Shows / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Lucas and Luna examine private equity through the lens of actual deals — roll-ups in HVAC, veterinary clinics, and funeral services; buy-and-build strategies; and the mechanics of leveraged buyouts. Each episode dissects a specific transaction, from sourcing to exit, using real numbers, term sheets, and public filings. The show serves founders weighing an offer, analysts building models, and investors tracking the industry. Expect critical discussions on valuation multiples, earnouts, debt…
Episodes
The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business AcquisitionsHow Private Equity Is Buying Up Flagging Retail Brands
Private equity has long been accused of buying healthy companies and loading them with debt. But there's a quieter, riskier play: acquiring distressed…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Medical Billing Firms
Private equity has spent the last decade quietly consolidating the back offices of American medicine. In this episode, Lucas and Luna look at the roll-up of…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Rooftop Solar Installers
Private equity has spent the last decade rolling up everything from self-storage and car washes to pet crematoriums. This episode, Lucas and Luna look at the…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Cremation Services
Private equity has spent the past decade quietly consolidating funeral homes and crematories. In this episode, Lucas and Luna dig into the economics of death…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Buying Up Hearing Aid Chains
In this episode of The Buyout Show, Lucas and Luna examine the quiet wave of private equity investment sweeping the hearing aid retail industry. With an aging…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Why Private Equity Is Buying Up Dental Equipment Makers
In this episode of The Buyout Show, Lucas and Luna explore the latest frontier in private equity consolidation: dental equipment manufacturers. With an aging…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Fertility Clinics
In this episode of The Buyout Show, Lucas and Luna drill into the quiet consolidation of fertility clinics by private equity firms. They trace how a fragmented…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Quietly Buying Up Parking Lots
Lucas and Luna dive into an unlikely target of private equity consolidation: the humble parking lot. With over $1 billion in deals since 2021, firms like LAZ…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Waste Management Firms
In this episode of The Buyout Show, Lucas and Luna explore the quiet consolidation of the waste management industry. They focus on the rise of independent…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Pet Cremation Roll-Ups Are the New Quiet PE Play
Private equity has quietly consolidated vets, groomers, and even pet food makers. But the newest frontier is pet cremation — a fragmented, emotionally fraught…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Ambulance Services
In this episode, Lucas and Luna explore how private equity firms are consolidating ambulance and emergency medical services across the US. They focus on the…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Dental Support Organizations
In this episode of The Buyout Show, Lucas and Luna dive into the quiet consolidation of dental support organizations (DSOs) — the companies that buy up…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Veterinary Clinics
In this episode of The Buyout Show, Lucas and Luna explore the rapid consolidation of independent veterinary practices by private equity firms. With over…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Gyms and Fitness Centers
Private equity has already consolidated veterinary clinics, dental practices, and car washes. Now it's quietly moving into the fitness industry, buying up…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Quietly Buying Up Car Dealerships
Private equity has been buying up car dealerships for years, but the pace has accelerated sharply since 2020. Dealership groups backed by firms like Berkshire…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Buying Up Parking Lots
In this episode, Lucas and Luna look at a quiet corner of the consolidation boom: parking lots. Private equity firms have been buying up surface lots and…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Industrial Laundries
In this episode of The Buyout Show, Lucas and Luna explore how private equity firms are quietly consolidating the industrial laundry sector—the companies that…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Buying Up Independent Insurance Adjusters
Private equity has spent the past decade rolling up veterinary clinics, car washes, and even funeral homes. Now it's quietly moving into the claims side…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Buying Up Freight Brokerages
Lucas and Luna explore how private equity is quietly consolidating the middlemen of trucking — freight brokerages. They dissect the fragmented market, the role…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Pest Control Companies
In Episode 153 of The Buyout Show, Lucas and Luna explore the quiet wave of private equity consolidation sweeping the pest control industry. With roll-ups like…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Consolidating Independent Pharmacies
Independent pharmacies are disappearing across the US, and private equity is a major force behind the consolidation. In this episode, Lucas and Luna drill into…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Car Wash Chains
Private equity is quietly consolidating the car wash industry, rolling up single-site operators into regional and national chains. In this episode, Lucas and…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Self-Storage Facilities
Private equity has quietly become the dominant force in the self-storage industry, rolling up thousands of independent facilities into massive portfolios. In…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Physical Therapy Clinics
Private equity has been quietly rolling up physical therapy practices across the US for over a decade, and the pace has accelerated sharply since 2020. In this…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Freight Brokerages
Private equity is quietly consolidating freight brokerages, the middlemen of the $900 billion U.S. freight market. Lucas and Luna dig into the economics of…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Buying Up Franchisee Networks
Private equity has spent years consolidating single locations into regional chains. Now it's after something bigger: the franchisees themselves. In this…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Franchisee Networks
Private equity has long backed franchise brands, but a new wave of deals is targeting the franchisees themselves. In this episode, Lucas and Luna explore the…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Quietly Rolling Up Landscaping Companies
Episode 145 of The Buyout Show digs into the massive, fragmented lawn care and landscaping industry. With over 600,000 small operators across the US, private…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Quietly Buying Up Plumbing Companies
