As Business Owners Are Retiring in Droves, Private Equity Is Waiting

"As more baby boomers retire and sell their companies to private equity [...] the confluence of private equity and the silver tsunami will create an even wider gap between communities that own and control their services and those that do not. Some communities — New York, Miami, San Francisco — will gain more ownership, more wealth and more power. Others, like Mackinac Island, are drained of control, upside and civic influence. For Americans to have a say in their economic futures, they must make protecting local ownership a national priority."