# Adirondack Growth Capital

Adirondack Growth Capital is a Multi Family Office based in Minneapolis, MN, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Minneapolis, MN, United States
- **Region:** North America
- **Address:** Minneapolis, MN, United States
- **Founded:** 2009
- **Assets under management:** Undisclosed
- **Website:** adirondackgrowthcapital.com
- **LinkedIn:** https://www.linkedin.com/company/adirondack-growth-capital

## About

Adirondack Growth Capital was established in 2009 by David Kidd. The firm manages capital from Kidd’s sale of Midwest Supplies and subsequent growth at Nova Flex LED. It functions as a multi-family office with a focus on owner-operator businesses. The firm pursues buyouts in value-added distribution, LED lighting, business services, healthcare, and education. It deploys capital via direct co-investments and SPVs. Confirmed holdings include Nova Flex LED. Activity centers on North America, with emphasis on Minnesota and Tennessee. Co-investors have included Peterson Partners and Anacapa Partners. Adirondack maintains a team of operators experienced in small- and medium-sized companies. David Kidd serves as both founder and CEO of Nova Flex LED. The firm lists no additional offices. No dated operational events from the last 24 months appear in available records. The firm’s structure ties investment decisions directly to operating experience. Kidd remains involved in portfolio company strategy and execution, distinguishing the mandate from pure financial sponsorship.

## Sectors

- AgriTech & FoodTech
- Energy Transition & Renewables
- Industrial Tech
- Healthcare Services
- Supply Chain & Logistics

## People

- David Kidd — Managing Partner and Founder

## Questions

### Who runs investment decisions at Adirondack Growth Capital?

David Kidd serves as Managing Partner and Founder. He participates directly in strategy and operations of acquired companies.

### How does Adirondack Growth Capital source proprietary deal flow?

The firm relies on referrals from business owners and networks built through prior operating roles. It offers referral fees for introductions to sellers seeking liquidity and reduced management duties.

### Is Adirondack Growth Capital structured as a single family office or does it operate more like a venture firm?

It operates as a multi-family office. Capital originates from David Kidd’s exits and is deployed into control acquisitions rather than venture-stage investments.

### Does Adirondack Growth Capital participate in fund commitments or only direct deals?

The firm executes direct buyouts and co-investments. No fund commitments to external managers are disclosed.

### What investment stages does Adirondack Growth Capital typically target?

It targets buyouts of lower-middle-market, owner-operated companies. Focus remains on businesses ready for management transition and operational scaling.

### What is Adirondack Growth Capital’s known posture on co-investments alongside external GPs?

The firm has partnered with Peterson Partners, Anacapa Partners, and TTCER Partners on acquisitions. Relationships date back to at least 2010 in some cases.

## Related profiles

- [Adinvest](https://altss.com/profile/adinvest)
- [Admiralty Partners](https://altss.com/profile/admiralty-partners-kutler-family-office)

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Last updated: 2026-08-10T15:54:10.904Z

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