We believe better inputs lead to better outputs.
Think like a tech company.
Invest like a partner.
Build with the commitment of an owner.
We invest in the trades. We equip the people who do the work. Together, we build market leaders, powered by AI.
You built something worth building on.
- Your team's know-how
- Years of customer service
- How the work gets done
- Operations that run themselves
- Growth that compounds
- The leader in its market
AI finds the signal. People make the call.
Our own tools gather and connect the information, automate the busywork, and give us the leverage to make better investment calls.
We work for our businesses. Our systematized feedback loops let us:
Make better decisions.
AI-assisted research and diligence help a lean team see more deals, more clearly.
Create value faster.
Better scheduling, retention, collections, and less admin are improvements that show up in cash flow.
Realize better outcomes.
Each acquisition gets a proven system, so improvements arrive faster and cost less.
Backing the people behind the work.
We have a thing for businesses people count on. The ones that show up, know their customers, and have earned their place one job at a time.
Inside Out Fund brings a fresh set of eyes, practical operating experience, and capital for what comes next. We get curious about the details, work with the people who know them best, and look for the better hiding in the familiar.
Understand what matters. Build on it together.
You built something worth building on.
We would like to hear what you want the next chapter to look like.
Understanding is part of the investment.
We aim to earn investor confidence through clear judgment and visible follow-through.
Where the plan meets the work.
The operating plan belongs in the investment case from the beginning.
We connect each improvement to an owner, a measure, and a business outcome.
A little better adds up.
Make progress a practice.
Keep the promises, fix the recurring frustration, and take the time to get important decisions right.
Progress becomes meaningful when it keeps happening.
Let's build something that lasts.
Contact ↗A technology company first.
We built our own AI operating system to run everything we do: sourcing, due diligence, value creation, and M&A. Then we build software inside each company we own.
Better inputs lead to better outputs. Here's how.
Finding businesses worth building on.
Our system pulls scattered market signals into one view and screens them for fit, so our time goes to the right conversations.
Seeing how the business really works.
Before we invest, we map how the business really runs and trace each problem from symptom to cause. The system flags it. People confirm it.
Choosing what to improve first.
Every improvement is tested against the evidence, its impact, and the team's capacity. Only the ones that pass go live, each with an owner and a measure.
Software built for each company.
Using each company's own inputs, we build software around how that business actually works, then keep shipping new versions.
Company 03 · HVAC · Built for one company Each company gets its own software, built on the Inside Out OS.
Every company makes the platform stronger.
Each new company plugs into the same operating system. It gets what already works, and what it learns flows back to every other company.
Let's build something that lasts.
Contact ↗Capital with its sleeves rolled up.
Understanding is part of the investment.
We like getting into the details.
The opportunity is in understanding what makes a good business work.
Good roots. Room to grow.
We look for repeat demand, trusted relationships, and room to operate better.
Make progress a practice.
We want growth the organization has the capability to support.
Better tools for people who know their craft.
Technology earns its place by solving a problem that matters.
Good technology knows its place.
The future should make work easier.
We start with the problem your team actually wants solved.
A better tool should make sense to the person using it.
Good judgment. Useful capital.
Understanding is part of the investment.
We separate what the business has proven from what we still need to test.
Best idea wins.
Change your mind when the evidence changes, and give credit freely.
Better is a good place to start.
A little better adds up.
We want every company we add to make the whole more capable.
Backing the people behind the work.
Good roots. Room to grow.
Let's build something that lasts.
Contact ↗You built something worth building on.
We would like to hear what you want the next chapter to look like.
Backing the people behind the work.
Good roots. Room to grow.
We have a thing for businesses people count on. The ones that show up, know their customers, and have earned their place one job at a time.
We look for repeat demand, trusted relationships, and room to operate better. You know your customers, your team, and the work. We bring a fresh set of eyes, practical operating experience, and capital for what comes next.
Where the plan meets the work.
We get curious about the details and work with the people who know them best.
Listen closely. Build thoughtfully.
We start by understanding what makes your business work before suggesting what should change.
Make progress a practice.
Each improvement gets an owner, a measure, and a clear link to a business outcome.
Better tools for people who know their craft.
Technology earns its place by solving a problem your team actually wants solved.
Everyone wins.
We consider the founder, the team, the customer, and the investor when making decisions.
Understand what matters. Build on it together.
Grow at the right pace.
Organic growth and selective acquisitions, paced to what the organization can support.
