What Lies Ahead for Small Businesses? w/Alex Krutz

The aerospace industry was rocked in 2020 and nobody went unscathed. While many focused on Boeing, Airbus the bigger companies, very few talked about the little guys. How has the lower middle market fared, and what does 2021 have in store for them? Who will bounce back and who is in danger? In this episode, Managing Director of Patriot Industrial Partners, Alex Krutz shares his outlook for the small and middle-market players.  In this episode, Managing Director of Patriot Industrial Partners, Alex Krutz shares his outlook on the lower middle market.  "Watching a hurricane come on down you is scary, but eventually, it passes and it's time to rebuild." -Craig Picken Three Things You’ll Learn In This Episode  The unique challenge faced by small businesses Smaller companies are typically less likely to receive loans than their larger counterparts which puts many at greater risk. What lower production volumes mean for lower middle-market companies In the past, when volumes were higher, bigger businesses would source parts from multiple suppliers to curb risks. Now that the demand is low, having more than one supplier is a cost many aren’t willing to bear.  The next step for small companies Small businesses might not be able to get traditional loans from banks, but that doesn’t mean it’s the end of the road. Now is the time to get creative with other lenders and investors.   Guest Bio -  Alex Krutz is the Managing Director of Patriot Industrial Partners, an Aerospace and Defense advisory firm that elevates business performance by focusing on manufacturing strategy, value creation, and business transformation.  He has been a consultant for Boeing, Tier 1’s, and Tier 2’s on operational turnarounds and private equity groups on value creation planning and execution.  Previous to starting Patriot Industrial Partners, Alex worked for Raytheon Technologies, GKN Aerospace, and various aerospace & defense businesses in roles of general management, operations, supply chain, and program management. His experience spans across Engines, APUs, structures, composites, and large complex assembly business operations.   To find out more, visit: http://www.patriotindustrialpartners.com/  https://www.linkedin.com/mwlite/company/patriot-industrial-partners  https://www.linkedin.com/in/alexkrutz   You can also email Alex at [email protected]   Learn More About Your Host: Co-founder and Managing Partner for Northstar Group, Craig is focused on recruiting senior-level leadership, sales, and operations executives for some of the most prominent companies in the aviation and aerospace industry. Clients include well-known aircraft OEM’s, aircraft operators, leasing / financial organizations, and Maintenance / Repair / Overhaul (MRO) providers.  Since 2009 Craig has personally concluded more than 150 executive searches in a variety of disciplines. As the only executive recruiter who has flown airplanes, sold airplanes, AND run a business, Craig is uniquely positioned to build deep, lasting relationships with both executives and the boards and stakeholders they serve. This allows him to use a detailed, disciplined process that does more than pair the ideal candidate with the perfect opportunity and hit the business goals of the companies he serves.