A fund for the backbone of Australian industry.
Sandmark Capital backs operator-led acquisitions of profitable Australian SMEs, with hands-on support and technology-forward execution, powered by TEN13’s network.
Succession is the deal flow.
Australia has thousands of high-quality SMEs facing ownership transition. Many are profitable, under-digitised and operationally improvable. We focus on the ones with durable demand: niche manufacturers and the B2B services their customers can’t do without.
The gap is not capital. It is capable operators with capital behind them and a partner who stays after the close.
Operator-led. Network-backed. Tech-enabled.
| Operator-led ownership | We don’t just buy businesses. We back the people running them day to day, with meaningful equity and a peer group. |
|---|---|
| Execution edge via TEN13 | Certainty of capital and a network that can close. Sellers and advisers know the difference. |
| Technology-first uplift | Modern systems and AI-enabled workflows applied to physical businesses, where the gains are largest and the competition is thinnest. |
Strategy snapshot
Kept plain. Detailed terms, check size, leverage appetite and sector exclusions are in the IM.
| Target | Profitable Australian SMEs, niche manufacturing and B2B services |
|---|---|
| Structure | Back operators acquiring controlling stakes |
| Value creation | Operational excellence, systems, technology uplift, growth |
| Holding mindset | Long-term stewardship, not quick flips |
Early traction
| Autolift Garage Doors | Sydney. Operator-backed acquisition of a 30-year niche manufacturer. Operator: Ashley Alfs. |
|---|---|
| SPL Systems | Gold Coast. Operator-led succession in security systems and locksmithing. Operator: Kylie Wright. |
| Customer Transport Equipment | Operator-backed platform for the next growth phase. Operator: Stijn De Vriendt. |
Questions investors ask
What types of businesses do you buy?
Profitable Australian SMEs in niche manufacturing and the B2B services their customers can’t do without, with durable demand, real margins and an owner ready to anno over. Typically under-digitised and operationally improvable.
How do you source operators?
Through the TEN13 network, our own outreach and referrals from operators we already back. We look for people who have run teams and P&Ls, and who want to own rather than advise.
How do you support operators post-acquisition?
A monthly operating cadence, a peer group of other Sandmark operators, and hands-on technology and AI implementation on the floor of the business.
How does TEN13 fit in?
TEN13 is the engine behind Sandmark: its investor network, execution track record and technology capability. Sandmark is the brand and vehicle for succession-led acquisitions.
How do I get access to the raise?
Request the information memorandum or book a call. Fund terms are shared with qualified investors under NDA.