Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Buying Up Taxi Medallions Again
Episode 78 of The Buyout Show examines the quiet return of private equity to taxi medallions. After the 2014 medallion bubble burst, many assumed the industry was a cautionary tale. But with Uber and Lyft prices rising, city medallion caps holding supply tight, and medallion prices at a fraction of peak levels, firms like Marble Arch and Stuart Financial Group are reopening pools of institutional capital. Lucas breaks down the numbers: medallions in New York City that traded at $1.3 million in 2013 are now changing hands between $100,000 and $200,000, yielding double-digit cash-on-cash…
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