Especially the Vanguards.

I don't own any Briggs motors anymore, nor do I own any Ferris or Snapper machines. But I really hope all 3 can come out the back end. I have higher hopes though that Ferris and Snapper will make it. Yeah I know Ferris rides better. But the Snapper Pros didn't look bad to me for those who don't want the Ferris suspension.

 

I consider Ferris to be a very good mower, someone will most definitely pick up the Ferris line. I would not be terribly concerned at this point in time. https://romesentinel.com/stories/br...s-for-bankruptcy-protection-covid-19-financial-difficulties-not-expected,101216

I'm still betting Toro will pick them up.

 

Anyone want to buy their shares for $0.22 ?
I've got a small bread basket of 'em.

 

I've got quite a few Subaru small engines on equipment. They just stopped making them. Parts hard to find... What chapter bankruptcy did they file? Anyone know? A lot of companies filing 13 restructuring after this covid.

 

CHAPTER 11, Thus allowing B&S and its creditors to work out a reorganization plan while they continue to operate. Most assets are being sold off.
They did say that this pandemic is weighing them down.

 

mismanagement is to blame and poor products lately

 

I can agree. I haven't bought a Briggs since 1998 until 2018. Bought a 329B/61 with a Vanguard on it. It's a bitter sweet mower. It's my favorite mower with probably my most hated engine I've ever owned. And now with this bankruptcy thing going, who will know if parts will be available cause goodness knows it's gonna need them.

Repower is my foremost thought, and has been...

 

Gonna be interesting to see what happens to Ferris and Snapper.

 

shame they bought snapper/simplicity.

 

I'm pretty interested in a Ferris stander, but there is no way I would buy one without knowing what's going to happen.

I'm sure someone will pick it up, but still.

 

I'm pretty interested in a Ferris stander, but there is no way I would buy one without knowing what's going to happen.

I'm sure someone will pick it up, but still.

I would think they have a big enough following whoever gets them they like to keep it. But then big names get axed fairly frequently when these things happen in other industries so who knows.

I do believe the designs and such are good enough that someone will buy them and continue them, even if under a different name. outside of warranty issues, engine parts and hydro's ect are pretty universal.

 

Just bringing this up to date. Briggs and Stratton is bought out.

https://www.khl.com/international-r...ernational-rental-news/briggs-and-stratton-completes-sale-to-kps/146193.article

 

Never a good thing when a private equity firm buys a company that is already bankrupt.

 

Why's that?
How will this affect briggs name brands?
Thanks

 

Never thought I'd see the day!

 

As a customer of B&S products, I like it in that I should still be able to parts.

As someone that worked for a company that was gobbled by one of these PEF's, I and many others got the chop. I feel for the employees.

 

Is it true that Vanguard engines are totally different than the cheapo little single cylinder B&S?

 

Think of the Vanguard engine as a Cadillac and the rest of B&S engines as Chevrolet's. Not that they are of inferior standards, just not equivalent of the Vanguard.