Step back, or step up.
Some founders want to stay at the centre. Others want a plan for stepping back. Both conversations are welcome.
Keep what makes it yours.
The way you treat customers and the people who built the business belong in the plan.
Good questions open good doors.
Start with the question that matters most to you.
How does a first conversation work?
Tell us about the business and what you want the next chapter to look like. There is nothing to prepare and no obligation.
What happens to my team?
The people who know the work should help shape the plan. We get to know the team early and plan around them.
What do you bring beyond capital?
Practical operating experience, a fresh set of eyes, and technology that makes the work better.
Let's build something that lasts.
Contact ↗Good judgment. Useful capital.
Our investment case begins with the economics of the service business.
Good roots. Room to grow.
We look for repeat demand, trusted relationships, and room to operate better.
Where the plan meets the work.
We connect each improvement to an owner, a measure, and a business outcome.
Understanding is part of the investment.
We aim to build value through stronger businesses and disciplined ownership.
The service business must support the investment case without unproven software upside.
The operating plan belongs in the investment case from the beginning.
Capital with its sleeves rolled up.
Understanding the day-to-day helps us judge what the financials can become.
Technology and practical advantage
Technology earns its place by solving a problem that matters.
Growth and acquisitions
Organic growth and selective acquisitions serve the same goal: a stronger business.
Evidence and judgment
We test the assumptions that could change the decision.
Capital and accountability
Entry price, financing, and execution all have to make sense together.
Understand what matters. Build on it together.
We like getting into the details.
We separate what the business has proven from what we still need to test.
Make progress a practice.
We measure progress in the business as carefully as we describe it in the model.
Listen closely. Build thoughtfully.
Conviction should get stronger as the evidence gets better.
Clarity does not remove risk.
Investment outcomes are uncertain and capital can be lost. Business improvement alone does not establish an investment return. Consider the structure, valuation, financing, and assumptions behind any investment case, not only the narrative.
Good company, in more ways than one.
Our job is to explain what is working, what is changing, and what we are doing about it.
Is this an offer to invest?
No. This website introduces a point of view. An investment decision requires formal documentation, confirmed eligibility, and a full assessment of the relevant terms and risks.
Growth and acquisitions
Each acquisition needs a clear reason to belong. Integration capacity helps determine the pace of growth.
Technology and practical advantage
We build around workflows we understand firsthand. Tools proven inside the business may create opportunities beyond it.
Capital and accountability
We size ambition against the cash, people, and time it requires.
Let's build something that lasts.
Contact ↗Businesses and people whose lives depend on them can reach an uncapped human potential when built from the inside out.
Partner with blue-collar services businesses to deploy technology that empowers workers to build AI-native market leaders.
Built from the inside out.
Ten values shape how we invest, how we build, and how we treat the people who rely on us.
Have a distinct point of view.
Have a considered opinion about what good looks like and the conviction to pursue it, even when it goes against convention. Question accepted ways of doing things, explain what you see, and let the thoughtfulness and quality of your work convince others.
Cringe more.
Get uncomfortable on purpose. Business is personal, and we build in public because the market is our accelerator. Inside the firm, we ask hard questions early and say what we need.
Best idea wins.
Ideas are a marketplace, and we pick winners based on evidence, not the author. Low egos shape our culture: debates don’t get personal, decisions are bold, and outcomes are better. We change our minds by learning, unlearning, and relearning.
Keep it simple.
We keep our company free of operational fluff and take the extra step to synthesize our work so no one gets left behind. We make ourselves understood, ask follow-up questions, and never pretend something is clear when it isn’t. We rely on simple, compounding systems so that no one has to be a hero.
Partners, not employees.
Treat every person with the same dignity, respect, and consideration, regardless of title or role. Lead how you would want to be led: share context, invite honest input, trust people with ownership, and give them the support to succeed. We don’t wait to be asked; no one here says, “You never told me to take out the trash.”
Act for the whole.
We do the right thing, guided by reason rather than advantage, and we win together with founders, partners, investors, customers, and each other. We choose relationships carefully, then keep them: we only invest, partner, or hire when we intend the relationship to outlast the deal. There are no unwritten rules. The standards we state are the ones we hold for every stakeholder, and we expect the same in return.
Assume positive intent.
