T.B. Penick: a chained pattern between owner exit signaling and a wage-and-hour wave
Owner Devin Marcellini posted on LinkedIn last week: 'open to conversations with strategic acquirers — 27 years has been a run.' Two business brokers DM'd publicly in the thread. Within the same 30-day window, a wage-and-hour PAGA class action was filed in San Diego Superior alleging unpaid OT and meal-break violations across 90+ field workers. Owner exit + workforce litigation is one of our highest-correlation pre-distress signatures. Expect renewal posture to shift in next 60 days regardless of outcome.
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