Industry Backlash Against Private Equity in Trades

There is growing backlash against private equity's role in consolidating home service trades. Critics argue it leads to higher prices, job losses, and fewer opportunities for local entrepreneurs, while proponents cite benefits like capital and professional systems. Nexstar's decision highlights the tension between independence and selling to PE buyers.

“Some in the industry worry that private equity’s hunt for yield is reshaping once-fragmented fields like plumbing and HVAC into consolidated corporate chains. Critics say it can lead to higher prices, job losses and fewer chances for local entrepreneurs.”

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