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
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$3M to $30M of revenue
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$750K to $3M of EBITDA
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15%+ EBITDA Margins preferred
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Consistent financial performance and revenue growth
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Limited capital expenditures
Ownership
Rapidly Growing Business
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Entrepreneur / owner looking to exit or reduce responsibility
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Need experienced management
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Would benefit from access to capital
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Owner looking to diversify personal wealth
Retirement Ready
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Ready to transition out of a day-to-day operating role
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No successor in place
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Cares about the future of the organization and its employees
Industries
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Value-added Distribution
- Assembly, kitting, or configuration
- Consumable and branded products
- B2B or B2C ecommerce
- Commercial and architectural applications
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Business Services
- B2B, technology-enabled, and software
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Healthcare
- Services, distribution, and software
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Education Services
- Youth development and technology
Adirondack will opportunistically look at industries
other than manufacturing, construction, and retail.
Company
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Consistent revenue growth
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Diverse customer base with high retention rates
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Recurring revenue and / or repeat customer base
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Significant growth opportunities
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Clear value proposition for customers
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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.
