Pa. fire companies feel the pinch as private equity buys up truck manufacturers
This story was originally published by the Pennsylvania Capital-Star. In an industry that used to have two dozen independent companies, options for buying firetrucks have dwindled as private equity firms consolidate factories and grow their profits. Prices have outpaced inflation on fire equipment, emergency response leaders told state lawmakers on Tuesday, while noting multi-year delays make it harder and harder to replace an aging fire apparatus, a general term for emergency vehicles. “It’s h...
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