New Orleans Small Businesses Reject Private Equity Takeovers
Small business owners in the New Orleans area are increasingly resisting takeover attempts from private equity firms. Business owner Craig Jackamind is actively encouraging local operators to pursue local partnerships instead of selling to external buyers. The movement aims to protect staff and the wider community from the effects of private equity ownership. This backlash is reportedly creating new opportunities for smaller-scale financiers.
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Sources · 7 independent
KYW Newsradio 1060
“In the New Orleans area, small business owner Craig Jackamind is pushing other operators toward local partnerships instead of selling to private equity.”
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