Episode 144 of The Buyout Show examines the rapid consolidation of the plumbing industry by private equity. Lucas and Luna break down the playbook using the…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Quietly Rolling Up Residential Solar Installers
Private equity firms are consolidating the fragmented residential solar installation industry, acquiring local mom-and-pop shops to build regional platforms…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Reshaping the Roofing Industry
The roofing industry in the US is a $50 billion market with over 90% of companies employing fewer than 20 people. Private equity has taken notice, rolling up…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Independent Dental Practices
Private equity has quietly consolidated the dental industry over the past decade. Today, Lucas and Luna examine how dental support organizations (DSOs) backed…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Quietly Buying Up Auto Repair Shops
Episode 140 of The Buyout Show drills into the quiet roll-up of independent auto repair shops. Lucas and Luna examine a specific case: Drive Auto Partners, a…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Veterinary Clinics
In this episode of The Buyout Show, Lucas and Luna examine the rapid consolidation of veterinary medicine by private equity firms. They start with a striking…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Digital Marketing Agencies
Episode 138: The Buyout Show examines the quiet consolidation wave sweeping the digital marketing industry. While roll-ups in veterinary clinics and car washes…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Addiction Treatment Centers
Private equity firms spent nearly $3 billion acquiring addiction treatment centers in the past year, up from $500 million five years ago. In this episode…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up RV Parks and Campgrounds
Private equity has quietly invested $7.8 billion into RV parks and campgrounds since 2023, consolidating the outdoor hospitality industry. Lucas and Luna break…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Independent Insurance Agencies
In this episode of The Buyout Show, Lucas and Luna dive into the rapid consolidation of independent insurance agencies by private equity firms. They explore…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Buying Up Home Health Agencies
Private equity firms acquired 178 home health agencies in 2025, up 59% from 2020. Lucas and Luna examine why aging demographics and value-based care make home…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up HVAC Companies
Lucas and Luna dive into the private equity consolidation of HVAC (heating, ventilation, and air conditioning) service companies. They focus on the specific…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Eyeglass Lens Labs
Private equity has spent the last few years quietly consolidating the optical lens manufacturing industry — the labs that grind and coat the lenses for your…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Cremation Services
Episode 131 of The Buyout Show examines the quiet consolidation of the death care industry. Lucas and Luna break down how private equity firms have rolled up…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Quietly Buying Up Car Wash Chains
This episode of The Buyout Show examines the rapid roll-up of car wash businesses across the United States. Lucas and Luna break down how firms like Mister Car…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Buying Up Data Brokerage Firms
Episode 129 of The Buyout Show explores how private equity is consolidating the data brokerage industry. Lucas and Luna examine the acquisition of Neustar by…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Physical Therapy Clinics
Private equity firms have quietly rolled up thousands of physical therapy clinics across the US, consolidating a fragmented industry worth $35 billion. Lucas…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Self-Storage Facilities
Private equity has been quietly consolidating the self-storage industry for years, but the pace has accelerated dramatically since 2023. In this episode of The…
- 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…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Pest Control Companies
In this episode of The Buyout Show, Lucas and Luna drill into a quiet consolidation wave sweeping the $22 billion pest control industry. They focus on Rollins…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Urgent Care Centers
Private equity firms have been on a buying spree in urgent care over the past decade, rolling up independent clinics into regional and national chains. In this…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Golf Courses
In this episode, Lucas and Luna dive into the wave of private equity investment sweeping the golf industry. With over 15,000 courses in the U.S. and declining…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Landscape Maintenance Companies
Private equity has rolled up dozens of fragmented industries, and landscape maintenance is the latest target. In this episode, Lucas and Luna break down why…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Independent Pharmacies
In this episode of The Buyout Show, Lucas and Luna examine a quiet roll-up wave sweeping America: private equity's acquisition of independent retail…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Franchise Owner Groups
Private equity has been quietly consolidating the franchisee side of the business for years—buying up the owners who operate multiple McDonald's, Pizza…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Pet Grooming Chains
Private equity has rolled up dentist offices, vet ERs, and even pet crematoriums. Now it's coming for the dog groomer. In this episode of The Buyout Show…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Veterinary Emergency Rooms
Private equity has been consolidating veterinary clinics for years, but the latest frontier is the highest-cost, highest-stakes slice: emergency and specialty…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Dental Supply Companies
Episode 117 of The Buyout Show examines how private equity is consolidating the dental supply chain. Lucas and Luna break down the strategy behind aggregating…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Airport Parking Lots
Private equity firms have quietly consolidated a business you've used without thinking about it: airport parking. Lucas and Luna break down the economics…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Medical Spa Chains
Lucas and Luna dive into the private equity boom in medical spas — specifically the race to consolidate aesthetic medicine practices like Botox, fillers, and…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Pet Food Companies
In this episode, Lucas and Luna explore the surge in private equity acquisitions of independent pet food brands. They focus on the $1.2 billion purchase of…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Home Inspection Companies
Episode 113 of The Buyout Show explores why private equity is rolling up home inspection companies, an industry once dominated by independent operators. Lucas…