CRITERIA

Adirondack acquires businesses run by owner-operators who seek full or partial liquidity as they transition out of day-to-day operations or reduce their management responsibilities.

Our acquisition structures are flexible and tailored to meet the unique needs of the owner; however, we require a controlling interest: we are not minority investors.

 

Companies should satisfy most of the following criteria. 

Financials
  • $3M to $30M of revenue

  • $750K to $3M of EBITDA

  • 15%+ EBITDA Margins preferred

  • Consistent financial performance and revenue growth

  • Limited capital expenditures

Ownership

Rapidly Growing Business

  • Entrepreneur / owner looking to exit or reduce responsibility

  • Need experienced management

  • Would benefit from access to capital

  • Owner looking to diversify personal wealth

Retirement Ready

  • Ready to transition out of a day-to-day operating role

  • No successor in place

  • Cares about the future of the organization and its employees

Industries
  • Value-added Distribution

  -   Assembly, kitting, or configuration
  -   Consumable and branded products
  -   B2B or B2C ecommerce

 

  -   Commercial and architectural applications

  • Business Services

  -   B2B, technology-enabled, and software

  • Healthcare

  -   Services, distribution, and software

  • Education Services

  -   Youth development and technology

Adirondack will opportunistically look at industries
other than manufacturing, construction, and retail.

Company
  • Consistent revenue growth

  • Diverse customer base with high retention rates

  • Recurring revenue and / or repeat customer base

  • Significant growth opportunities

  • Clear value proposition for customers

  • Positive company culture

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

Geography

While we consider businesses located throughout the United States we have a preference for companies based in Minnesota and the Upper Midwest.

US Map - MN + Upper Midwest.jpg