Services that PE has ruined in my city by rent-seeking:
- Veterinary services
- Dental services
- Optometry services
- Urgent care services
I go out of my (sometimes significantly) to go to non-PE owned companies and services, and the experience is so much better it's like experiencing an entirely different quality of life. My 2¢ is that a decent chunk of the "dissolution of the social contract" in the US is due to the way that people are treated when they interact with these soulless entities.Storage unit rental went from $90 in 2014 to $110 about 2017, but then was acquired by CubeSmart which is publicly traded: now $241 per month. I know the local taxes and they have stayed about the same all those years.
Though less critical to our lives, PE has ruined loads of retail and restaurant options as well - Sears, Toy ‘R’ Us, Red Lobster, and Shari’s come to mind.
Water used to be managed by a local cool here where I live. I had been for decades.
A few months ago i got an email saying that PE had acquired it.
I was paying between ~$25/month before. Today i got the first bill from new management for $89.
Same volume/usage, nothing significantly different.
Sigh.
Coutry wide only 16% of dental practices are DSO, and it's not that functionally different from junior dentists getting loans to set up their practices with practices themselves as a collateral.
I wish there were some kind of public database that allowed easy lookup of whether a given company is owned by a private equity firm.