{"podcast":{"title":"The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions","slug":"the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630","podcast_index_feed_id":7871630,"rss_url":"https://feeds.fexingo.com/business/the-buyout-show.xml","website_url":"https://www.fexingo.com/","image_url":"https://audio.fexingo.com/business/the-buyout-show/cover.png","author":"Fexingo","episode_count":122,"summary":"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 covenants, and the cultural friction between PE operators and portfolio-company management. Lucas, a journalist with a decade covering dealmaking, guides the numbers; Luna, an engaged interlocutor, presses on execution risk and founder psychology. Together they ask: What separates a value-destroying roll-up from a platform that compounds for a decade? No hype, no jargon — just the tradecraft of buying and scaling businesses. #PrivateEquity #LBO #RollUp #BuyAndBuild #PE #DueDiligence #Valuation #MergersAndAcquisitions #FamilyBusinessExit #SearchFund #EBITDA #DealSourcing #SMB #BusinessAcquisition #FexingoBusiness #BusinessPodcast #Finance #Podcast Keep every episode free: buymeacoffee.com/fexingo","last_synced_at":"2026-07-19T04:18:12.773861+00:00","page_url":"https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630"},"episode":{"title":"How Private Equity Is Buying Up Hometown Hardware Stores","slug":"how-private-equity-is-buying-up-hometown-hardware-stores","published_at":"2026-06-28T04:38:32+00:00","page_url":"https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/how-private-equity-is-buying-up-hometown-hardware-stores","show_page_url":"https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630","url":"https://audio.fexingo.com/business/the-buyout-show/episode-0079.mp3","audio_url":"https://audio.fexingo.com/business/the-buyout-show/episode-0079.mp3","summary":"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 co-ops that still anchor Main Street. Lucas walks Luna through the numbers: the $250 billion home improvement market, the 20% share held by independents, and why firms like Freeman Spogli and Leonard Green have suddenly taken notice. They discuss the recent $1.8 billion acquisition of a midwest hardware distributor, the tension between local operators and institutional owners, and what it means for the family-run store that's been in the same town since the 1950s. Luna asks the obvious question: can a private equity playbook actually work on a sector built on local relationships and high-touch service? The hosts talk through the operational leverage — consolidation of buying power, shared logistics, private-label expansion — and whether the model can scale without shredding the small-town trust that makes these stores work. Touches on the parallels to the auto parts roll-up in the early 2000s and where this trend might go next. #PrivateEquity #Hardware #RollUp #AceHardware #TrueValue #DoItBest #HomeImprovement #FreemanSpogli #LeonardGreen #MainStreet #FexingoBusiness #BusinessPodcast #TheBuyoutShow #MergersAndAcquisitions #Retail #SmallBusiness #Independents #SupplyChain Keep every episode free: buymeacoffee.com/fexingo","meta_description":"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 co…","key_points":[],"chapters":[],"topics":[],"duration_seconds":574,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/episodes/how-private-equity-is-buying-up-hometown-hardware-stores/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/how-private-equity-is-buying-up-hometown-hardware-stores.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}