SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                     FORM 8K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


        Date of Report (Date of earliest event reported): April 28, 2000


                               ACADIA GROUP, INC.
             (Exact name of registrant as specified in its charter)



                           Colorado 0-28976 010509781
                  (State or other (Commission (I.R.S. Employer
                 jurisdiction) File Number) Identification No.)


                        415 Rodman Road, Auburn, ME 04210
               (Address of principal executive offices) (Zip Code)


               Registrant's telephone number, including area code
                                 (207) 777-3423
                                 (800) 479-3066

                                       N/A
         (Former name and former address, if changed since last report)







Item 5.
               We are filing this Current Report on Form 8-K solely for the
purpose of disclosing a private placement transaction which closed on April
26, 2000. In connection  with such  transaction,  Acadia  Group,  Inc.  accepted
subscriptions  for 1,059,255  shares of its common stock at $4.75 per share from
certain  investors.  The  consideration  paid for the shares by the  subscribers
included  cash, and in certain  instances,  the  cancellation  of debt and other
obligations of the Company.  The  transaction  generated total gross proceeds of
$3,585,000  and enabled the Company to cancel debt and other  obligations in the
aggregate amount of $1,450,000 owed to certain subscribers.

             The shares of common stock issued in the private placement are not
registered  under the  Securities  Act of 1933 and may not be offered or sold in
the  United  States  absent   registration  or  an  applicable   exemption  from
registration  requirements.  This  announcement  does not constitute an offer to
sell or the solicitation of an offer to buy common stock of Acadia Group, Inc.







                                    SIGNATURES


               Pursuant to the requirements of the Securities Exchange Act
of 1934, the Company has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.



                                     ACADIA GROUP, INC.

                                     By: /s/ John W. Holt, Jr.
                                  ------------------------------
                                   Name:   John W. Holt, Jr.
                                   Title:  Chief Executive Officer and President



Dated:  April 28, 2000