Adirondack is a group of successful entrepreneurs, business executives, and individual investors. But first and foremost we are operators: every member has significant experience growing small to medium sized businesses. Adirondack is focused on acquiring companies that would benefit from our collective expertise and capital.
David Kidd is the Managing Partner and Founder of Adirondack Growth Capital. He is responsible for all investment decisions. He is deeply involved in the leadership and day-to-day operations of Adirondack's companies. Under David's leadership, Adirondack has achieved a lifetime IRR of 50.8% for its investors and generated a 5.2x cash-on-cash return, placing Adirondack among the top ten percent of similar investments.
David was previously CEO of Midwest Supplies, the largest ecommerce supplier of homebrewing and winemaking products in America and a company acquired by Adirondack. During David's tenure at Midwest Supplies the company experienced annual revenue growth of nearly 30%, employee count doubled to over 100, and the company achieved record profitability. Investors in Midwest Supplies achieved an 85.3% IRR and 3.8x cash-on-cash return. David led the sale of Midwest Supplies to Northern Brewer, its largest competitor, creating the industry leader with over $50 million in revenue and more than 200 employees. David was President of the combined organization for a year, leading the integration of the two businesses, developing a national retail rollout strategy, and recruiting the management team responsible for driving future growth.
Prior to founding Adirondack David was a Vice President at Lincoln International, a middle-market investment bank based in Chicago. While at Lincoln, David provided M&A advisory services to private business owners, private equity firms, and Fortune 1000 companies. He completed 26 transactions in five years. Before joining Lincoln, David was a management consultant at A.T. Kearney based in Alexandria, Virginia. As a member of A.T. Kearney's strategy practice, David worked with Fortune 500 companies to improve sales force effectiveness, performance measurement, customer retention, and operations and productivity.
David earned an MBA from Stanford University where he was an Arjay Miller Scholar. He holds a BS in Accountancy and a minor in Technology Management from the University of Illinois, graduating with Highest Honors and Bronze Tablet distinction. David is an Eagle Scout and avid supporter of the Boy Scouts of America. He currently resides in the southwestern suburbs of Minneapolis with his wife, son, and daughter.
John Barrow founded Coolibar Inc. in 2001 and serves as its Chairman and President. John previously served as Vice President, Client Marketing of Techies.com, Inc. Prior to that he Co-Founded an IT education company, J3 Learning Corporation. Previously, John served as Gartner Group Inc.'s Vice President of Marketing for the Asia/Pacific region. Earlier, he worked for McKinsey & Co., Inc. on consulting assignments for multinational consumer marketing companies. John holds a BS in Psychology from the University of New South Wales and an MBA from Harvard Business School. John previously served on the board of Midwest Supplies.
Chuck Grant was previously the Chairman, President, and CEO of SP Industries, a designer, manufacturer, and marketer of laboratory research and process equipment, glassware and precision glass components, and configured-to-order manufacturing equipment. He also served as the Chairman of O'Currance Teleservices, Inc. Prior to joining SP Industries, he was a Segment President for SPX Corporation, based in Charlotte, NC. (NYSE:SPW). Chuck has previously served as Executive VP and CFO at Continuum Workflow Technology, Inc.; President of Photon Technology International in South Brunswick, NJ; and Vice President, Finance and Administration and CFO of Capital Cities / ABC, Inc., a diversified publishing and market research business with revenue of $300 million. Chuck earned his MBA from Columbia University and a BS / BA from Northeastern University in Boston. He also received several postgraduate certificates from Harvard University. Chuck was an investor and adviser for Midwest Supplies.
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