
The final home for great businesses
Our mission is simple
Acquire, operate, and grow exceptional industrial businesses and hold them forever—preserving their legacy, strengthening their people & communities, and building lasting value for generations
You built something great - We are here to continue that legacy
Backed by experienced operators who share our mission, we’re two entrepreneurs committed to preserving your company’s culture, protecting and investing in your employees, and building on your success.
Others buy to sell—we buy to build
With permanent capital, we don’t have to take shortcuts or chase quick wins. When we buy a business, we intend to be its final owner-so when we invest in people, operations, and growth, we think about the payback in decades, not years.
Our core belief: Strong cultures create strong businesses
By putting people first—employees, customers, and partners—we build companies that attract the best talent, deliver outstanding service, and grow in a way that allows the business to invest in its people and communities, benefiting everyone.
Our difference and promise to you
Our goal is to carry forward the legacy you’ve built, strengthen the team that made it possible, and ensure the business continues to thrive for years to come
We will protect your legacy
Our mission is to grow your business and elevate its brand. We strive to be your successors, ensuring you can continue to feel proud of what you’ve built
We offer flexibility to suit your needs
Whether you're seeking a full exit or prefer staying involved as a co-investor, we can customize the process to match your preferences and journey alongside us
We handle the day-to-day operations
We step in with a hands-on approach, taking over management responsibilities with a dedicated leadership team, allowing you to confidently transition and focus on what’s next for you
We are people-focused and care about your team
Our goal is to maintain and support the talented team you’ve nurtured over the years, while upholding the company culture you’ve worked so hard to build
We dedicate our focus, with a long-term vision
We are not a large institutional buyer—we take a hands-on, focused approach to each business we acquire, ensuring long-term success and sustainable growth
We’re dedicated, cooperative, and driven by a growth mindset
Our strength lies in our ability to collaborate effectively and lead with optimism. We believe that great partnerships lead to great results, and we’re committed to fostering an environment of growth and progress
What we are looking for
Industry focus
We are focused on two areas, but open to adjacencies:
1) Industrial & infrastructure services:
Building & facility services (e.g., commercial FLS, HVAC, sanitation)
Equipment & industrial support (e.g., Industrial machinery repair & maintenance)
Industrial & environmental services (e.g., hazardous waste cleanup, waste management, safety & compliance)
Heavy infrastructure & engineering (e.g., Road marking, track maintenance and repair)
2) Niche manufacturing:
Industrial components & materials (e.g., bolt, nut, gasket, seal, abrasives)
Precision equipment & machinery (e.g., valves, rigs)
Specialty chemicals & materials (e.g., industrial lubricants, adhesives, sealants, cement)
Technology & precision instruments (e.g., industrial wiring)
Investment criteria
Financial
Revenue: $5-$50M with historical revenue growth >10%
Cash flow: $1-$4M with margins >15%
Minimal or predictable CAPEX needs
Operational
Serves mission critical need
Contracted, recurring or predictable revenue
Competitive advantage & pricing power
Low to no customer concentration
Meet the Team
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Alex Clark
Alex is an operator, builder, and leader with a diverse career spanning startups, consulting, large-scale M&A, private equity diligence, growth strategy, nonprofit work, and filmmaking—all underscored by a deep respect for the blue-collar businesses that keep the world running.
Raised in a blue-collar family, Alex learned early the value of hard work, discipline, and working alongside the people who get the job done. He carried those values into his time as a U.S. Army Infantry Officer, where he trained and led teams in both domestic and international operations. His experience leading in complex, high-pressure environments shaped his ability to work with anyone, adapt quickly, and solve operational challenges head-on.
After the military, Alex joined Boston Consulting Group (BCG), where he worked on large-scale mergers, private equity due diligence, and industrial operations—advising executives on how to scale and optimize their businesses. Outside of consulting, Alex has built hands-on experience as an entrepreneur, launching and scaling ventures across industries. His work has ranged from early-stage business development to structuring film business plans, and even serving as an Associate Producer on an independent film.
From driving ambulances in Ukrainian war zones to training horses used in equine therapy for kids and veterans, Alex is deeply involved in his communities. Whether delivering aid in crisis situations or working with animals that help rehabilitate those in need, he is committed to giving back in meaningful, hands-on ways.
At Novo Foundry, Alex brings real-world leadership, operational problem-solving, and a people-first mindset to acquiring and scaling industrial businesses. His leadership is defined by accountability, adaptability, and a relentless focus on execution—whether in the military, a startup, a boardroom, or the factory floor.
