How to Value a Manufacturing Business

How to value a manufacturing business in 2026: EBITDA multiples by size, capex intensity, working capital math, customer concentration, and the buyer-pool reality.

How to Sell an HVAC Business in Texas

Selling an HVAC business in Texas: TDLR RACR license rules, no-state-income-tax premium, active PE buyers (Apex, Sila, Wrench), DFW/Houston deal math.

Acquisition Modeling for Buyers

Acquisition modeling for buyers: sources & uses, P&L projections, debt schedule, returns waterfall (IRR, MOIC), sensitivity analysis. LBO playbook.

Independent Sponsor Economics

Independent sponsor economics: deal-by-deal funding, 2-5% transaction fee, 20-25% promote above 8% pref. Named sponsors Argonaut, Mainsail, Trilantic.