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 Church Buildings
Private equity has been quietly acquiring church properties across the U.S. for years, but the pace is accelerating. In this episode, Lucas and Luna examine…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Pediatric Dental Practices
In this episode of The Buyout Show with Fexingo, Lucas and Luna dive into the rapid consolidation of pediatric dentistry by private equity. With over 50…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Pet Cremation Services
Lucas and Luna examine the rapid consolidation of pet cremation and aquamation services across the US. With 70 percent of households now owning a pet…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up HVAC Companies
In this episode of The Buyout Show, Lucas and Luna break down the private equity roll-up wave in the HVAC industry. With over 10,000 small mom-and-pop…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Commercial Door and Gate Companies
Episode 108 of The Buyout Show explores the quiet roll-up of commercial door and gate service companies. Lucas and Luna examine how private equity firms are…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Swimming Pool Service Companies
Swimming pools are everywhere in the US — over 10 million residential pools — and private equity has noticed that pool service is a perfect roll-up target…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Arborist and Tree Service Companies
Episode 106 of The Buyout Show explores the surprising wave of private equity consolidation in the tree care industry. 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 Self-Storage Facilities
In this episode, Lucas and Luna examine the private equity wave sweeping self-storage. They focus on two numbers: the 58,000 facilities in the U.S. today and…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Auto Body Repair Shops
In this episode of The Buyout Show, Lucas and Luna dive into the private equity roll-up of auto body repair shops — a fragmented $70 billion industry where…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Freeze-Dried Candy Companies
Episode 103 of The Buyout Show explores the surprising wave of private equity money flowing into the freeze-dried candy sector. Lucas and Luna break down the…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Pharmacy Benefit Managers
Private equity has quietly consolidated a huge chunk of the pharmacy benefit management industry. In this episode, Lucas and Luna unpack the economics of PBMs…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Data Centers
Episode 101 of The Buyout Show explores the quiet but massive private equity land grab in the data center market. Lucas and Luna break down how firms like…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Home Care Agencies
Episode 100 of The Buyout Show explores the wave of private equity acquisitions sweeping the home care industry. Lucas and Luna break down why PE firms are…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Fire and Security Companies
Episode 99 of The Buyout Show. Lucas and Luna drill into one of private equity's quietest roll-up plays: the consolidation of commercial fire protection…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Cremation Services
Episode 98 of The Buyout Show explores a consolidating corner of the death care industry: cremation services. Lucas and Luna break down how private equity…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Junk Removal Companies
Private equity is quietly consolidating the junk removal industry, buying up local haulers like 1-800-GOT-JUNK and Junk King to build regional platforms. In…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Medical Billing Companies
Episode 96 of The Buyout Show dives into the quiet consolidation of medical billing companies by private equity. Lucas and Luna explore why firms like R1 RCM…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Traffic Lawyers
Episode 95 of The Buyout Show examines the quiet consolidation of traffic ticket law firms. Lucas explains how private equity firms are rolling up high-volume…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Why Private Equity Is Buying Up Hearing Aid Dispensaries
Lucas and Luna dive into a surprising roll-up target: hearing aid dispensaries. With the OTC hearing aid rule from 2022 finally reshaping the market, private…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Veterinary Practices
In this episode of The Buyout Show, Lucas and Luna dive into the wave of private equity acquisitions rolling through the veterinary industry. With an estimated…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Mobile Home Parks
In Episode 92, Lucas and Luna examine private equity's growing interest in manufactured housing communities — the 22,000 mobile home parks across the US…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Independent Bookshops
Episode 91 of The Buyout Show explores a surprising new frontier in private equity roll-ups: independent bookstores. Lucas and Luna examine the numbers behind…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Why Private Equity Is Buying Up Dental Support Organizations
Private equity has rolled up thousands of dental practices into Dental Support Organizations, or DSOs. In this episode, Lucas and Luna break down the specific…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Dog Daycares
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…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Plumbing and HVAC Contractors
In this episode of The Buyout Show, Lucas and Luna dive into the wave of private equity investment rolling through the residential plumbing and HVAC industry…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Urgent Care Centers
In this episode of The Buyout Show, Lucas and Luna explore the rapid consolidation of urgent care centers by private equity firms. They zero in on a specific…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up College Dormitories
Private equity has been snapping up college dormitories at a record pace, turning student housing into a $200 billion asset class. Lucas and Luna break down…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Hemp and CBD Companies
Episode 85 of The Buyout Show examines the quiet roll-up of the hemp and CBD industry by private equity. We track one deal: the 2025 acquisition of…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Buying Up Pet Insurance Companies
In this episode of The Buyout Show, Lucas and Luna dive into a rapidly consolidating niche: pet insurance. They break down how private equity firms are rolling…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Rooftop Solar Installers
