Field Notes

How a manufacturing exit actually works.

Valuation, diligence, deal terms, and timing for owner-operated manufacturers across the Charlotte manufacturing region, from Hickory to Rock Hill, written from the owner's side of the table.

  1. Deep dive · 4 min read

    Selling to an ESOP: how the exit works for an NC manufacturer

    An ESOP buys at an appraised price, can defer federal tax for a C corporation seller, and keeps the plant local. What it asks of the owner in return.

    Published October 27, 2026 · Hickory

  2. Comparison · 5 min read

    SBA and search fund buyers vs private equity: what each can pay

    An SBA 7(a) loan tops out at $5 million, and new SBA rules bar seller earnouts. The arithmetic that decides how far each buyer type can reach on price.

    Published October 20, 2026 · Statesville

  3. How-to · 4 min read

    Customer concentration: how buyers price it in a Carolinas deal

    A top customer at 35 percent of sales changes the multiple, the deal structure, and the buyer list. How each buyer type discounts it, and what answers it.

    Published October 13, 2026 · Mooresville

  4. Data resource · 4 min read

    How a working capital peg is set, with a Gaston County example

    The peg is arithmetic before it is a negotiation. A worked example for an illustrative technical fabrics plant shows where a simple average hides money.

    Published October 6, 2026 · Gastonia

  5. Deep dive · 4 min read

    Quality of earnings reviews for Charlotte-area manufacturers

    From October 1, 2026, SBA lenders must order a quality of earnings review on most acquisitions priced at $3 million or more. What it tests inside a plant.

    Published September 29, 2026

  6. How-to · 5 min read

    Selling a Charlotte manufacturer at year end: the real calendar

    Deciding in September to close by December 31 runs into a diligence calendar, a lender checklist, and the tax year. Here is how the weeks actually line up.

    Published September 28, 2026 · Charlotte

  7. Deep dive · 6 min read

    The working capital target: the term that quietly changes your wire

    Owners negotiate the multiple for months and agree the working capital definition in an afternoon. It is frequently the more expensive of the two.

    Published August 11, 2026

  8. How-to · 10 min read

    The two-year plan that raises the price of a manufacturing company

    Almost everything buyers discount is fixable, and almost none of it is fixable quickly. Here is the order to do it in.

    Published June 30, 2026

  9. Deep dive · 7 min read

    What happens to your AS9100 and ITAR status when you sell

    The approval file is the asset. It does not transfer automatically, and the sequence of notification and re-approval belongs in the purchase agreement.

    Published May 27, 2026 · Monroe

  10. How-to · 8 min read

    Selling a Gaston County textile business without selling it as a textile business

    The word carries forty years of contraction with it. Companies making filtration media and technical substrates are specialty manufacturers, and the buyer pool pays accordingly.

    Published April 22, 2026 · Gastonia

  11. Case study · 7 min read

    A private equity firm called about your company. Now what?

    Unsolicited approaches to healthy Charlotte-area manufacturers are common and often genuine. Handling one alone is the most reliable way to leave money behind.

    Published March 18, 2026

  12. How-to · 9 min read

    How to value a CNC machining company for sale

    The arithmetic is adjusted EBITDA times a multiple. Everything that matters is in the two words before EBITDA and in what sets the multiple.

    Published February 10, 2026

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