{"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 Veterinary Emergency Rooms","slug":"how-private-equity-is-buying-up-veterinary-emergency-rooms","published_at":"2026-07-16T16:49:58+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-veterinary-emergency-rooms","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-0118.mp3","audio_url":"https://audio.fexingo.com/business/the-buyout-show/episode-0118.mp3","summary":"Private equity has been consolidating veterinary clinics for years, but the latest frontier is the highest-cost, highest-stakes slice: emergency and specialty animal hospitals. Lucas traces the economics behind a single case — the 2024 roll-up of seven regional emergency chains into a platform called Ethos Veterinary Health, now owned by JAB Consumer Partners. He breaks down why ER vets generate EBITDA margins of 18–22 percent versus 10–12 percent for general practice; why the model depends on a shortage of board-certified specialists; and what happens when a private-equity-owned ER stops accepting walk-ins. Luna pushes back on the quality argument, noting that the average wait time at a consolidated ER in Denver dropped by 40 minutes after a single-owner system tied intake to a centralized triage algorithm. They close on whether the next wave is pet insurance. #PrivateEquity #Veterinary #PetCare #Consolidation #EthosVeterinaryHealth #JABConsumerPartners #EmergencyVet #RollUp #Healthcare #AnimalHospitals #SpecialtyVet #PetInsurance #Business #Finance #FexingoBusiness #BusinessPodcast #TheBuyoutShow #Fexingo Keep every episode free: buymeacoffee.com/fexingo","meta_description":"Private equity has been consolidating veterinary clinics for years, but the latest frontier is the highest-cost, highest-stakes slice: emergency and speci…","key_points":[],"chapters":[],"topics":[],"duration_seconds":554,"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-veterinary-emergency-rooms/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-veterinary-emergency-rooms.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}