E224: Caroline Chapdelaine Discusses Carve-Out of North Star Photonics on How2Exit Podcast

How2Exit: Buy, Don't Build - M&A of Small Businesses

Watch Here: https://youtu.be/ZOvf5bIg6BE
About the Guest(s): Caroline Chapdelaine is the CEO and Co-Founder of North Star Photonics, a company specialized in defense manufacturing technology, specifically focusing on photonics and fiber optic gyroscopes. With a rich background in military intelligence as an officer in the U.S. Army, Caroline has extensive experience in both operational and defense contract management roles. She has also worked for major defense contractors such as Northrop Grumman, L3 Harris, and Orbital ATK before obtaining her MBA from the Wharton School. Caroline successfully executed a carve-out to establish North Star Photonics and has since been leading the company through the complexities of the defense contracting industry.
Summary: In this episode of the How2Exit Podcast, Ronald Skelton interviews Caroline Chapdelaine, CEO and Co-Founder of North Star Photonics. Caroline discusses her journey from military intelligence officer to entrepreneur in the defense sector, sharing insights on executing a unique carve-out. She covers the complexities of due diligence, acquiring specialized equipment, and meeting regulations like ITAR and ISO 9001. Caroline also details financial strategies, including the risky SBA 7a loan, to handle cash-flow challenges post-acquisition. This episode is valuable for anyone interested in defense contracting or business carve-outs.
Key Takeaways:

• Bias for Action: Emphasizing the importance of taking actionable steps rather than getting lost in over-analysis.
• Resilience and Mental Health: Maintaining mental and physical health is crucial for sustaining long-term business success.
• Strategic Alliances: Building and utilizing networks within the industry can significantly aid in overcoming operational challenges.
• Navigating Financial Complexities: Understanding the intricacies of loans and financial instruments like the SBA 7a loan can provide essential lifelines during tough times.
• High Standards of Quality: Complying with stringent regulations such as ITAR and ISO 9001 is critical for maintaining product integrity in the defense sector.

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Contact Caroline on
Linkedin: https://www.linkedin.com/in/carolinechapdelaine/
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