Harkins discusses Maine companies bought by national firms
Jason Harkins, associate dean of the Maine Business School at the University of Maine, spoke with the Bangor Daily News about the growing number of Maine companies being sold to national firms. Harkins, also an associate professor of management, said a trend of consolidation in which larger organizations acquire local businesses can be seen in more established industries. “Once the market kind of matures and stabilizes, and the business model’s pretty well-known, they tend to move toward a concentrated set of winners with a relatively high percentage of the market,” he said.