Private Equity

A true partnership approach that aligns with your success.

As founders ourselves, we are attuned to the unique needs, challenges and exciting possibilities facing founder-led, growth-oriented businesses. We feel this shared experience as business owners makes us better stewards of capital and more constructive partners to our portfolio companies.

Who We Work With

Founder-Led &
Family-Owned Businesses

We work with leading founder/family-owned and other closely-held businesses in search of private capital and operational expertise to accelerate organic growth, fund acquisitions, and/or provide liquidity to founders or management owners.

Characteristics of These Firms
  • Significant equity ownership by founders or management
  • Long tenures working together
  • Strong sense of pride and identity in their companies
  • Aligns with ADC’s ownership culture
  • Solid, resilient businesses that reflect the grit and determination of their owners

Our Approach & Network

Unlocking Value to Optimize Growth

We understand the unique needs of founder-owned and other closely-held businesses and use our deep operational experience, extensive relationship network, and broad M&A and transactional expertise to drive value and successful exit outcomes for our partner firms.

How We Do It
  • The operational experience of our partners enables us to propel meaningful operational changes that enhance efficiency and growth
  • We leverage our extensive network of professional relationships for recruitment of executive/board talent and best practices
  • Our deep expertise in M&A and capital markets provides our portfolio companies unique know-how on the acquisition and capital markets levers available to complement value created from operations

Maximizing Future Value

Wealth creation opportunities for founders and employees.

We believe our M&A, capital markets and operational expertise helps accelerate growth and position companies for outsized equity value creation during our investment horizon.

A Second Bite At The Apple
  • Attractive additional wealth creation opportunities for founders on “rolled” equity
  • Expanded equity pool to incentive management or the next generation of talent

Industry Focus

Software & Services

We draw on decades of experience as advisors, investors and corporate executives in these industries to provide strategic guidance, the operational know-how, and transactional experience necessary to help our partner firms drive growth and maximize shareholder value.

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Business & Technology Services
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Software/SaaS
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Healthcare Services
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Fintech

Investment Criteria

  • US-based companies with $10-50 million in revenue
  • EBITDA profitable or near-term path to profitability
  • $10-$50 million target equity investment size
  • Control or structured minority equity investments

Our Investments

Healthcare Services

American Pain Consortium

About the Company

American Pain Consortium (APC) is a growing network of interventional pain management practices and pain-focused ambulatory surgical centers (ASC) that provides state-of-the-art, patient-focused support services to comprehensive pain management practices in the midwest U.S.

Providers at APC focus on managing acute and chronic pain with treatments that include nerve blocks and injections, neuromodulation and implants, physical therapy, psychological counseling, medication management, and compliance monitoring.

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Vertical Software and Services

Entertainment Partners

About the Company

Entertainment Partners (EP) is the industry leader in payroll and residuals services and Production Finance and Production Management technology, delivering integrated, cloud-based digital solutions with military-grade security supporting every phase of production for projects ranging from blockbuster movies to award-winning Indie productions, and from leading television productions to streaming episodic adventures, and more. With offices across the U.S., Canada and the U.K., EP brings together complete background casting and payroll services under one roof with Central Casting, a Hollywood icon since 1925.

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Digital Marketing Services

SmartBug Media

About the Company

SmartBug Media® is a globally recognized Intelligent Inbound® marketing agency assisting businesses in growing revenue by generating leads, increasing brand awareness and building customer loyalty through content marketing, sales enablement, revenue operations, web development, marketing automation and public relations.

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Staffing

The Intersect Group

About the Company

Founded in 2006, The Intersect Group is a leading staffing company that specializes in placing Information Technology (IT) and Finance & Accounting (F&A) professionals.

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Real Estate Services

Majestic Realty

About the Company

Majestic Realty ("Majestic") is the highest producing franchisee within the Sotheby’s International Realty (SIR) network, a marquee, luxury residential real estate brokerage brand representing buyers and sellers in many of the most appealing markets in the U.S. and internationally. Majestic consists of the entities LIV SIR, Summit SIR, Sierra SIR, Sun Valley SIR, Las Vegas SIR, and Desert SIR. The Company has grown from a small operator with four offices in Park City, UT to a market leader in the U.S. with 1,000+ agents and 50+ offices across 5 states.

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Vertical Software

TOPS Software (Exited)

About the Company

TOPS is the leading provider of SaaS accounting, business management, and online resident engagement solutions to community associations and property management companies in the homeowners association (HOA) industry.

TOPS’s software applications are used by thousands of organizations to manage millions of homes across the United States.

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Medix

About the Company

Medix is one of the largest staffing firms in the U.S., focused on the attractive “Allied Health” vertical within the broader healthcare market. Medix’s healthcare services include a host of non-physician and non-travel nurse “keep the lights on” staff (e.g., registered nurses, medical assistants, technicians, billing/ coding, customer care) that are core to the day-to-day operations of hospitals, medical practices, ambulatory / outpatient providers, labs, insurance companies, and other healthcare providers. Medix also has sizable practices in the areas of information technology (with a focus on healthcare information technology systems and electronic medical records) and life sciences (scientific and clinical research for pharmaceuticals, medical devices, and consumer products / food and beverages).

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GreenSlate

About the Company

GreenSlate is a leading provider of payroll and production accounting solutions for the entertainment industry. With its comprehensive all-in-one platform, production accountants can more efficiently track production expenses and pay their crews. GreenSlate manages some of the largest episodic budgets in production and supports some of the biggest names in the entertainment industry, including Netflix, Paramount, Imagine Entertainment, Tyler Perry Studios, and many others.

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Our Success Stories

TOPS Software

TOPS is the industry leader in accounting and community management SaaS solutions to the property management and HOA industries, in use at over 45,000 communities nationwide representing more than 5 million homes.

 

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SmartBug Media

SmartBug is a globally recognized digital marketing agency assisting businesses in growing revenue by generating leads, increasing brand awareness, and building customer loyalty through content marketing, sales enablement, web development, marketing automation, and public relations.

 

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