In this episode of the Heat Pumped podcast, Shreyas Sudhakar interviews Brendan Ballou, a former federal prosecutor and author of 'Plunder'.

They discuss the implications of private equity on various industries, particularly HVAC. Ballou explains the business model of private equity, the impact of debt structures, and the consequences of roll-ups.

The conversation also touches on antitrust issues and the challenges faced by small businesses in navigating complex regulations. The episode concludes with insights on consumer choices and the future of private equity in HVAC.