HVAC School manifesto on why owners should not sell to private equity

In 'The Buyout Epidemic' manifesto, Bryan Orr argues outside investors buy home-services businesses to extract margin via sales, software, and squeezing employees, and urges owners to keep ownership rather than sell to PE.

“You can choose to work for or sell to private equity, big organizations that are going to continue to concentrate power for the purpose of productivity, efficiency, profits, sales, skills, those things, which in and of themselves are not bad, but they are soulless.”

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