Consolidation in the industry under a private equity group has apparently made getting replacement parts a long and laborious process.
Los Angeles Doesn't Have Enough Fire Trucks Thanks To Private Equity
And there are issues with getting new trucks:
Los Angeles Doesn't Have Enough Fire Trucks Thanks To Private Equity
The Los Angeles Fire Department has trucks, to be sure, but many of those trucks are sitting around awaiting desperately-needed repairs. Those repairs require parts, and parts have to come from manufacturers — manufacturers increasingly wrapped up in the U.S. fire engine monolith that is the REV Group, a conglomerate assembled by private equity firm American Industrial Partners.
And there are issues with getting new trucks:
Even when fire departments can put together these large sums of money for new trucks, they can’t seem to get the dang things because of steep delays in production. Since 2019, “The lead times for delivery from the date the order is placed for a new a fire truck to final inspection has gone from 10-12 months to greater than 2 years in many cases and in some cases approaching 3 years.”