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 AcquisitionsThe Pet Cremation Roll-Up That Made No Sense
Episode 52 of The Buyout Show digs into one of the strangest private equity roll-ups of the past decade: the consolidation of pet cremation services. Lucas…
- 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 explore how private equity firms are systematically acquiring independent insurance agencies across the U.S…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Why Private Equity Is Buying Up Pet Cremation Services
In this episode of The Buyout Show, Lucas and Luna explore a consolidation frontier few people talk about: the pet aftercare industry. As the humanization of…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Buying Up Pet Insurance Agencies
In this episode, Lucas and Luna examine a quiet but fast-growing corner of private equity: pet insurance agencies. Underwriting losses in the core pet…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Dermatology Practices
Lucas and Luna examine the rapid consolidation of dermatology practices by private equity firms. They focus on the specific case of U.S. Dermatology Partners…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Veterinary General Practices
Episode 47 of The Buyout Show looks at the next frontier in pet care consolidation: private equity's move from specialty hospitals into the everyday…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Freight Brokerages
Lucas and Luna dive into the quiet consolidation of the freight brokerage industry, where private equity firms are snapping up middlemen that match trucking…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Dental Support Organizations
Lucas and Luna dive into the rapid consolidation of dentistry through Dental Support Organizations, or DSOs. They examine how private equity firms like JAB…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Car Washes
Episode 44 of The Buyout Show looks at one of the fastest-growing roll-up segments nobody talks about: car washes. 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 Veterinary Specialty Hospitals
Lucas and Luna examine the quiet wave of private equity consolidation in veterinary specialty and emergency care. While general practice pet care has seen…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Consolidating the Landscaping Industry
Private equity has rolled up everything from dental clinics to data brokers. This episode: why landscaping is the next frontier. Lucas walks through the…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Tour and Travel Operators
Episode 41 of The Buyout Show with Fexingo. Lucas and Luna explore how private equity firms are quietly consolidating the tour and travel operator industry…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Eye Care Practices
In this episode of The Buyout Show, Lucas and Luna examine the rapid consolidation of eye care practices — optometry and ophthalmology — by private equity…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Chiropractic Clinics
Lucas and Luna dig into a quiet but fast-growing corner of healthcare roll-ups: chiropractic clinics. With backing from private equity firms, regional chains…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Self-Storage Facilities
Lucas and Luna dive into the quiet consolidation of the self-storage industry—worth over $45 billion in annual revenue. They examine how companies like Public…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Home Services Franchises
Episode 37 of The Buyout Show examines the quiet consolidation of home services — specifically how private equity firms are rolling up HVAC, plumbing, and…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Residential Solar Installers
Episode 36 of The Buyout Show: Lucas and Luna dive into the rapid consolidation of residential solar installation companies by private equity firms. They focus…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Commercial HVAC Services
Episode 35 of The Buyout Show dives into the quiet but massive roll-up of commercial HVAC service companies. Lucas breaks down why PE firms are targeting this…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Data Broker Firms
Episode 34 of The Buyout Show with Fexingo. Lucas and Luna dive into the quiet but massive roll-up of data broker companies by private equity. They focus on…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Hearing Aid Practices
Private equity has been quietly consolidating independent hearing aid practices across the U.S., rolling up a fragmented $8 billion market dominated by aging…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Consolidating the Pharmacy Benefit Manager Industry
Episode 32 of The Buyout Show dives into one of the most opaque corners of American healthcare: pharmacy benefit managers, or PBMs. Lucas and Luna unpack the…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Funeral Homes
In this episode of The Buyout Show, Lucas and Luna dive into the quiet consolidation of the $20 billion funeral home industry. They explore how private equity…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Urgent Care Centers
Private equity firms are on pace to acquire over 200 urgent care clinics this year alone, rolling up a fragmented $48 billion market. Lucas walks through the…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Franchise Restaurant Chains
Private equity has been on a buying spree in the franchise restaurant space, rolling up chains like Dunkin', Panera, and Wendy's. But the strategy…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Franchise Restaurant Chains
Lucas and Luna dive into the quiet consolidation of franchise restaurant brands — from quick-service to fast-casual — by private equity firms. Focusing on the…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up the Pet Care Industry
In this episode of The Buyout Show, Lucas and Luna dive into the private equity consolidation of the pet care industry, which has grown into a $300 billion…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Funeral Homes
