{"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 the Pet Care Industry","slug":"how-private-equity-is-rolling-up-the-pet-care-industry","published_at":"2026-06-02T16:39:38+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-the-pet-care-industry","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-0027.mp3","audio_url":"https://audio.fexingo.com/business/the-buyout-show/episode-0027.mp3","summary":"In this episode of The Buyout Show, Lucas and Luna dive into the private equity consolidation of the pet care industry, which has grown into a $300 billion market globally. They focus on one specific case: the roll-up of independent veterinary clinics and pet care chains by firms like JAB Holding Company and its veterinary division, now operating under the National Veterinary Associates banner. Lucas explains how PE firms use what's called a 'platform-and-add-on' strategy, acquiring a large veterinary chain as a base and then buying smaller clinics to create regional density. Luna questions whether this consolidation drives better care and pricing, and they discuss recent research showing that prices at PE-owned clinics rose faster than at independent ones. They also touch on the rise of pet insurance and how PE is backing that too. A concrete number: the average pet owner in the U.S. now spends over $1,500 annually on veterinary care, up 30% from five years ago. #PrivateEquity #PetCare #Veterinary #RollUp #JABHolding #NationalVeterinaryAssociates #VCAAnimalHospitals #PetInsurance #Consolidation #Business #Finance #Podcast #FexingoBusiness #BusinessPodcast #TheBuyoutShow #PetIndustry #MergersAndAcquisitions #PetOwnershipCosts Keep every episode free: buymeacoffee.com/fexingo","meta_description":"In this episode of The Buyout Show, Lucas and Luna dive into the private equity consolidation of the pet care industry, which has grown into a $300 billio…","key_points":[],"chapters":[],"topics":[],"duration_seconds":546,"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-the-pet-care-industry/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-the-pet-care-industry.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}