A Note From Steve: Independently Owned & Operated In TPM Land
Steve shares his thoughts on recent mergers & acquisitions and where M Global fits.
Over the past few years, we've seen a shift in the third party maintenance space. Smaller companies have been bought up, and even some of the big players have merged.
So what's the MGS perspective on all of this?
It's actually just fine with us. We have no interest in becoming a speck in the behemoth company doing the acquiring. No shade to them — but we like the autonomy, the freedom to operate in line with our values, and have an impact in our little corner of TPM land.
We can say with genuine honesty that we care about our customers and the work we do because real people drive the core values of M Global — not a private equity firm that prioritizes maximizing profits above all else.
It's my name and reputation on the line, and I personally have a stake in the output. MGS is independently owned and operated, and I'm proud of it. Fewer and fewer companies in our space can say that.
The TPM world can be brutal
It's true we like to poke fun at the situation — but it's all in good-hearted fun. Businesses have different goals, and we're not calling out any in our space that do things differently than we do. I'm not saying there aren't benefits to the model we're seeing take over the TPM space.
Bigger profits, cash flow, and access to significant resources are all things that come to mind, but we see clear benefits in how we position ourselves and why we do what we do, and we're going to keep doing it.
For anyone who has been affected by the acquisitions and mergers
Maybe you've noticed your rates go up, steeper contract minimums, or a sharp decline in the quality of service — whatever the case, hit us up and let's talk!
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