Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Gun Range and Shooting Clubs
Private equity has quietly consolidated shooting ranges and gun clubs across the United States, turning local hobbyist spaces into profitable chains. In this episode, Lucas and Luna break down the numbers: about 300 ranges have been acquired since 2020, led by firms like RangeReady and FirstPoint. They explore the economics — recurring membership revenue, ammunition sales, and NRA-backed insurance — and why this corner of the 'sin economy' is drawing institutional capital. Lucas walks through the roll-up playbook: centralize procurement, standardize safety training, and add…
The skinny
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