During the LA fires, dozens of fire trucks sat in the boneyard, waiting for repairs the city couldn't afford. Why? A private equity roll-up made replacing and repairing those trucks much pricier.
… the increasing price is a result of a private equity firm, American Industrial Partners, consolidating the fire truck industry and forcing up prices across the board. For decades before the 2010s, the fire apparatus industry was characterized by relatively stable (inflation-adjusted) prices and ample production capacity.