{"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 HVAC Companies","slug":"how-private-equity-is-buying-up-hvac-companies-2","published_at":"2026-07-12T04:41:28+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-hvac-companies-2","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-0109.mp3","audio_url":"https://audio.fexingo.com/business/the-buyout-show/episode-0109.mp3","summary":"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 contractors across the U.S., PE firms are consolidating them into regional platforms like Service Champions and ARS/Rescue Rooter. They discuss the economics of the 'recurring service revenue' model, how multiples have climbed from 4x to 8x EBITDA over the past decade, and why the fragmentation of the trades makes HVAC a perfect target for roll-ups. Lucas explains the two acquisition strategies: 'tuck-in' versus 'platform' deals, and Luna questions whether consolidation actually raises prices for homeowners. They also touch on the role of technology in replacing truck rolls with diagnostics, and whether the 60% gross margin on service contracts is sustainable. A specific look at how your heating bill is now tied to Wall Street. #PrivateEquity #HVAC #RollUps #BusinessAcquisitions #ServiceChampions #ARSRescueRooter #EBITDA #Consolidation #TuckInAcquisitions #PlatformDeals #RecurringRevenue #Trades #Business #Finance #FexingoBusiness #BusinessPodcast #TheBuyoutShow #Investing Keep every episode free: buymeacoffee.com/fexingo","meta_description":"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 con…","key_points":[],"chapters":[],"topics":[],"duration_seconds":506,"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-hvac-companies-2/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-hvac-companies-2.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}