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Andersen Group (ANDG) investor relations material
Andersen Group Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Leading provider of independent tax, valuation, and financial advisory services to individuals, families, businesses, and institutions in the U.S., with a focus on high-net-worth clients and complex financial needs.
Operates a multidimensional, integrated platform with primary offerings in private client services, business tax, alternative investment funds, and valuation services.
Differentiates through a strong firm culture emphasizing client service, collaboration, and stewardship, with a low-leverage operating model and high Managing Director involvement.
Founding member of Andersen Global, providing access to over 50,000 professionals in 180+ countries, enabling international service delivery.
Deliberately does not provide audit services, allowing for a comprehensive suite of non-audit offerings and avoiding auditor independence restrictions.
Financial performance and metrics
Revenue grew from $639.1M in 2023 to $731.6M in 2024, a 15% increase; nine months ended September 30, 2025 revenue was $668.3M, up 13% year-over-year.
Net income was $134.8M in 2024 (up 14% from 2023); $65.7M for the nine months ended September 30, 2025, down from $144.5M in the prior-year period due to new profits interest units.
Adjusted EBITDA margin was 20% in 2024 and 2023; for the nine months ended September 30, 2025, Adjusted EBITDA margin was 33%.
Operating margin was 18% in 2024 and 2023; 10% for the nine months ended September 30, 2025.
As of September 30, 2025: 2,347 employees, 293 Managing Directors, 11,900 client groups, and 21,000 client engagements.
Use of proceeds and capital allocation
Net proceeds of ~$153.5M (or ~$176.5M if over-allotment is exercised) expected, based on a $15.00/share IPO price.
Proceeds will be used to acquire newly issued Class X Umbrella Units from AT Umbrella LLC, equivalent to the number of Class A shares sold.
AT Umbrella LLC will use proceeds for offering/reorganization expenses, technology, infrastructure, training, and potential strategic acquisitions or investments.
No current agreements for specific acquisitions or investments.
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