5 ms·
I doubt a PE buyout would allow the principal to compete within an X mile radius for Y years post-sale. (PE firms may be a lot of things, but utter idiots is no
by sokoloff 1y ago
I doubt a PE buyout would allow the principal to compete within an X mile radius for Y years post-sale. (PE firms may be a lot of things, but utter idiots is not one of them.)
- throwaway48476 1y agoA principal yes, but the deputy could always take the rest of the staff with them. Principals usually sell for retirement reasons anyways.
- sokoloff 1y agoSure, but my loyalty to our vet is to the main vet, not his deputy or staff. Those people may or may not be great, but they’ve got no (or very little) automatic transference of loyalty from the original vet.
- jjk166 1y agoWell if Y years is less than the expected time for PE firms to lose their customers, then it's a non issue. If Y is longer, then the PE firm is overpaying for their acquisition and will presumably be acquired and gutted by a more efficient PE firm.