# Private Equity Is Buying Up Taxi Medallions Again

Page: https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/private-equity-is-buying-up-taxi-medallions-again
Text version: https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/private-equity-is-buying-up-taxi-medallions-again.md
Podcast: [The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions](https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630)
Published: 2026-06-27T16:50:38+00:00
Episode link: https://audio.fexingo.com/business/the-buyout-show/episode-0078.mp3
Audio file: https://audio.fexingo.com/business/the-buyout-show/episode-0078.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/episodes/private-equity-is-buying-up-taxi-medallions-again
Duration seconds: 616

## Resource

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

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