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    <title>Salt Creek Advisory — Articles &amp; Guides</title>
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    <description>M&amp;A guides for lower middle market business owners: valuation multiples, the sale process, and how to choose an advisor.</description>
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    <lastBuildDate>Mon, 03 Aug 2026 00:00:00 +0000</lastBuildDate>
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      <title>M&amp;A Deal Structure: The Six Ways Buyers Build an Offer</title>
      <link>https://saltcreekadvisory.com/articles/ma-deal-structure-2026</link>
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      <description>Two offers at the same price can pay very differently. The six ways buyers structure an offer, and how each one shifts risk from the buyer onto you.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Mon, 03 Aug 2026 00:00:00 +0000</pubDate>
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      <title>Childcare and Daycare Valuation Multiples: What Centers Sell For</title>
      <link>https://saltcreekadvisory.com/articles/childcare-daycare-valuation-multiples-2026</link>
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      <description>What childcare centers sell for by operator size. Why occupancy against the 70% profitability line and market-rent normalization move value further than the multiple does, and where the published data runs out.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Sat, 01 Aug 2026 00:00:00 +0000</pubDate>
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      <title>MSP Valuation Multiples: What Managed IT Services Businesses Sell For</title>
      <link>https://saltcreekadvisory.com/articles/msp-valuation-multiples-2026</link>
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      <description>Published EV/EBITDA multiples for MSPs by deal size and segment, and what moves a managed IT services business up or down its range.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Thu, 30 Jul 2026 00:00:00 +0000</pubDate>
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      <title>Business Services Valuation Multiples: Why Pest Control and Staffing Trade Worlds Apart</title>
      <link>https://saltcreekadvisory.com/articles/business-services-valuation-multiples-2026</link>
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      <description>Business services valuation multiples run 3.5x to 17x inside one category, and the 7.4x everyone quotes has no public source.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Wed, 29 Jul 2026 00:00:00 +0000</pubDate>
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      <title>Manufacturing Valuation Multiples: What Manufacturers Actually Sell For</title>
      <link>https://saltcreekadvisory.com/articles/manufacturing-valuation-multiples-2026</link>
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      <description>Manufacturing business valuation multiple guide: why the most-quoted figures mislead, and how cash EBITDA reshapes a headline price.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Tue, 28 Jul 2026 00:00:00 +0000</pubDate>
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      <title>The Working Capital Peg in M&amp;A: How Sellers Lose Money After Closing</title>
      <link>https://saltcreekadvisory.com/articles/working-capital-peg-ma-2026</link>
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      <description>The working capital peg can hand back six figures after closing. Eight traps, the arithmetic behind each, and what the published deal data actually says.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Fri, 24 Jul 2026 00:00:00 +0000</pubDate>
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    <item>
      <title>When to Start Exit Planning: A Timeline for Business Owners</title>
      <link>https://saltcreekadvisory.com/articles/when-to-start-exit-planning-2026</link>
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      <description>When lower middle market owners should start exit planning, a phased 3-10 year timeline, family succession pitfalls, and how M&amp;A advisor fees work.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Thu, 23 Jul 2026 00:00:00 +0000</pubDate>
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    <item>
      <title>Dog Daycare and Pet Care Valuation Multiples: What Facilities Sell For</title>
      <link>https://saltcreekadvisory.com/articles/dog-daycare-pet-care-valuation-multiples-2026</link>
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      <description>Dog daycare valuation multiples run 3.56-4.10x EBITDA on vendor data. BLS wage figures show why labor, not the multiple, decides your price.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Fri, 17 Jul 2026 00:00:00 +0000</pubDate>
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      <title>Best Business Valuation Firms for a Lower Middle Market Sale in 2026</title>
      <link>https://saltcreekadvisory.com/articles/best-business-valuation-firms-lower-middle-market-2026</link>
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      <description>A scoped comparison of business valuation firms for owners selling a $2M-$75M company, including Salt Creek Advisory, Peak Business Valuation, and GCF Valuation.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Thu, 16 Jul 2026 00:00:00 +0000</pubDate>
