Owner-operator sentiment: operators don't last in private equity deals

Conejo Services' CEO offers operator sentiment on PE, saying operators are typically the first to go in a private equity deal because they are combative and don't understand financial engineering or structure.

“I've got to give myself credit because the average operator, as you hear in the private equity term, operators don't last in a private equity deal. That's the first people to go because they're so combative. They don't want to listen. They don't understand financial engineering. They don't understand structure.”

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