Pros
You may work with some pretty cool people, until they get fired. To be honest, i cannot think of a single pro about this company. New management is on a power trip, and it's very hard to respect those who do not show it in the first place. sometimes you get to work on projects that you find interesting, but more than likely it will be the same stuff day in and day out.
Cons
New ownership resulted in the removal of over 70 years of experience within the company, and the installation of his 20 something year old son with zero experience as the new COO. If you weren't directly hired by this new COO, consider yourself on the list of people to be fired. Culture drastically changed with this new arrival. Micro managing of all aspects of the job were instilled. Be careful you don't mess up, as your first warning will most likely be you getting fired as well. Inappropriate relationships across management resulting in blatant favoritism. i don't believe you should be starting a family with the first person you hired once you were brought on, and then allowing them to take consecutive weeks off without consequence. This is not a good business practice. keep your ideas to yourself, as upper management will love to use them as their own. Little to no upward mobility. Even if there were, you wouldnt stay long enough to find out. The new COO has had more official titles in the last 2 years, than just about every other employee during the lifespan of this company. Seems as the only upward movement is achieved by this one person. The CEO seems to be in the back pocket of the COO, allowing the rampant restructure of the company with zero pushback. Not a single benefit is provided. basically just working for a paycheck, and for someone to chew you out if you slip up.