According to the U.S. Bureau of Labor Statistics, our current labor market faces significant challenges, with 9.4 million open jobs and only 6.3 million unemployed workers available. Even if every unemployed person joined the labor market immediately, the market itself would still face a deficit of 3.1 million positions. The declining labor force participation rate – from 63.4% pre-pandemic to 62.8% today – reflects deeper structural changes affecting employee turnover rates and workplace culture. This…

As a field service business owner, you’ve likely noticed an uptick in chatter around private equity funds over the past few years. This isn’t a coincidence – the field service landscape, particularly pest control, lawn care, cleaning services and more – has become a hot target for private equity investment. But what does this mean for you and your service company? Together with Potomac, WorkWave hosted a panel featuring PE experts and field service providers…

Private equity firms are showing an invested interest in field service industries like lawn care, pest control, cleaning and other sectors, while M&A activity is skyrocketing across these industries at the same time. Sources cite the resiliency of essential services, predictive recurring revenue and business model growth opportunities enabled by technology, training and development as being reasons behind the interest. In fact, Lawn and Landscape’s most recent roundup of the top 100 green industry companies…