Episode 26 of The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions. Lucas and Luna examine how private equity firms have…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Parking Lots
Private equity has quietly consolidated one of the most undervalued real estate assets in America: parking lots. In this episode, Lucas and Luna break down how…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Consolidating the Tanning Salon Industry
Lucas and Luna dive into the private equity roll-up of the $3 billion indoor tanning industry. They focus on the acquisition spree by BT Brands, which bought…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Dental Support Organizations
In this episode of The Buyout Show, Lucas and Luna examine the rapid consolidation of the $156 billion dental industry through the DSO (Dental Support…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Consolidating the Waste Management Industry
This episode of The Buyout Show with Fexingo explores how private equity is rolling up independent waste haulers — small, family-owned trash and recycling…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Independent Bookstores
Independent bookstores are making a comeback — and private equity is paying attention. In this episode, Lucas and Luna explore how PE firms are consolidating…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Veterinary Emergency Hospitals
Private equity has been quietly consolidating the $30 billion veterinary industry, but one segment is attracting particularly aggressive attention: emergency…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Auto Dealerships
Episode 19 of The Buyout Show examines the massive consolidation wave sweeping auto dealerships. Lucas and Luna break down how a single public company, Group 1…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up the $1 Trillion Lawn Care Industry
Private equity has consolidated dental clinics, pet care, and even cremation services. Now it's coming for your lawn. In Episode 18, Lucas and Luna drill…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Physical Therapy Chains
Private equity has been quietly consolidating the physical therapy industry for years, but a recent wave of mega-deals is reshaping the landscape. In this…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Self-Storage Facilities
Self-storage has become one of the most aggressively consolidated real estate sectors in America. In this episode, Lucas and Luna dive into how firms like…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Independent Insurance Agencies
Episode 15 of The Buyout Show examines private equity's aggressive consolidation of the US insurance agency market. Lucas and Luna break down how PE firms…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Plumbing Companies
Episode 14 of The Buyout Show explores the quiet but massive consolidation of America's plumbing industry. Lucas and Luna break down how private equity…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rollin Up HVAC Service Companies
Episode 13 drills into one of the most aggressive consolidation plays in middle-market private equity: the rolling up of residential and commercial HVAC…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up HVAC Service Companies
Private equity firms have been quietly consolidating the heating, ventilation, and air conditioning service industry—a fragmented $130 billion market of…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up the $20 Billion Pet Funeral Industry
When Americans spend over $20 billion annually on pet funerals and cremations, private equity takes notice. This episode drills into the consolidation of pet…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Niche Software for Trades
Episode 10 of The Buyout Show with Fexingo takes you inside the quiet consolidation of vertical software platforms serving electricians, plumbers, HVAC…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Independent Pharmacies
In this episode, Lucas and Luna examine the wave of private equity acquisitions sweeping independent pharmacies across the US. With over 2,000 independent…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Emergency Room Chains Got Rolled Up by PE
Private equity has quietly consolidated a surprising corner of American healthcare: freestanding emergency rooms. In this episode, Lucas walks through the…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Consolidating the Cremation Industry
In this episode of The Buyout Show, Lucas and Luna examine a sensitive corner of private equity: the consolidation of death care, specifically cremation…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Pet Care Became Private Equitys Biggest Roll-Up
Lucas and Luna examine the rapid consolidation of veterinary clinics under PE ownership—why firms like JAB Consumer Partners and VetCor have spent $5 billion…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Franchisees Are Buying Up Their Own Brands
Episode 5 of The Buyout Show dives into a surprising corner of private equity: franchisee-led acquisitions. Lucas and Luna explore how a group of Subway…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
The Car Wash Roll-Up That Cost PEs Billions
Episode 4 of The Buyout Show examines the spectacular collapse of Mister Car Wash's roll-up model during the 2022-2023 interest rate shock. Lucas and Luna…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How PE Firms Broke the Auto Body Repair Business
Episode 3 of The Buyout Show explores the private equity roll-up of America's auto body repair shops. Over the past decade, PE-backed consolidators like…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Rolling Up the Dentist: How PE Remade Dental Care
Lucas and Luna examine the private equity roll-up strategy that has consolidated roughly 15 percent of US dental practices under corporate ownership. They…
- The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Inside Thoma Bravo's $12 Billion SaaS Roll-Up Strategy
In the premiere episode of The Buyout Show, Lucas and Luna break down the mechanics behind Thoma Bravo's $12 billion roll-up of enterprise software…