Private Equity's Monopoly Threatens Fire Truck Delivery and Public Safety Across States

The Pennsylvania House of Representatives Appropriations Committee convened on February 21, 2025, to address pressing issues affecting public safety and emergency services, particularly focusing on the fire truck manufacturing industry. The meeting highlighted concerns regarding the consolidation of fire truck manufacturers and the implications for municipalities across the state.

A significant point of discussion was the impact of private equity on the fire truck manufacturing sector. It was noted that three companies—Rev Group, Oshkosh, and Rosenbauer—now control 66% of the market, which is valued at approximately $3 billion. This consolidation has led to increased costs and extended delivery times for fire trucks, with prices reportedly doubling from $1 million to $2 million and delivery times stretching from under a year to as long as four and a half years.

Commissioner Cook acknowledged the challenges faced by fire departments, stating that many are struggling to obtain fire trucks in a timely manner. He emphasized the need for collaboration among state officials to address these issues, suggesting that a coalition of state attorneys general and fire marshals could be instrumental in pushing back against the influence of private equity in the industry.

The discussion also touched on the urgent need for action, as the delays in fire truck deliveries could jeopardize public safety. The committee members expressed concern that municipalities might soon be unable to respond effectively to emergencies due to these supply chain issues.

In conclusion, the meeting underscored a growing crisis in the fire truck manufacturing industry, driven by consolidation and corporate practices that threaten the operational capabilities of fire departments. The committee members called for immediate action to protect public safety and ensure that municipalities can adequately respond to emergencies.