{"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":"Private Equity Is Buying Up Pet Insurance Agencies","slug":"private-equity-is-buying-up-pet-insurance-agencies","published_at":"2026-06-13T04:36:35+00:00","page_url":"https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/private-equity-is-buying-up-pet-insurance-agencies","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-0049.mp3","audio_url":"https://audio.fexingo.com/business/the-buyout-show/episode-0049.mp3","summary":"In this episode, Lucas and Luna examine a quiet but fast-growing corner of private equity: pet insurance agencies. Underwriting losses in the core pet insurance business have pushed carriers toward distribution, while PE firms see sticky revenue, high margins, and fragmentation as irresistible. Lucas breaks down the economics: the average pet insurance premium is around $50 a month, but agencies earn 20–30% first-year commissions and 10–15% renewals. With only about 4% of U.S. pets insured today, compared to 25% in the U.K., the addressable market is enormous. Luna offers a real-world example: Independence Pet Group, a roll-up of a dozen agencies backed by a mid-market PE firm, now places policies for over a million pets. They also discuss the tension between what's good for the pet owner and what's good for the private equity investor—particularly around upselling and commission structures. The episode ends with a look at whether regulation or market saturation might cool the deal flow. #PrivateEquity #PetInsurance #RollUps #MergersAndAcquisitions #IndependencePetGroup #PetHealth #InsuranceDistribution #PEBackedRollUps #FragmentedIndustries #CommissionRevenue #StickyRevenue #PetCare #BusinessAcquisition #Finance #Business #FexingoBusiness #BusinessPodcast #TheBuyoutShow Keep every episode free: buymeacoffee.com/fexingo","meta_description":"In this episode, Lucas and Luna examine a quiet but fast-growing corner of private equity: pet insurance agencies. Underwriting losses in the core pet ins…","key_points":[],"chapters":[],"topics":[],"duration_seconds":522,"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/private-equity-is-buying-up-pet-insurance-agencies/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/private-equity-is-buying-up-pet-insurance-agencies.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}