How Private Equity Is Buying Up Dog Daycares

The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions · Jul 2, 2026 · 9m · transcript

Private equity has quietly consolidated dog daycare and boarding. In this episode, we look at the rise of Camp Bow Wow franchise roll-ups and the new PE-backed chain The Dog Stop, which now operates over 60 locations across the US. Lucas and Luna break down the unit economics of a single daycare center—$1.2 million in revenue at 30% EBITDA margins—and why these businesses appeal to firms chasing predictable cash flows. They also discuss the risks: the 2023 pullback in pet spending, the challenge of finding trained staff, and what happens when a roll-up hits its growth ceiling. Specific…