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    <item>
      <title>Quality of Earnings Report: What a QoE Actually Finds</title>
      <link>https://saltcreekadvisory.com/articles/quality-of-earnings-report-2026</link>
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      <description>A quality of earnings report decides which add-backs survive. What a QoE costs, what it tests, and which QoE statistics fall apart when checked.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Thu, 09 Jul 2026 00:00:00 +0000</pubDate>
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    <item>
      <title>Why We Built Salt Creek Around Relationships, Not Transactions</title>
      <link>https://saltcreekadvisory.com/articles/why-we-built-salt-creek-around-relationships</link>
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      <description>Jack Pitts, co-founder of Salt Creek Advisory, on why the firm is built around real relationships and community instead of treating deals as pure transactions.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Fri, 03 Jul 2026 00:00:00 +0000</pubDate>
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    <item>
      <title>Best M&amp;A Advisors for Early Childhood Education in 2026</title>
      <link>https://saltcreekadvisory.com/articles/ma-advisor-early-childhood-education-2026</link>
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      <description>Six M&amp;A advisors compared for a preschool or early childhood education sale, what ECE businesses actually sell for, and who the active national acquirers are in 2026.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Thu, 02 Jul 2026 00:00:00 +0000</pubDate>
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    <item>
      <title>Coming Home: Family, the Midwest, and This Fourth of July</title>
      <link>https://saltcreekadvisory.com/articles/coming-home-family-midwest-fourth-of-july</link>
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      <description>Jack Pitts on leaving private equity in New York, coming home to the Midwest, and building an M&amp;A firm with his brother.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Wed, 01 Jul 2026 00:00:00 +0000</pubDate>
    </item>
    <item>
      <title>Community, the Midwest, and What It Means to Sell a Family Business</title>
      <link>https://saltcreekadvisory.com/articles/community-midwest-selling-a-family-business</link>
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      <description>Connor Pitts on Midwest community, growing up around a family business, and what actually changes for a town when one gets sold.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Tue, 30 Jun 2026 00:00:00 +0000</pubDate>
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    <item>
      <title>Best M&amp;A Advisors for Manufacturing &amp; Industrial Companies in 2026</title>
      <link>https://saltcreekadvisory.com/articles/ma-advisor-industrials-manufacturing-2026</link>
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      <description>Six M&amp;A advisors compared for a manufacturing or industrial sale, what the Axial industrials league table actually measures, fee benchmarks, and who is acquiring in 2026.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Mon, 29 Jun 2026 00:00:00 +0000</pubDate>
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    <item>
      <title>Why Roll-Ups Are Heating Up in Legal Services and Pet Care</title>
      <link>https://saltcreekadvisory.com/articles/roll-ups-legal-services-pet-care-2026</link>
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      <description>Why legal services and pet care are drawing active roll-up interest, and what consolidation means if you own a business in one of them.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Sat, 27 Jun 2026 00:00:00 +0000</pubDate>
    </item>
    <item>
      <title>Best M&amp;A Advisors for Business Services Companies in 2026</title>
      <link>https://saltcreekadvisory.com/articles/ma-advisor-business-services-2026</link>
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      <description>Six M&amp;A advisors compared for a business services sale, what buyers actually underwrite, published fee benchmarks, and the platforms acquiring most actively in 2026.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Thu, 25 Jun 2026 00:00:00 +0000</pubDate>
    </item>
    <item>
      <title>Strategic Buyer vs. Private Equity Buyer: Which Is Better for Sellers?</title>
      <link>https://saltcreekadvisory.com/articles/strategic-buyer-vs-private-equity-buyer-2026</link>
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      <description>Strategic buyer vs private equity buyer: how the two buyer types differ on price, deal rationale, speed, integration, and what happens to owners and employees after close.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Tue, 23 Jun 2026 00:00:00 +0000</pubDate>
    </item>
    <item>
      <title>How AI Is Actually Changing Business (Not the Hype Version)</title>
      <link>https://saltcreekadvisory.com/articles/how-ai-is-actually-changing-business</link>
