Problem with private equity is you have a group investing in an industry that may/may not have any experience operating. They perform due diligence prior to purchase, if it looks good they buy the business.
If they understand the industry and have experience operating in this industry (depends on who the buyers are) it may be a good fit. This may be good or status quo for the consumer.
If the group purchased only because the ROI looked promising, but none of the buyers has experience in that industry, it is likely they will bleed off any profit and sell sooner rather than later. This is bad for the consumer.
Goodhue purchased Ossipee Lake Marina (two?) years ago. So far it has pretty much been status quo. Some (experienced) employees were retained (a good thing). Prices?…well it is boating.
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