Business
Los Angeles Sues American Industrial Partners Over Firetruck Rollup
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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The average woman employee “effectively works for 47 days of the year for free,” according to the Trades Union Congress.
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He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham’s investment philosophy and a contrarian approach to the market and the securities therein. Learn more.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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