Charlotte – Croixstone

Learn About Exit Planning for Privately Held Companies

We are an Event Sponsor for PDA’s next in-person event: Along with GreerWalker LLP and Essex Richards, P.A., Croixstone is excited to serve as an Event Sponsor for the next in-person event hosted by the Charlotte Chapter of the Private Directors Association (PDA), a professional association with a purpose to enable and enhance the value, growth, and resilience of privately held companies through effective governance.

Event details: The event is taking place on Tuesday, September 26, 2023 from 5pm – 7:30pm at Croixstone’s offices located at 101 S. Tryon Street, Suite 2700 in Uptown Charlotte, NC.

Topic: The program will focus on “how to and why” privately held company owners should initiate an exit plan well before owners are ready to execute on such a strategy. From a private company governance perspective, the discussion provides for multiple alternatives in seeking the best outcome for shareholders while educating all involved on the process.

Subject matter experts from GreerWalker and Essex Richards will address the following topics:

• Exit strategies – when should a private company begin the planning process and what are the strategic options to consider?
• Who should be involved (owners, board members)?
• Independent board members role in the planning process
• Preparation and expectations – issues and potential pitfalls

Interested in attending? This is an in-person event with no virtual option to participate. Members of the PDA can register for $25 by logging into their member accounts here. Non-members interested in attending as a guest of Croixstone can do so by emailing Grace Lynch, Croixstone’s Director of Business Operations, at glynch@croixstone.consulting.

Croixstone Debuts on the 2023 Inc. 5000 List

“Our debut on the 2023 Inc. 5000 list is fueled by the incredible support that Croixstone receives from our talented consultants, employees, clients, partners and friends.”

– Patti Weber (CEO and Co-Founder, Croixstone Consulting)

We have big news to share today: Croixstone is excited to share the following news as announced this morning by Inc. Business Media.

• Croixstone is debuting at No. 511 on the 2023 Inc. 5000, the annual list of the fastest-growing private companies in America. This ranking puts our firm among the top 10% of the fastest-growing private companies in the USA.
• Croixstone is debuting at No. 8 as the fastest-growing private company in the Charlotte-Concord-Gastonia NC-SC metro area.
• Croixstone is debuting at No.16 as the fastest-growing private company in our home state of North Carolina.
• Croixstone is debuting at No. 56 as the fastest-growing private Business Products & Services company in the USA.

Learn more about the Inc. 5000 List: The 2023 Inc. 5000 list ranks the top 5,000 privately held businesses in the U.S. by three-year revenue growth.

View the complete list here.

Read our press release: Click here.

Explore our digital library: Click here.

We are one week away from sharing big news.

“On the heels of celebrating our seventh business anniversary in June, I am thrilled to launch our countdown as we prepare to share big Croixstone news on Tuesday, August 15.”

– Patti Weber (CEO and Co-Founder, Croixstone Consulting)

The countdown begins today: The Croixstone Consulting leadership team is exceptionally excited to launch a 7-day countdown beginning today. The firm is preparing to share some big news with the general public on Tuesday, August 15.

Get social with us: We invite you to follow and engage with Croixstone on our social media platforms as we countdown to Tuesday, August 15. The sharing of big news that happens to be great news is always a happy occasion. Our social media presence is sure to reflect our excitement, and we welcome you to join in our enthusiasm.

• LinkedIn
• Twitter
• Threads
• Instagram
• Facebook

Learn our news on Tuesday, August 15: Join our mailing list if you aren’t already a subscriber. Read our blog. Follow our socials. We plan to be here, there, and everywhere on Tuesday, August 15.

Truist and Supplier Diversity

“Supplier diversity is not only the right thing to do, it’s a smart business strategy that helps us to bring our purpose to life for our clients, teammates and stakeholders.”

– William H. Rogers, CEO – Truist

Fast Fact: Croixstone Consulting was invited to attend this week’s Truist Tier2 Supplier Diversity Business Summit in Charlotte, NC. As a woman-owned professional services firm and a nationally-certified Women’s Business Enterprise (WBE), Croixstone was excited to participate in this dynamic event. Croixstone was represented by the firm’s CEO, Patti Weber, and Ed Ritter who leads the firm’s Risk & Compliance practice.

About Truist: Headquartered in Charlotte, Truist Financial Corporation (NYSE: TFC) is a purpose-driven financial services company committed to inspiring and building better lives and communities. Truist is a top 10 U.S. commercial bank with total assets of $555 billion as of June 30, 2023.

Truist and Supplier Diversity: Truist recently reported that its engagement with small, minority, women, and veteran-owned businesses led to over $1.7 billion in contributions to the U.S. economy and sustained more than 11,978 jobs. Last year, Truist purchased $870 million in products and services from diverse business in the US. The company’s total spend with small and diverse suppliers increased by 38.7% from 2021 to 2022.

Benefits of Supplier Diversity: In addition to being the right thing to do, there are sound commercial reasons for companies to create supplier diversity programs. Harvard Business Review cited the following benefits in an August 2020 article:

• An inclusive procurement strategy widens the pool of potential suppliers and promotes competition in the supply base, which can improve product quality and drive down costs;

• By providing more sourcing options, inclusiveness can make supply chains more resilient and agile – an increasingly important advantage in these uncertain times;

• The “feel-good” factor associated with diversity programs can also burnish a brand.

