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<blockquote data-quote="Techster" data-source="post: 1164785" data-attributes="member: 360">I have a company that competes in a space private equity has taken over.&nbsp; One of the best things that happened for my business.&nbsp; They have driven away labor talent, increased prices, and the quality of service has plummeted.&nbsp; All they care about is the bottom line and they continue to think that they can compensate for an eroding customer base by increasing prices to make up for it.&nbsp; I continue to encourage them to think that way.It&#039;s a story that repeats itself in Private Equity.&nbsp; They buy out successful businesses, roll it up with other companies they&#039;ve acquired in the same sector, and think they can name their price...while the customers suffer.&nbsp; They look at their needed returns, and have bean counters who don&#039;t understand the business chip away at what made the business successful to meet those returns until it&#039;s no longer a successful business.Greed cuts both ways.&nbsp; GT needs to stay as far away from Private Equity as possible.&nbsp; It may seem like PE is helping at first, but at the end of the day, you&#039;ll find they&#039;ve gutted you and it&#039;s too late to turn it around.</blockquote>

[QUOTE="Techster, post: 1164785, member: 360"] I have a company that competes in a space private equity has taken over. One of the best things that happened for my business. They have driven away labor talent, increased prices, and the quality of service has plummeted. All they care about is the bottom line and they continue to think that they can compensate for an eroding customer base by increasing prices to make up for it. I continue to encourage them to think that way. It's a story that repeats itself in Private Equity. They buy out successful businesses, roll it up with other companies they've acquired in the same sector, and think they can name their price...while the customers suffer. They look at their needed returns, and have bean counters who don't understand the business chip away at what made the business successful to meet those returns until it's no longer a successful business. Greed cuts both ways. GT needs to stay as far away from Private Equity as possible. It may seem like PE is helping at first, but at the end of the day, you'll find they've gutted you and it's too late to turn it around. [/QUOTE]

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