Alex holds an MBA from Stanford Graduate School of Business and a B.S. from the United States Military Academy at West Point.
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Andrew Sova
Andrew is an investor, advisor, and consultant with deep expertise in finance, private equity, and business strategy. His career has focused on evaluating, optimizing, and scaling companies with a sharp eye for business fundamentals, value creation, and strategic execution.
Raised in a small agricultural town by a single mother who worked multiple jobs, Andrew learned early the value of perseverance, discipline, and resilience. His first jobs—demolition work on construction sites and at a commercial flower nursery—reinforced his appreciation for the industries that support local economies. A lifelong athlete, Andrew was recruited to play collegiate football and earned a spot as team captain for his relentless work ethic, attention to detail, and ability to lead under pressure. The game shaped his mindset—demanding preparation, execution, and the ability to push past limits—all of which continue to inform his leadership and decision-making today.
In college, his love for numbers and solving complex problems led him to finance. He began his career at a small investment bank before following his passion for small and mid-sized businesses (SMBs) by joining a direct lending firm. There, he financed SMBs, underwriting and closing 30+ transactions while conducting diligence on hundreds more. This experience deepened his understanding of business models, risk assessment, and capital allocation, fueling his interest in ownership and investment.
At Boston Consulting Group (BCG), he specialized in private equity due diligence, sales and marketing strategy, organizational development, and ERP/financial reporting implementation. His work advising executives and investors sharpened his ability to analyze businesses, identify growth opportunities, and drive strategic improvements.
Motivated by a commitment to his roots, Andrew founded Novo Foundry to build enduring businesses that serve the community.
Andrew is a CFA charterholder and holds a B.A. from Claremont McKenna College and an MBA from Berkeley Haas. Outside of work, he trains for endurance events like Spartan races, lifts weights, hikes, and spends time with his family. He and his fiancée share their home with a two-year-old German Shepherd, who keeps them both on their toes.
About us
Rooted in our blue-collar heritage, Novo Foundry is more than a business—it’s a mission. We come from humble beginnings, raised by families who worked with their hands and their hearts, instilling in us the values of hard work, discipline, and integrity. Our experiences in the military, sports, and business have taught us the importance of teamwork, resilience, and accountability—lessons that have shaped how we lead and operate today.
Through our careers in private investment, consulting, and operational leadership, we’ve seen firsthand that great businesses don’t succeed by chance. They are built by people who take pride in their craft and thrive under leadership that is committed to their success. We feel a deep responsibility to protect, strengthen, and elevate the businesses we invest in—ensuring stability, purpose, and opportunity for the hardworking people behind them.
Our north star is clear: put people first, and lasting success will follow. That’s why we created Novo Foundry—to invest in both people and businesses, strengthening workforces, empowering leadership, and building value that compounds for generations.
We stand apart by offering a custom succession plan with adaptable and flexible terms tailored specifically for you and your legacy
Our Process
We provide a customized, adaptable process focused on delivering a positive result for all stakeholders
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Introductory discussion to establish rapport and explore mutual interests
To gain insights into the business, its current ownership structure, and any potential challenges
To present the background of Allie and Andrew and the investment team
If both parties feel comfortable moving forward, our team will sign an NDA to securely receive further details about the business
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Conduct an initial assessment of the business based on shared data
Review key growth opportunities, industry trends, and market positioning
To evaluate the current team, supplier relationships, and major customers
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Execute a Letter of Intent (LOI).
Finalize a preliminary valuation of the business
Agree on a roadmap and timeline for completing the transaction and transition phases
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Carry out a comprehensive due diligence process, including — but not limited to — financial, legal, and operational aspects
Dive deeper into the business’s operations and financial health
Formulate a detailed plan for the business’s future development
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Formalize the agreements and finalize documentation
Officially transfer ownership of the business.
Release the agreed-upon funds to the sellers, marking the close of the transaction
What’s in a name?
Foundries were among the first industrial services, built on repeatable, durable processes that create things designed to outlast their makers. The foundry represents resilience, craftsmanship, and industry at its core—where things are built to last.
“Novo” embodies the spirit of progress, fresh thinking, and long-term growth and represents our commitment to bringing fresh ideas and new energy to time-honored industries.
At Novo Foundry, we blend tradition with innovation to create businesses that stand the test of time.
Interested? Let’s connect!
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