Episode
Private Equity Is Buying Up Taxi Medallions Again
- Published
- Jun 27, 2026
- Duration seconds
- 616
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Summary
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 returns for operators running fleets efficiently. Lunapushes back on the risk of another over-leverage cycle, and they discuss whether the regulatory moat of medallion systems is actually stronger now than in the pre-Uber era. A focused look at one of the oldest asset classes in private equity getting a 2026 reboot. #PrivateEquity #TaxiMedallions #MarbleArchCapital #StuartFinancialGroup #NewYorkCity #Uber #Lyft #MedallionBubble #RegulatoryMoat #FleetOperations #CashOnCashReturns #Business #Finance #InvestmentStrategy #Transportation #AssetClass #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo