The Industrial CapitalistAmerican industry is being rebuilt. This is the record of who is doing it.
A second industrial age is under way, on the pad, in the shop, along the pipeline, and in the plants coming back to American soil. The Industrial Capitalist is a journal, a podcast, and a private assembly for the builders leading it. We begin with energy, the industry that powers all the others.
The country is building again. New plants, new pipelines, new yards, new crews, and a generation of owners putting their names on the loan documents to make it happen. It has been chronicled by outsiders for too long. We start in the oil patch, where the rebuilding began and where it runs on relationships, patience, and physical courage. What we build for these people becomes the template for every industry that follows.
One email a week. Worth the minute.
What moved on the pad, who we spoke to, and the number that mattered. No advertising, ever.
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The Record
Long-form conversations with the people rebuilding American industry, on the record. Each season goes deep on one industry.
The first conversations are being recorded now. The episode list will appear here.
The words of the trade, in plain language.
Explainers for the pad, the shop floor, the job site, and the bank. Written by people who use them.
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What is a personal guarantee?
A personal guarantee puts the owner’s own assets behind the company’s debt. Why nearly every industrial loan requires one, what it covers, and how owners eventually get out from under it.
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Equipment financing and leasing, explained
Trucks, pumps, machine tools, and generators are rarely bought with cash. The difference between an equipment loan and a lease, what lenders look at, and what the fine print costs.
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What is an EBITDA multiple?
Industrial businesses are usually priced as a multiple of EBITDA. What the number means, what moves it up or down for a service company or shop, and why the add-backs matter.
The Assembly
Salon dinners
Once a quarter, by invitation only. Twelve seats, each hand-selected from the thought leaders across the pad: one anchor operator and eleven rising builders. The guest list is never published.
The tableThe Summit
An off-the-record annual gathering of American energy’s builders and the capital behind them.
The gathering
An institution built to endure,
and to grow.
Membership is by invitation.
We admit the people rebuilding American industry, beginning with energy. As new desks open, the room grows. The standard does not.
Request an introduction