Episode 83 of The Buyout Show with Fexingo dives into the quiet roll-up of residential solar installation companies. Lucas and Luna break down the specific…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Self-Storage Facilities
Private equity has spent roughly $8 billion acquiring self-storage facilities over the past 24 months. Lucas and Luna unpack the thesis: stable cash flows…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Eyecare Chains
In this episode of The Buyout Show, Lucas and Luna examine why private equity is consolidating the eyecare industry — specifically, the roll-up of optometry…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Pediatric Therapy Clinics
Private equity has quietly consolidated autism therapy, speech therapy, and occupational therapy practices across the US. This episode drills into the roll-up…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Hometown Hardware Stores
Episode 79 of The Buyout Show dives into private equity's quiet roll-up of independent hardware stores — the old-school Ace, True Value, and Do it Best…
- 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…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Why Private Equity Is Buying Up Funeral Insurance Companies
Episode 77 of The Buyout Show. Lucas and Luna examine the private equity play for pre-need funeral insurance — policies sold to people before they die, locking…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Why Private Equity Is Buying Up Car Washes
In this episode of The Buyout Show, Lucas and Luna dive into the rapid consolidation of the car wash industry by private equity firms. They focus on the case…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Why Private Equity Is Buying Up Wedding Venues
Lucas and Luna dive into the booming private equity interest in wedding venues, focusing on the $60 billion US wedding industry and why firms like Leonard…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Dermatology Practices
Private equity has been quietly consolidating dermatology for years, but the pace has accelerated dramatically. In this episode, Lucas and Luna examine the…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Laundromats
Episode 73 of The Buyout Show with Fexingo dives into private equity's quiet consolidation of the laundromat industry. Lucas and Luna break down how firms…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Marijuana Dispensaries
Episode 72 of The Buyout Show explores the growing wave of private equity investment in legal cannabis dispensaries across the United States. With federal…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Security Guard Companies
Private equity has rolled up everything from dental clinics to parking lots. But the security guard industry—fragmented, low-margin, labor-intensive—was long…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Franchised Tire Shops
This episode of The Buyout Show dives into the quiet but rapid consolidation of franchised tire and auto-service chains. Lucas and Luna examine why private…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Why Private Equity Is Buying Up Independent Pharmacies
Episode 69 of The Buyout Show with Fexingo. Lucas and Luna examine the wave of private equity acquisitions of independent pharmacies, focusing on the specific…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Veterinary Clinics
Lucas and Luna examine the wave of private equity acquisitions of small animal veterinary practices, focusing on consolidation metrics from 2021-2026. They…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Why Private Equity Is Buying Up Hearing Aid Clinics
In this episode of The Buyout Show, Lucas and Luna examine the quiet roll-up of the hearing aid industry by private equity. With an aging population and…
- 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 with Fexingo, Lucas and Luna dive into one of the hottest and most controversial roll-up plays in healthcare: dental support…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Franchised Car Dealerships
Episode 65 of The Buyout Show dives into the quiet roll-up of franchised auto dealerships by private equity firms. Lucas and Luna examine the specific case of…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Cremation Services
Private equity has quietly consolidated a surprising industry: cremation services. Lucas and Luna explore how firms like Service Corporation International and…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Veterinary Diagnostic Labs
Episode 63 of The Buyout Show examines the rapid consolidation of veterinary diagnostic laboratories by private equity. Lucas and Luna break down the…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Wind Farms
In this episode, Lucas and Luna unpack the quiet rush of private equity into wind energy—specifically the roll-up of smaller wind farms by a single firm…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Ambulance Companies
Private equity has moved into emergency medical services, acquiring ambulance companies across the United States. In this episode, Lucas and Luna examine the…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Pet Grooming Franchises
In Episode 60 of The Buyout Show, Lucas and Luna dive into the private equity roll-up of pet grooming franchises—a fragmented industry with over 50,000…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Physical Therapy Chains
Private equity firms have been consolidating physical therapy clinics at a rapid pace, with the largest platforms now operating over 1,000 locations each. In…
- 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 wave of private equity consolidation in the HVAC industry, focusing on the roll-up strategy behind companies like Service…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Funeral Homes
Lucas and Luna dig into the quiet consolidation of the funeral industry. With 20,000 independently owned funeral homes in the US and the largest operator…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Pest Control Companies
Private equity has been consolidating pest control for over a decade, but the pace has accelerated dramatically since 2020. In this episode, Lucas and Luna…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Why Private Equity Is Buying Up Parking Lots
In this episode of The Buyout Show, Lucas and Luna drill into one of the most overlooked corners of private equity: parking lot acquisitions. They walk through…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Urgent Care Centers
Episode 54 of The Buyout Show dives into private equity's aggressive roll-up of urgent care centers across the United States. Lucas and Luna break down…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Buying Up Tattoo Studios
Episode 53 of The Buyout Show with Fexingo. Private equity is quietly consolidating the tattoo industry, rolling up independent studios into multi-location…