"As a public-company CEO, you're always focused on the long term, but you also have this quarterly scorecard that your shareholders and investors expect from you," he said. "By being private, it allows us to make the right long-term investments and the right long-term trade-offs."
MacDonald said he made a "substantial" personal investment into CDK alongside Brookfield, though he declined to disclose the amount. Although he is in an acting role, his tenure does not have a defined end date, he said, adding: "I plan to be here for a long time."
Bayerd said Brookfield takes a long-term view of the businesses it acquires and is focused on helping CDK set and achieve its path forward.
"We believe that if we're able to achieve it, the exit — what that exit looks like — really takes care of itself," Bayerd said. "We believe today we have the clear market leader and a mission-critical software provider and we just need to execute upon it to show everyone else what we have, and I think we'll have people lining up to be the next owner of this business."
Taking CDK public again is "absolutely" a possibility, Bayerd said.