> eventually their offerings will not be competitive.

How so?

If you read the article it provides a good example. Fire truck businesses with a 4 year backlog and high margins. This is less competitive than the situation prior to PE consolidating it when it had much lower backlog and ~3% margins. Seems like a clear market opportunity.

	▲	mcphage 7 hours ago \| parent [-]
		Ah, okay. Sorry, I misread what you had said. I missed the “owned”, and thought you were saying the PE companies themselves would be uncompetitive—and wasn’t sure what you meant.