Learn more:

• Read Truist’s 2022 Supplier Diversity Impact Report

• Read the Harvard Business Review article entitled “Why You Need a Supplier-Diversity Program”

• View Croixstone’s photos from the Truist Tier2 Supplier Diversity Business Summit held on July 26, 2023

The Charlotte Ledger 40 Over 40 Awards Celebration

The Croixstone team is joining The Charlotte Ledger and U.S. Bank on Thursday evening, April 28, to celebrate this year’s honorees of local Charlotte unsung heroes aged 40+ who are doing great things in our community. We are looking forward to a fun night honoring The Charlotte Ledger’s amazing 40 Over 40 winners from 2020, 2021, and this year.

The honorees from 2021 include our very own Patti Weber, CEO and co-founder. Read more about Patti here.

Congrats to 2022’s winners! We look forward to seeing you on Thursday!

We’re Celebrating our Nomination for 2022

The Croixstone team is in a celebratory mood! The firm and our CEO, Patti Weber, have been nominated for the 11th annual 2022 Charlotte-Mecklenburg Crowns of Enterprise Awards.

The Crowns of Enterprise Awards recognize and honor small businesses that demonstrate exemplary leadership and sound business strategies. Charlotte-Mecklenburg strives to acknowledge and display the hard work and resilient efforts of the community’s local small businesses, illustrating the positive footprint and economic impact they have on Croixstone’s home town.

Winners will be announced during the annual Charlotte-Mecklenburg Crowns of Enterprise Awards Ceremony taking place on Thursday, May 12, 2022.

Learn more here.

Know Charlotte: 2021 Quarter 2 Growth Report

The Charlotte Regional Business Alliance has published its latest Growth Report for 2021 Quarter 2. Although Croixstone Consulting serves clients across the United States, we remain exceptionally invested in the economic growth of the Charlotte Region where our firm is based.

Following are our 5 key takeaways from the latest Growth Report.

COVID Job Losses: The Charlotte Region has 43,700 fewer jobs than pre-pandemic (-3.1%), outperforming the nation (-4.4%).

Job Gains: June 2021 showed the most jobs gained since October 2020 (and more than 2x any previous month in 2021).

Economic Development Projects: 30 economic development projects were announced in Q2, the highest of any quarter since the CLT Alliance created the Growth Report in 2019.

Capital Investments: These 30 projects represent $1.2B in capital investments (the 3rd highest amount in the history of the Growth Report).

Labor Market: The Charlotte Region is experiencing the lowest ratio of job seekers to job openings since at least 2006.

Read the 2021 Quarter 2 Growth Report here.

Croixstone Recommends: The Harvard Business School Club of Charlotte’s “Management Development Program”

It’s that time of year again when registration has opened for one of the Charlotte region’s best professional development and networking programs – the Harvard Business School Club of Charlotte’s “Management Development Program.”

Croixstone’s co-founders, Patti Weber and Mark Weber, are both graduates of this mini-MBA course that is conducted “Harvard style.” Taught by 26 Harvard Business School alumni from the Charlotte region, the course curriculum utilizes Harvard’s famous case study method and Harvard publications. Croixstone’s leaders especially enjoyed the rigorous debate of real-world business challenges that are embedded in the program.

The Management Development Program classes begin September 21 for 13 consecutive Monday nights and are open to the public (space is limited). And new for 2021, you have the option of participating in person at Queens University in Charlotte or remotely.

Learn more here.

Charlotte Snapshot: International Business & Foreign Direct Investment

As the world’s athletes gather in Tokyo for the 2020 Summer Olympics, we are placing a #FreshStart spotlight this week on the roles of international business and foreign direct investment across the greater Charlotte region.

Did you know?…

More than 1,000 international companies representing 40 countries call the Charlotte region home.

More than 250,000 foreign-born individuals and families are located across the region.

North and South Carolina are 2 of only 9 US states where employment in international business exceeds 7% of total employment.

Almost 50% of international companies in the Charlotte region are in manufacturing.

The Charlotte region recorded a nearly 16% increase in exports between 2016 and 2019.

Thanks to the Charlotte Regional Business Alliance for providing these statistics. Learn more about international business and foreign direct investment across the Charlotte region here.

Croixstone Welcomes Grace Lynch

Croixstone is excited to announce today that Grace Lynch has joined our team in the newly-created role of Senior Manager, Business Operations.

Grace is an operations and process expert who drives business outcomes for fast-growth and transformative organizations. Her background includes nearly two decades at Wells Fargo during the bank’s growth spree where she served in the Office of the President and provided leadership focused on problem resolution and process optimization.

Grace also performed due diligence and integration activities for mergers and acquisitions. She served as a leader in the bank’s credit risk area and worked in a number of other roles in customer service and branch operations.

Grace has supported the Charlotte region’s nonprofit and faith communities in leadership roles with the Charlotte Affiliate of the Pancreatic Cancer Action Network and Assurance United Methodist Church. As a social innovator, Grace is a co-founder of the Charlotte Pancreatic Cancer Alliance.

Grace holds a Bachelor of Business Administration (BBA) degree in Finance and Economics from Augusta University.

We invite you to visit Grace’s profile on LinkedIn to learn more about her professional background and impressive accomplishments.

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