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Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions

How Private Equity Is Rolling Up the $20 Billion Pet Funeral Industry

When Americans spend over $20 billion annually on pet funerals and cremations, private equity takes notice. This episode drills into the consolidation of pet aftercare — a fragmented industry of independent crematories and small funeral homes being rolled up by firms like GTCR and Pamlico Capital. We track one specific deal: GTCR's 2024 acquisition of Faithful Companion Pet Cremation Services, a network of 30+ locations built through serial add-ons. Lucas and Luna break down the economics: how PE applies the funeral-home playbook (pre-need contracts, recurring revenue, density plays) to…

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