Private Equity Companies Are Buying Thousands of Independent Contractors Out. Here’s Why They Will Fail.
Every year since COVID, private equity firms based out of California, Seattle, and New York have been investing hundreds of millions of dollars gobbling up independently owned HVAC, Plumbing, and other trades-focused contracting businesses. Here’s why they will fail. Reason 1: Taking the founder out of the business fundamentally changes the incentive structure for employees. […]
