Criteria — Andiamo Equity

— What we buy

— Revenue$4M–$20M

— EBITDA$750K+, profitable on a normalized basis

— GeographyUnited States — any region

— SituationSuccession, partial exit, or full sale — where the next chapter matters as much as the price

— OwnershipFounder-led or family-owned, typically held a decade or more

— Industries

Durable, unsexy, growing — the businesses that quietly run America.

We don't favor any one industry, with a bias toward businesses that have customers who renew, work that needs to get done in person, and operating margins we recognize from where we came up.

Value-added distribution Niche manufacturing Testing, inspection & calibration Metal treating & coating Industrial services Industrial laundry Document shredding Safety equipment Restaurant cleaning Sewer & water services Parking lot maintenance Fire & life safety

— What we will and won't do

— Yes

Profitable businesses where management wants to keep building.

i.Founder-led with a clear succession or partial exit need.
ii.Family-owned across one or more generations.
iii.Recurring revenue, contracts, or sticky customer relationships.
iv.Stable or growing earnings, year over year.

— No

Anything that needs a turnaround to work.

i.Pre-revenue, pre-profit, or venture-style growth bets.
ii.Pure software or pure tech — outside our circle of competence.
iii.Distressed assets that need restructuring before they can grow.
iv.Industries with structural headwinds we can't underwrite.

— What you can expect from us

Move fast, follow through — measured the way operators measure it.

— First call to decision

4 weeks

A clear yes or a clear no — within four weeks of getting the materials.

— Equity to management

Yes.

Meaningful equity to management in nearly every deal.

— Retrade rate

When we say we're in, we're in.

— Next

Sounds like a fit?

Send us what you have. A teaser, a CIM, or a few sentences — whatever's easiest. We respond within two business days.

Talk to us What happens next →