{"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 Plumbing and HVAC Contractors","slug":"how-private-equity-is-buying-up-plumbing-and-hvac-contractors","published_at":"2026-07-02T04:47:05+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-plumbing-and-hvac-contractors","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-0088.mp3","audio_url":"https://audio.fexingo.com/business/the-buyout-show/episode-0088.mp3","summary":"In this episode of The Buyout Show, Lucas and Luna dive into the wave of private equity investment rolling through the residential plumbing and HVAC industry. They focus on the specific case of HomeServe, a UK-based home warranty and repair company that was acquired by a PE-backed roll-up in 2025 and has since consolidated over 30 local service providers across the US. Lucas explains the economics: how a fragmented market of mom-and-pop shops with recurring service revenue and long customer lifetimes attracts PE firms, and why the '10x EBITDA' multiple paid for HomeServe actually pencils out when you factor in cross-selling warranties and finance upselling. Luna asks whether homeowners lose out when a local plumber gets absorbed into a national platform. The episode includes a surprising number: 42 percent of US homes now have some form of home service warranty, up from 28 percent in 2020, driven almost entirely by PE-backed consolidation. #PrivateEquity #PEBuyouts #HomeServices #Plumbing #HVAC #HomeServe #RollUp #Consolidation #BusinessAcquisitions #TheBuyoutShow #FexingoBusiness #BusinessPodcast #ServiceContractors #HomeWarranty #EBITDA #FragmentedIndustry #ServiceRevenue #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo","meta_description":"In this episode of The Buyout Show, Lucas and Luna dive into the wave of private equity investment rolling through the residential plumbing and HVAC indus…","key_points":[],"chapters":[],"topics":[],"duration_seconds":502,"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-plumbing-and-hvac-contractors/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-plumbing-and-hvac-contractors.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}