{"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 Veterinary General Practices","slug":"how-private-equity-is-rolling-up-veterinary-general-practices","published_at":"2026-06-12T08:10:29+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-veterinary-general-practices","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-0047.mp3","audio_url":"https://audio.fexingo.com/business/the-buyout-show/episode-0047.mp3","summary":"Episode 47 of The Buyout Show looks at the next frontier in pet care consolidation: private equity's move from specialty hospitals into the everyday general practice vet clinic. Lucas and Luna examine Mars Inc.'s $7.7 billion acquisition of VCA in 2017, how that deal reshaped the industry, and why PE firms are now targeting independent 'mom-and-pop' clinics. They break down the economics: a typical practice does $1 million to $2 million in annual revenue, margins of 15 to 20 percent, and how roll-ups aim to centralize procurement, lab work, and marketing. But they also discuss the pushback—veterinarians who worry about care quality and the pressure to upsell. Specific case: National Veterinary Associates, which grew from 20 clinics to over 1,400. Luna questions whether consolidation helps pets or just investors. A tight, numbers-driven look at an industry in transition. #PrivateEquity #RollUps #Veterinary #PetCare #VCA #NationalVeterinaryAssociates #MarsInc #BusinessAcquisitions #Consolidation #MomAndPop #VetClinics #MergersAndAcquisitions #PetIndustry #HealthcareRollUps #OwnerOperators #BuyoutShow #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo","meta_description":"Episode 47 of The Buyout Show looks at the next frontier in pet care consolidation: private equity's move from specialty hospitals into the everyday gener…","key_points":[],"chapters":[],"topics":[],"duration_seconds":575,"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-veterinary-general-practices/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-veterinary-general-practices.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}