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It’s not just vets it’s plumbing, hvac, medical practices. Small PE funds consolidate a few small ones then sell to a bigger PE fund which consolidates a bunch
by qaq 2y ago
It’s not just vets it’s plumbing, hvac, medical practices. Small PE funds consolidate a few small ones then sell to a bigger PE fund which consolidates a bunch of those and so on
- jcomis 2y agoYeah, it's wild. The guy who fixed my garage door recently told me he sold his small time, but well rated garage door repair company to a PE firm. They also bought all his rivals. I had gotten a few quotes and everyone wanted to do a full replacement for several thousand, insisting it was all junk. He fixed it in 20 minutes for $80 and was firm that everything was absolutely in great shape except for the small problem he fixed. The back end of all these companies is the same, some call center/scheduler that manages everything very cheap. They run the purchased companies as fronts and jack the prices and push for big replacement/upgrades until reviews dip. Then they dissolve the company into a generic regional company and sell that to a national like servicepro.
- slimsag 2y agoRegarding several thousands for a replacement.. to be fair, garage doors are probably one of, if not the most, dangerous part of a home to work on
- ceejayoz 2y agoSure, but that's if it needs a replacement. OP didn't. I had the same happen with a toilet; the float needed replacement, but the big plumbing firm claimed it'd be better to replace the whole toilet. Toilet was fine.
- YeBanKo 2y agoWhat area are you in? I need his contact info if he is still in business.
- nitwit005 2y agoAnd then they go broke and people wonder why there is no toy store anymore.