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Los Angeles Sues American Industrial Partners Over Firetruck Rollup

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Los Angeles County accused American Industrial Partners of conspiring to monopolize the market for firetrucks, alleging the private-equity firm’s tactics led to shortages and high prices. 

The county on Thursday brought the antitrust lawsuit against the private-equity firm and Rev Group, a firetruck manufacturer AIP formed two decades ago, as well as Pierce Manufacturing and its parent company, Oshkosh Corp., which aren’t affiliated with private equity. The case was filed in the U.S. District Court in Los Angeles.

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