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. 

  • $3M to $30M of revenue

  • $750K to $3M of EBITDA

  • 15%+ EBITDA Margins preferred

  • Consistent financial performance and revenue growth

  • Limited capital expenditures


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

  • 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.

  • Value-added Distribution
      -   Assembly, kitting, or configuration
      -   Consumable and branded products
      -   B2B or B2C ecommerce

  • LED Lighting

  • Business Services

  • Healthcare
      -   Services, distribution, and manufacturing

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


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

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