Corridor Capital, LLC has partnered with management to recapitalize Nationwide Property & Appraisal Services, LLC (“Nationwide”), a national leader in real estate appraisal management services. EdgePoint led the negotiations of the sale and served as the exclusive financial advisor to Nationwide. Terms of the transaction were not disclosed.
Founded in 2008 and headquartered in Gibbsboro New Jersey, Nationwide is a national leader in appraisal management services. Focused on becoming an irreplaceable component of a real estate transaction through industry leading appraisal turn-times and report accuracy, the company has grown to be an invaluable part of the operations of its customers. Today, more than 400 unique lending institutions and more than 20,000 loan officers in the residential and commercial real estate market throughout the country rely on the Company for the critical appraisal reports vital to ensure loan underwriting and closing occurs in a timely manner.
Corridor Capital, LLC’s private equity strategy is to leverage its internal operating expertise and extensive network of executives to create value in control transactions in the lower middle market. Corridor, a dedicated fund, works actively in partnership with its portfolio company management teams to create sustainable and scalable infrastructure and to grow organically and through acquisition. The firm focuses on companies in specialty manufacturing, business services and environmental services. Corridor is headquartered in Los Angeles, California.
EdgePoint specializes in advising middle market businesses and owners regarding mergers, acquisitions, management buyouts, and corporate divestitures.