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I’m on a city e&a board. A couple of PE groups have rolled up the remaining fire truck manufacturers. 3 companies own 75% of the market. This is a well known is
by Spooky23 1y ago
I’m on a city e&a board. A couple of PE groups have rolled up the remaining fire truck manufacturers. 3 companies own 75% of the market. This is a well known issue… Google away and there’s lots to read about. I know nothing about cement mixers.
A rig that was $500k in 2010 is $2-2.5M now. That’s “cheap” —- volunteer fire companies tend to pimp up the trucks (usually they are paid via grant), cities are cheap on capital spend.
It’s a squeeze play as if you don’t keep the trucks up to date with modern gear, insurers will raise homeowners premiums. Bad look for the mayor.
- namibj 1y agoI assume buying from the European supply is federally banned due to truck import rules? Or would the insurance companies not recognize their capabilities?
- Spooky23 1y agoI think there are some differences in approach and philosophy. Some are probably real and essential and some are more culture in fire service. There are most certainly online discussions at great length on the topic.
- p_l 1y agoThere's at least some difference in design and requirements due to different assumptions about how high one needs to go on external rig, equipment in use, and fire codes. None of it insurmountable but essentially means european vendors would need to make US-custom trucks which wouldn't make for cheap option at least for starters