On January 21, 2019 at 11:24, Mac Burks (39) said...
Comcast struggles with their "field team". I don't know what else to call the technicians and management people. This field team has a single company with a single set of rules and way of doing things and they struggle.
The point I am trying to make here is that Everytime I hear about small businesses being aquired and rolled up I immediately think "when will this blow up?"
Guitar Center lacks the monopolistic hold on their customers that Comcast has. From those articles it looks like they are broke. How on Earth will they survive long enough to tame design/engineering/service/installation teams from these rolled up companies?
IMO "rollups" are just cash grabs for a few at the top. Everyone else loses.
GC has been broke for a long time- they were owned by Bain Capital and from the link, it was Bain that created the debt problem. That has caused collateral damage- they owe Fender and Gibson close to $1Billion and if GC were to default, those companies could fail.
[Link: pitchbook.com]