We lead with kindness. People who feel trusted take risks, own their mistakes, and speak up; people who feel threatened hide. So when something goes wrong, we treat it as a process problem, not a people problem, and we fix the process with the person. Positive intent is where we start, not a substitute for accountability: a miss earns a direct conversation, and a pattern earns a decision.
Move at the speed of alignment.
Alignment leads to sprinting, not more thinking. When we’re aligned, we decide, and when we decide, we act quickly and with conviction. When we’re not, we stop and fix it, because a week of misalignment costs more than a conversation.
Compound daily.
1% better, on purpose. Small and compounding beats big and occasional. We measure ourselves against last week, not against each other.
Get dirty.
We are a team of doers who work from the inside out on the businesses we own. Learning by doing builds ownership and responsibility, while delegating from the outside in creates an us-versus-them culture.
Why we started.
Inside Out began in the hills of North Carolina, at an offsite that brought us together through our shared coach, Adam. Each of us was reconsidering the work we wanted to do and the lives we wanted to build. Through the winter and spring of 2026, our conversations revealed shared values, mutual respect, and a conviction that we could build something meaningful together.
Across our experiences in investing, operating businesses, and building software, we had seen what happens when technology is designed around people. Warehouse workers picking, packing, and shipping with tools shaped around their knowledge of the job. Businesses discovering what purpose-built software could make possible. Those experiences left us with a belief: understanding people’s work and giving them better tools can unlock extraordinary potential.
As we built with AI, we saw an opportunity to bring those capabilities to smaller businesses on an entirely different scale. We imagined dispatchers managing complicated days with greater clarity, crews spending more time on skilled work, and owners making better-informed decisions. Together, our experience in service businesses, technology development, and disciplined investing gave us the complementary skills to turn that possibility into something real.
Private equity offered a way to commit ourselves to that work. Ownership would let us invest in people, build alongside them, and stay accountable for the results. We saw room for a firm built to learn, unlearn, and relearn as technology changed what businesses could accomplish. We believed that combining thoughtful ownership with the curiosity and capabilities of a technology company could build stronger businesses and deliver exceptional returns.
Our foundation was simple: life is long, and doing the right thing pays off. No short-term gain is worth compromising the trust, relationships, or integrity that make a business worth building. We wanted employees, customers, business owners, and investors to prosper together. We started Inside Out Fund to put that conviction into practice—to help businesses and the people whose lives depend on them reach their potential, from the inside out.
Consider us business people. And people people.
We're a technology company that spends its time in the trades. The best ideas come from the people closest to the work, so that's where we build.
In the field
We spend time where the work happens: on job sites, in trucks, and at the front desk.
Builders side by side
Engineers, operators, and tradespeople solving the same problems together.
An owner's mindset
We treat every company as ours to keep, and every decision as one we'll live with.
The people behind Inside Out.
Victor Arribas
Managing Partner
Andrew Dazzo
Managing Partner
Scott Latham
Managing Partner
Adam Letica
PartnerBetter inputs.
Better outputs.
Better days.
[Quote from an owner we've partnered with.]
[Quote from someone on a crew or at the front desk.]
[Quote from a customer or community member.]
Let's build something that lasts.
Contact ↗For the business behind the business.
Good businesses deserve good company.
We have a thing for businesses people count on. The ones that show up, know their customers, and have earned their place one job at a time.
Better inputs.
Better outputs.
Better is a good place to start.
Behind every good business are people who care enough to get the details right. We believe the next chapter should be built with that same care.
Build resilient businesses with good people.
Our mission
Partner with founders and teams to grow essential service businesses through thoughtful investment, stronger operations, and technology that makes the work better.
Understand what matters. Build on it together.
Everyone wins.
Build a future people can get behind. Consider the founder, the team, the customer, and the investor when making decisions.
Cringe more.
Care enough to get uncomfortable. Ask the awkward question, have the honest conversation, and make the call you have been putting off.
Compound daily.
Make a little better a habit. Keep the promises, fix the recurring frustration, and take the time to get important decisions right.
Best idea wins.
Listen for the best answer wherever it comes from. Give the people closest to the work a voice.
Taste.
Know what good looks like. Notice the details that make an experience easier, clearer, or more thoughtful.
Backing the people behind the work.
The people who know the work should help shape the plan.
Good judgment. Useful capital.
We treat capital as a responsibility with an operating plan attached.
Let's build something that lasts.
Contact ↗Good questions open good doors.
Contact Inside Out
Whether you run a business, back one, or simply believe good work deserves better tools, we'd like to hear from you.