America's new millionaire class: Plumbers and HVAC entrepreneurs

Some local skilled trade companies have been recently bought out. From feedback I’ve heard from customers, quality has declined. Lots of car dealerships locally have consolidated lately and their service quality has declined while prices have shot up.

While private equity may be making some local business owners rich, they’re ruining the customer experience.

Which opens up the door for the next generation.

I have always assumed that as service (or products) get worse consumers will start looking for alternatives. This does not seam to be happening. It might be the alternatives are run out of business and are doing something else now. Maybe consumers have a hard time finding alternatives, as in independent contractors do not show up at the top of the search or are not in the app. Maybe it just cost to much and pays to little to be an alternative. I do not see a lot of open doors.