Private Equity Firms Are Now Acquiring Skilled Trade Small Businesses

Turns out those years at vocational school and going into business instead of going to college are starting to pay off. Other than having the benefit of learning a trade, private equity has now taken a keen interest in buying skilled trade small businesses, according to a new report from the Wall Street Journal. Private equity firms nationwide are acquiring home services companies, such as HVAC, plumbing, and electrical businesses, aiming to create larger, more profitable operations. This trend moves these companies away from family ownership, offering mom-and-pop businesses significant...