INVESTMENT FOCUS

Adirondack is actively searching to acquire a privately held business with a manager-owner seeking full or partial liquidity. Our acquisition structures are highly flexible and creative; however, we require a controlling interest: we are not minority investors. The business must be located in the United States and should satisfy most of the following criteria:

Ownership Situation

Retirement Ready	Rapidly Growing Business
Looking to transition out of day-to-day operating role No successor in place Wants to ensure the ongoing success of the organization and its employees	In need of additional day-to-day management Would benefit from experienced board of directors Wants to diversify personal wealth

Financial Attributes

$5 to $50 million of revenue
$2 to $5 million of EBITDA
15%+ EBITDA Margins
Consistent cash flow
Significant growth potential

Industries of Interest

Insurance Distribution
commercial, P&C, and speciality products emphasis
- Program Administrators, Managing General Agents (MGAs), Wholesalers
- P&C Retail Agencies
- Third Party Administrators
- Insurance Technology
Health Care Services
- Hospital Services
- Physician Services
- Medical Clinics: emergency and non-emergency care, walk-in clinics
- Alternative Medical Care: physical therapy, chiropractic care
- Medical IT Outsourcing
- Medical Records: software and technology
- Medical Billing / Receivables Management
- Revenue Cycle Management
- Pharmacy Services: specialty pharmacies, staffing, and outsourcing
- Medical Staffing: physicians, physical therapists, occupation therapists
- Physician software
HR Services
Financial Services
Laboratories
Education
Business Services

Click here for NAISC and SIC codes of interest

Company Attributes

Diverse customer base with high retention rates
Identifiable growth opportunities
Clear value proposition for customers
Sustainable competitive advantages

Adirondack will not invest in a start-up company, a turn-around situation or a business with project-based revenue.