{"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 Rolling Up Commercial HVAC Services","slug":"how-private-equity-is-rolling-up-commercial-hvac-services","published_at":"2026-06-06T16:44:11+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-rolling-up-commercial-hvac-services","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-0035.mp3","audio_url":"https://audio.fexingo.com/business/the-buyout-show/episode-0035.mp3","summary":"Episode 35 of The Buyout Show dives into the quiet but massive roll-up of commercial HVAC service companies. Lucas breaks down why PE firms are targeting this fragmented, recession-resistant industry — over 80 percent of the 50 billion dollar market is still owned by small independent operators. Through the lens of one specific platform deal, the episode explores the economics: recurring service contracts, 90 percent gross retention rates, and the opportunity to roll up mom-and-pop shops into regional powerhouses. Luna challenges whether the consolidation actually benefits customers, and they debate the risks of overpaying for scale. A concrete look at how PE is turning blue-collar service into institutional-grade cash flow. #PrivateEquity #HVAC #CommercialRealEstate #RollUp #MAndA #ServiceBusinesses #BusinessServices #FragmentedIndustries #CashFlow #PEStrategy #PlatformAcquisition #AddOnAcquisition #EBITDA #FacilityManagement #SmallBusiness #Business #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo","meta_description":"Episode 35 of The Buyout Show dives into the quiet but massive roll-up of commercial HVAC service companies. Lucas breaks down why PE firms are targeting…","key_points":[],"chapters":[],"topics":[],"duration_seconds":580,"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-rolling-up-commercial-hvac-services/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-rolling-up-commercial-hvac-services.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}