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      <description>A grounded look at where AI genuinely helps in business today, where it still falls short, and why that matters most in high-stakes decisions like selling a company.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Thu, 18 Jun 2026 00:00:00 +0000</pubDate>
    </item>
    <item>
      <title>M&amp;A Glossary: Lower Middle Market Terms Explained</title>
      <link>https://saltcreekadvisory.com/articles/ma-glossary-lower-middle-market-2026</link>
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      <description>Plain-language definitions of essential M&amp;A terms: EBITDA, LOI, earnouts, rollover equity, and more.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Tue, 16 Jun 2026 00:00:00 +0000</pubDate>
    </item>
    <item>
      <title>What Buyers Look for in an Acquisition Target</title>
      <link>https://saltcreekadvisory.com/articles/what-buyers-look-for-in-an-acquisition-target-2026</link>
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      <description>What buyers actually evaluate in an acquisition target: financial quality, growth, customer concentration, owner dependency, and operational cleanliness.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Tue, 09 Jun 2026 00:00:00 +0000</pubDate>
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      <title>EBITDA and Business Valuation Basics: What Every Owner Should Know</title>
      <link>https://saltcreekadvisory.com/articles/ebitda-and-business-valuation-basics-2026</link>
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      <description>A plain-language guide to EBITDA, adjusted EBITDA, and valuation multiples for lower middle market business owners preparing for a sale or evaluating an offer.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Tue, 02 Jun 2026 00:00:00 +0000</pubDate>
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    <item>
      <title>How Long Does It Take to Sell a Business in the Lower Middle Market?</title>
      <link>https://saltcreekadvisory.com/articles/how-long-does-it-take-to-sell-a-business-2026</link>
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      <description>How long does it take to sell a business in the lower middle market? A realistic look at each phase of a sell-side process and the factors that speed up or slow down a deal.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Tue, 19 May 2026 00:00:00 +0000</pubDate>
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    <item>
      <title>What Is the Lower Middle Market M&amp;A Process?</title>
      <link>https://saltcreekadvisory.com/articles/lower-middle-market-ma-process-2026</link>
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      <description>A plain-English walkthrough of the lower middle market M&amp;A sell-side process, from preparation and buyer outreach through letters of intent, due diligence, and closing.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Tue, 05 May 2026 00:00:00 +0000</pubDate>
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    <item>
      <title>Sell-Side Advisor vs. Business Broker: What's the Difference?</title>
      <link>https://saltcreekadvisory.com/articles/sell-side-advisor-vs-business-broker-2026</link>
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      <description>Sell-side M&amp;A advisor vs. business broker: how deal size, process, marketing, and fees typically differ, and how to think about which one fits your business sale.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Tue, 21 Apr 2026 00:00:00 +0000</pubDate>
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    <item>
      <title>How to Choose an M&amp;A Advisor for a Founder-Led Business</title>
      <link>https://saltcreekadvisory.com/articles/how-to-choose-an-ma-advisor-2026</link>
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      <description>How to choose an M&amp;A advisor for a founder-led business: the criteria, questions, and red flags that matter when a sale is personal, not just financial.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Tue, 07 Apr 2026 00:00:00 +0000</pubDate>
    </item>
    <item>
      <title>Top Lower Middle Market Investment Banks in 2026</title>
      <link>https://saltcreekadvisory.com/articles/top-lower-middle-market-investment-banks-2026</link>
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      <description>Thirteen lower middle market investment banks compared, what Axial's league tables actually measure, and published fee benchmarks for a business sale.</description>
      <dc:creator>Jack Pitts</dc:creator>
      <pubDate>Tue, 24 Mar 2026 00:00:00 +0000</pubDate>
    </item>
    <item>
      <title>Best M&amp;A Advisors for Selling a $20 Million Company in 2026</title>
      <link>https://saltcreekadvisory.com/articles/best-ma-advisors-selling-20-million-company-2026</link>
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      <description>How to evaluate M&amp;A advisors for a $20 million company sale in 2026: what deal size means for advisor fit, the questions to ask, and how to compare options.</description>
      <dc:creator>Connor Pitts</dc:creator>
      <pubDate>Tue, 10 Mar 2026 00:00:00 +0000</pubDate>
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