Concern Over Private Equity Impact on Local Markets

A contractor expresses worry that private equity and venture capital firms will 'storm through' the market, leaving small contractors at a disadvantage. He sees it as not entirely bad because it may create repair work, but ultimately a shame for the community.

“if we're competing with the buying power of some of those VCs and private equity, we're gonna have to do something because they're just gonna kind of storm through our market and leave us holding the bag. To me, I don't see it as a hugely bad thing because then I can just make money for the next five years fixing all the stuff that they did wrong. But that's a shame for the community, right?”

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