{"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 Pest Control Companies","slug":"how-private-equity-is-buying-up-pest-control-companies","published_at":"2026-06-16T16:40:26+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-pest-control-companies","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-0056.mp3","audio_url":"https://audio.fexingo.com/business/the-buyout-show/episode-0056.mp3","summary":"Private equity has been consolidating pest control for over a decade, but the pace has accelerated dramatically since 2020. In this episode, Lucas and Luna break down the economics that make termite and rodent control such an attractive roll-up target: recurring revenue from annual service contracts, high margins on chemical treatments, and the ability to cross-sell to a massive homeowner base. They examine the two dominant platform firms — Rollins, which owns Orkin, and ServiceMaster, which owns Terminix — and trace how PE-backed upstarts like Rentokil's American subsidiary are using acquisitions to steal market share. The hosts walk through a typical deal structure: a regional operator doing $5 million in revenue, acquired at 7x EBITDA, then folded into a larger platform to boost margins by cutting overhead and centralizing routing. They also discuss the regulatory headwind from the EPA's ongoing review of organophosphate pesticides, which could raise costs for smaller operators and accelerate the consolidation cycle. Specific numbers: the US pest control market is estimated at $24 billion in 2026, up from $18 billion in 2019, with PE-backed firms now controlling roughly 35% of that total. #PrivateEquity #PestControl #RollUps #Terminix #Orkin #Rentokil #Rollins #ServiceMaster #MergersAndAcquisitions #BusinessAcquisitions #RecurringRevenue #HomeServices #PesticideRegulation #EPA #DealStructure #FexingoBusiness #BusinessPodcast #BuyoutShow Keep every episode free: buymeacoffee.com/fexingo","meta_description":"Private equity has been consolidating pest control for over a decade, but the pace has accelerated dramatically since 2020. In this episode, Lucas and Lun…","key_points":[],"chapters":[],"topics":[],"duration_seconds":859,"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-pest-control-companies/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-pest-control-companies.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}